Before approaching a bank for a financial form you have to consider a few factors. The most important factor is reading the terms and conditions not forgetting the loan repayment period, cost percentage and interest rates. The same factors apply when looking for a mortgage loan.
The following are some of Kenyan Banks that provide mortgage and what they charge as annual interest rates.
- Standard Chartered Bank 12.2%
- Citibank Kenya 12.5%
- Commercial Bank of Kenya 12.9%
- KCB Bank 13.3%
- NIC Bank Kenya 13.4%
- CFC Stanbic Bank Kenya 14.1%
- Barclays Bank of Kenya 14.4%
- Co-operative Bank 14.9%
- Consolidated Bank 15.1%