Banks in Kenya

Hi Tschaubella!

I hope other members will be able to help you soon

Regards
Armand

Hi,  You really have to shop around for the best rates, as with anywhere else.  International banks such as Barclays and Standard Chartered are worth a look, as is Equity Bank.

Please bear in mind that interest rates for mortgages are quite high, I think in the region of 15% and an 80% mortgage is the maximum that you can get.  I believe mortages are repayable in something like 15 years, but you would have to check as it is some time since I enquired about a mortgage.

It is difficult to get a mortgage from a bank unless you are already a customer, but electronic credit checks are just being introduced, so this might be easier too.

Also, consider that some property developers allow you to spread payments over a period of 6 months to a year.

Good luck.