Stanbic Bank Kenya has unveiled a new, limited-time home loan offering at a fixed interest rate of 8.99 per cent per annum, the lowest currently available in the Kenyan market. The promotion, running from November 15th, 2025 to February 15th, 2026, aims to make homeownership more accessible for aspiring buyers.
The initiative comes amid a persistently underdeveloped mortgage market in Kenya. According to the Central Bank of Kenya’s 2023 Bank Supervision Report, only around 26,000 mortgage accounts are active nationwide, while average mortgage interest rates stand at approximately 14.3 per cent. This has left many middle-income earners unable to pursue homeownership.
Stanbic Bank’s offer targets these aspiring buyers by providing financing for properties valued up to KES 10.5 million, with a repayment period of up to 20 years. The move seeks to ease the burden of high interest rates and lengthy approval processes that often hinder access to property ownership.
Speaking at the launch, Mwaura Mwangi, Head of Products at Stanbic Bank Kenya, said: “We believe homeownership is a key milestone tied to financial security and personal achievement for every Kenyan professional. The launch of our 8.99 per cent p.a. home loan is a bold, decisive step to challenge the status quo. It’s a clear, market-leading offer that says: ‘Your home, your future, is now within reach.’ We are not just offering a product; we are delivering the emotional benefit of security and the functional benefit of affordable financing to the growing middle class.”
The bank expects over 1,000 aspiring homeowners to benefit from the initiative, which aligns with its broader commitment to providing inclusive financial solutions and supporting national efforts to expand access to dignified housing.