Mortgage Rates are not cheap in Kenya,while some banks charge exorbitantly there are others which charge relatively low interest rates.We have listed them below in ascending order.
Bank Interest Rates on Mortgage
Standard Chartered Bank 12.3%
Barclays Bank 14.9%
National Bank of Kenya 15.45%
CFC Stanbic Bank 15.5%
I&M Bank 15.63%
A mortgage is a lifetime commitment which require an individual to think hard before committing in a mortgage.You can either buy and apartment,a bungalow or a mansion but it all depends on financial muscles and the interest charged on the mortgage.