Home Loan Calculator — Kenya
Estimate your monthly mortgage repayment in shillings at current bank rates — and see how much cheaper a KMRC-backed loan is. No signup, no tracking.
Current rates (≈ 2026 — CBK rate 8.75%; verify with your bank)
| Lender / type | Typical rate | Notes |
|---|---|---|
| KCB | 12–16% | Largest bank, wide reach |
| Equity Bank | 13–16% | Popular mortgages |
| Absa Kenya | 13–16% | Competitive packages |
| Stanbic | 13–16% | Salaried-friendly |
| KMRC-backed | 9–11% | Affordable Housing scheme |
Major lenders
- KCB — Kenya's largest bank, broad mortgage access and long tenures
- Equity Bank — popular home loans and developer partnerships
- HFC (HF Group) — mortgage specialist
- Absa & Stanbic — competitive salaried mortgages
- KMRC — wholesale refinancing that funds cheaper 9–11% affordable mortgages via member banks/SACCOs
The real cost — a worked example
Example: KSh 5,000,000 mortgage at 14% for 20 years
- Monthly payment: KSh62,176
- Total paid over 20 years: KSh14,922,250
- Total interest: KSh9,922,250
- A KMRC-backed loan near 10% on the same amount saves a large share of the interest — ask your lender if you qualify.
KMRC affordable mortgages
- The Kenya Mortgage Refinance Company (KMRC) refinances banks and SACCOs so they can offer single-digit fixed rates (≈9–11%) on qualifying affordable-housing loans.
- Commercial mortgages run 12–16%, so the KMRC route can save you a substantial amount over 20 years.
- Loans typically fund up to 90% of value; budget for valuation, legal and stamp duty costs on top.
Frequently Asked Questions
How is mortgage repayment calculated in Kenya?
Using the reducing-balance formula P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1). Most Kenyan mortgages are variable and move with the bank's base rate and the CBK policy rate.
What is the current mortgage rate in Kenya?
Commercial mortgage rates are roughly 12–16% per year in 2026 (CBK rate 8.75%). KMRC-backed affordable mortgages are cheaper at about 9–11% for qualifying buyers.
What is KMRC?
The Kenya Mortgage Refinance Company provides low-cost long-term funds to banks and SACCOs so they can offer affordable single-digit mortgages under the Affordable Housing Programme. Ask a member lender if you qualify.
How much deposit do I need?
Banks typically finance up to 90% of the property value, so a 10% deposit plus valuation, legal and stamp-duty costs. A larger deposit lowers your rate and total interest.
Can I repay my mortgage early?
Yes. Early or extra repayments cut total interest significantly. Check whether your lender charges an early-settlement fee, especially on fixed-rate facilities.