Stockholm
26 Apr, Friday
1°C
top 11 Best Banks In Kenya To Take A Loan For Mortgage

top 11 Best Banks In Kenya To Take A Loan For Mortgage

This article is about top 11 best banks in Kenya to take a loan for Mortgage. First, a mortgage is a legal arrangement whereby a bank or other lender lends money at interest in exchange for taking title to the asset from the borrower, provided the transfer of title is canceled upon payment of the debt.

A home loan, on the other hand, is used by property buyers to raise funds for the purchase of real estate. Mortgages are useful for people who want to own a home but do not currently have sufficient funds.

Best Banks In Kenya To Take A Loan For Mortgage

Everyone is a potential homeowner, and here are some of the banks that offer the most flexible home loans.

1.Standard Chartered Bank Kenya
Annual interest rate: 12.2%

  1. Citibank Kenya
    Annual interest rate: 12.5%
  2. Commercial Bank of Africa
    Annual interest rate: 12.9
  3. Commercial Bank of Kenya
    Annual interest rate: 13.3%

5.NIC Bank Kenya
Annual interest rate: 13.4%

  1. Chase Bank
    Annual interest rate: 13.9%

7.CFC Stanbic Bank Kenya
Annual interest rate: 14.1%

  1. Barclays Bank Kenya
    Annual interest rate: 14.4%
  2. Trust the Diamond Bank
    Annual interest rate: 14.6%

10 cooperative bank
Annual interest rate: 14.9%

  1. Bank Consolidation
    Annual interest rate: 15.1%

NB: Interest rates are subject to change, always confirm with the bank

error: