Co-op Bank is offering young Kenyans an opportunity to finance up to 100 per cent of the cost of a residential property through a mortgage facility of up to Ksh10.5 million. The facility, offered under the Kenya Mortgage Refinance Company (KMRC) mortgage solution, has an interest rate of 9.5 per cent and a repayment period of up to 25 years for salaried borrowers. Evan Mwangi, Acting Head of Retail...
When most people apply for a mortgage, the conversation feels simple: you qualify for a loan, agree on a repayment plan, and move into your new home. What is rarely discussed in depth is what happens after you sign—especially when the economy shifts. Mortgages are long-term financial commitments, often stretching 15 to 25 years. Over that time, economic conditions will change multiple times. Interest...
To truly understand the impact of the Kenya Mortgage Refinance Company (KMRC), you have to look beyond headlines and into the math. A reduction in mortgage interest rates in Kenya from the market average of 15% to KMRC-backed ~9% doesn’t just lower monthly payments—it transforms wealth creation, equity growth, and long-term real estate returns. The Mortgage Scenario Property Value: KSh...
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