Compare Investment Products Across Kenya

KMRC is a government-backed institution established under the Kenya Mortgage Refinance Company Act (2018) to provide long-term, affordable mortgage financing in Kenya.

How it works

KMRC provides long-term, fixed-rate funding to participating banks and SACCOs. These institutions then pass the benefit to borrowers through lower, fixed interest rates — typically 8–9.5% compared to 12–18% for commercial mortgages.

Key benefits

• Fixed interest rate — your rate stays the same for the life of the loan, regardless of CBR changes
• Lower rates — 8–9.5% p.a. vs 12–18% commercial
• Up to 25-year tenure — longer repayment period means lower monthly payments
• Lower deposit requirements — some lenders require as low as 5%

Eligible institutions

KCB Bank, Stanbic Bank, HFC (HF Group), National Bank, Stima SACCO, Kenya Police SACCO, Harambee SACCO, Ukulima SACCO, and other approved lenders.

Eligibility criteria

• Property value typically up to KES 10.5M (affordable housing category)
• Property must be for owner-occupation or immediate relatives
• Borrower must meet the participating institution's credit criteria
• Available for house purchase, construction, and land + construction

Source: KMRC, CBK, participating institution product pages. Rates and terms may vary by institution.