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Mortgage Loan Types in Kenya

Explore different mortgage options available in Kenya. Find the right loan type for your home buying journey.

🤔 Not sure which loan type is right for you?

Answer a few quick questions and we'll help you understand your options.

Start with First-Time Buyer Guide → Calculate Your Payment
📊 Rate Types
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Popular for first-time buyers

Fixed Rate Mortgage

Interest rate locked for a set period (1-5 years). Monthly payments stay the same, making budgeting predictable.

  • Predictable monthly payments
  • Protection from rate hikes
  • Available from most Kenyan banks
📈
Market-linked rates

Variable Rate Mortgage

Interest rate fluctuates with market conditions. Tied to Central Bank Rate (CBR). Payments can go up or down.

  • Lower initial rates possible
  • Benefits when rates drop
  • Common in Kenyan market
🏗️ Special Purpose Loans
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Build your own home

Construction Loan

Financing for building a home from scratch. Funds are released in stages as construction progresses.

  • Draw-down payment structure
  • Interest only during construction
  • Requires architectural plans
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Buy land first

Land Purchase Loan

Financing specifically for buying land. Can be combined with construction financing later.

  • Up to 80% of land value
  • Land serves as collateral
  • Build equity before construction
🏛️ Government & Affordable Housing
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Subsidized programs

Government Housing Schemes

Affordable housing programs including the Affordable Housing Programme (AHP) and National Housing Corporation (NHC).

  • Lower deposit requirements
  • Subsidized interest rates
  • First-time buyer priority

📞 Need help choosing?

Talk to our team or compare current rates from top Kenyan banks.

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