Home Finance List Of The Best Banks In Kenya To Take A Loan For Mortgage

List Of The Best Banks In Kenya To Take A Loan For Mortgage

by John Nyabuto

Firstly, a mortgage is a legal agreement by which a bank or other creditor lends money at interest in exchange for taking the title of the debtor’s property, with the condition that the conveyance of title becomes void upon the payment of the debt.

A mortgage loan, on the other hand, is used by purchasers of real property to raise funds to buy real estate.

Mortgages come in handy for people who want to be homeowners but they don’t have enough funds as at that time.

Everybody is a potential homeowner and below are some of the banks that offer the most flexible loans for mortgages.

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List Of All NIC Bank Branches In Kenya and Codes

1. Standard Chartered Bank Kenya
Annual Interest Rate: 12.2%

2. Citibank Kenya
Annual Interest Rate: 12.5%

3. Commercial Bank of Africa
Annual Interest Rate: 12.9

4. Kenya Commercial Bank
Annual Interest Rate: 13.3%

5. NIC Bank Kenya
Annual Interest Rate: 13.4%

6. Chase Bank
Annual Interest Rate: 13.9%

7. CFC Stanbic Bank Kenya
Annual Interest Rate: 14.1%

8. Barclays Bank Kenya
Annual Interest Rate: 14.4%

9. Diamond Trust Bank
Annual Interest Rate: 14.6%

10. Co-operative Bank
Annual Interest Rate: 14.9%

11. Consolidated Bank
Annual Interest Rate: 15.1%

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