The Kenya Mortgage Refinance Company (KMRC) is a non-deposit taking financial institution established in 2018 under the Companies Act 2015. Its mandate is to provide long-term funds to primary mortgage lenders for purposes of increasing availability of affordable home loans to Kenyans. KMRC is providing concessional, fixed, long-term finance to the primary lenders who include banks and Saccos so that they can transfer the same benefits to ‘wananchi’, making home loans more accessible to especially the moderate to low-income earners in the country.
Apply for a loan or switch your loan to us. You can buy, build, or renovate your home, plus get access to equity release. Fully Shari’ah-compliant mortgages are available. We guarantee to inform you of your loan approval within 48 hours of submitting all required documentation.
Scroll to discover the loan options available to you, or use the home loan calculator to determine how much you can afford and what your repayment will be.
KMRC-funded home loan
Absa Affordable Home Loan is funded by KMRC for both straight purchase and construction with the following parameters:
- Affordable housing financing up to Kes 10.5 million for a low rate from 9% interest p.a. (fixed rate)
- Borrow up to 105% financing with repayment terms of up to 25 years
- Security charge over property applicable
- Available for property in Kenya only
- Available also for Kenyans in the diaspora
Buy a home
With an Absa Mortgage loan, you can buy the home of your dreams and move in without a hassle.
- Absa Mortgage loans are available at 17.5% interest per annum on reducing balance
- Maximum Loan Limit; customers affordability
- Borrow up to 90% of the property value with repayment of up to 25 years
- Borrow up to 80% on a business home loan with repayment of up to 20 years
- Security charge over property applicable
- Available for property in Kenya only
Remortgage your home
If you already have a mortgage loan you can transfer it to Absa and benefit from excellent benefits such as competitive interest rates and flexible repayment terms.
- Value of property must be more than KES2m (Nairobi) and KES1.5m (up country)
- Interest rate of 17.5% per annum on reducing balance
- 0% deposit required and up to 25 years tenure depending on retirement age
- Discharge and charge over property applicable as security
Construction loan
Build your home exactly as you want it. We offer up to 12 disbursements to help you keep track of your building project. Bill of quantities (BQs) must be drawn by independent and qualified quantity surveyor.
- Up to 100% finance if you own the property (subject to value of land)
- Maximum 20-year payback period
- Fixed-price contract for amount above KES10m
- 9-month moratorium during construction after which repayment starts
- Interest paid only on the amount drawn
- Building plans must be approved
- Construction site must be urban property intended for residential use
- Pre and post-construction evaluation fees are applicable
- Stage valuations are done throughout the construction process
Equity release loan
The value of your property can be used to release funds that you need for emergencies, renovations, projects or any other purpose.
- Up to 80% of the value of your property in cash
- Repayment period of 15 years
- Value of property needs to be more than KES2m (Nairobi) and KES1.5m (up country)
- Security charge over property is applicable
- Valuation fees are 0.25% of property value
Calculate your affordability and monthly repayment
Approximate percentage of mortgage amount
- Transfer stamp duty: 4% of home value/2% for rural areas
- Stamp duty on charge: 0.10%
- Negotiation fees: 1%-2%
- Legal fees: 1.20%
- Fire insurance: 0.13%
- Home loan protection cover: 0.30%
- Valuation fees: 0.25% of value of property
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Kenya Mortgage Refinance Company
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Villa Care Limited
Villa Care Ltd is a real estate services firm focused on delivering high quality and customized services to individuals, the private sector and government clients in Kenya. The firm, duly incorporated under the companies Act Cap 486 in 1994, began operations with a team of only four members of staff but has now grown to over two hundred and the initial five clients have multiplied many times over.
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Karibu Homes
Karibu Homes
Your home is a special place. It is where you share your life with your family, where you can provide your children with the childhood they deserve, where you invite your friends to enjoy themselves, where you rest your head in the company of those you love at the end of a long day. What we call home is central to our lives and it should be a source of pride that confers dignity and respect.
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Sunland
Sunland Real Estates Limited (Sunland) is a vibrant professional real estate firm committed to providing superior services to our clients. Drawing on our people’s in-depth experience, Sunland provides consistent and client focused services. We offer a most comprehensive portfolio of service.
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Lyndsay Enterprise Limited
Residences can be classified by, if, and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residents might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.
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Realty Plus Limited
Realty Plus Limited based in Nairobi, Kenya, was founded in 2011 with the goal of providing professional property agency and advisory services.Whether you are looking for a property manager or seeking to buy, sell or lease property, Realty Plus Limited will meet your needs.We have a growing portfolio of managed property and a healthy database of happy property vendors, purchasers, tenants, landlords and delivery partners.
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HassConsult Limited
HassConsult Limited was formed in 1992 with a vision to establish a comprehensive Real Estate firm that reinvented the market patterns by introducing transparency, integrity and professionalism in a market calling for more global standards.HassConsult with its wealth of experience continuously reaps new benefits from opportunities presented by changing market dynamics as well as evolving business and property cycles.
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Mi Vida
Mi Vida is an institutional homebuilder formed through a Kshs 12bn joint venture between Actis, a leading investor in growth markets across Africa, Asia and Latin America and Shapoorji Pallonji Real Estate, the real estate arm of one of India’s largest construction conglomerates, with a group presence in over 70 countries and with projects today across fifteen countries in Africa. The joint venture will help solve today’s issues around quality, affordability and delivery within the middle-income housing sector.
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Vaal Real Estate
VAAL is one of Kenya's leading construction and real estate service providers offering wider reach and rigorous quality standards to our clients for over 15 years. Our staff has international experience handling projects across Turkey, Egypt, Ghana and Kenya, bringing international best practice to build on local expertise.
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Tilisi Views
Tilisi Views is Tilisi’s very own residential estate. They are building a total of 186, 3 & 4 bedroom homes on approximately 41 acres overlooking the wonders of Tigoni. It is a 400 acre master planned and mixed use development with various zones ranging from residential, education, medical, recreational, commercial and light industrial.
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Edenville
Edenville is a plush, gated community development, situated in the midst of coffee plantations off Kiambu Road and offers a beautiful, leafy outlook for its residents. After the success of the first phase which consisted of 345 villas, the second phase, comprising of 404 maisonettes was launched and has now been completed.
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Kings Serenity
Kings Serenity are magnificent 2-bedroomed apartments located in Ongata Rongai, developed by Kings Developers Ltd. The apartments are designed with our clients in mind, offering the best at clearly affordable prices. Boasting the best living standards, Kings serenity offers: spacious, well lit interiors with high-end finishes, communal spaces, solar lit common areas, cabro paved walkways and jogging tracks. Join us to your home of serenity.
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Ark by Chevis Company Ltd
Ark by Chevis Company Ltd
Ark Real Estate is built on an understanding of the market, an appreciation for the needs of landlords and tenants and an ability to adapt to future requirements of both existing and prospective landlords and tenants. We are known by our clients as responsive and provide premier solutions to meet tenancy requirements.
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Unity Homes
Unity Homes is a leading property developer of residential communities in Kenya. The company’s mission is to mass produce investment-grade affordable housing, with a focus on community to enhance lives and secure futures.
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Tangelo Residency
Tangelo Residency is a modern block of apartments built in a friendly environment and green neighborhood. It is located along Getathuru Rd Kabete just 10 Minutes’ drive to Westland’s and 17km from the CBD . Enjoy the breathtaking views overlooking the Ngong Hills, Aberdare Forest, Tigoni Green Tea Vegetation, Kilimambogo and Coffee Plantations.
At the Tangelo Residency you don't have to worry about water, electricity, and security.
The Tangelo Residency has a total of 42 units, mainly 2 and 3 bedrooms.
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Revohouse
Revo Homes offers a limited collection of 29, 3-bedroom all-ensuite bungalows within a secure gated community at 7.5M. Divided into 3 phases of 10-9-10 units each. Phase 1, currently on sale and ready for occupation consists of 10 exclusive units with 50% sold. Each unit at Revo Homes comes with a termless lease title, providing secure ownership and peace of mind for homeowners. Revo Homes offers a unique blend of modernity, comfort, and sustainability in a secure gated community. Revel in modern finishes throughout your home, creating a contemporary and sophisticated ambiance. Revo Homes is the perfect choice for discerning buyers seeking their dream home.
Need more help?
Call us on:
+254 (20) 3900000 (Landline)
+254 (722) 130120 (Mobile)
+254 (732) 130120 (Mobile)
Email us:
absa.kenya@absa.africa
