Owning a house is one dream that most people have, it’s no lie that many have gone to an extra mile to build a house.
As the urge of building a house stucjs in Kenyans minds we’ve seen the rise of most mortgage companies.
In this article we’ll take a look at some of Kenya’s financial companies offering mortgage loans. But before we get there let me introduce you to the type of mortgage loans offered in Kenya.
There are two types of Mortgages;
1. Fixed rate mortgages
The borrower will owe a percentage of the loan as interest. This amount never changes and remains constant over the life of the loan.
2. Variable/Adjustable rate mortgages
In this type of loan, changes in the credit market are reflected in the repayment rates. Equal repayments are made on a reducing balance. Part of the interest rate risk is transferred from the lender to the borrower.
Variable rate mortgages are widely used where fixed rate funding is difficult to obtain or prohibitively expensive.
Investments & Mortgages Bank Ltd (I&M Bank)
Address: I&M Bank Tower, Kenyatta Avenue,
P.O. Box 30238 – 00100 Nairobi GPO, Kenya
Cell: 0719 088 001,0732 100001
Rafiki Microfinance Bank Headquarters
Head office Biashara Street
P.O. Box 12755-00400
Telephone: 0711 073 000
Mobile:0730 170 000,
HF Group (Housing Finance)
Head Office: Rehani House, Kenyatta Avenue / Koinange Street
Mobile number: 0709 438 000 & 0709 438 888
Toll Free number: 0800 721 400
Consolidated Bank of Kenya Ltd.
Consolidated Bank House, 6th Floor, Koinange Street.
P. O. Box 51133 – 00200, Nairobi
Telephone: +254-20-340208/340836,340551, 340298, 340747,340298,211950,0722-999177
Kenya Commercial Bank Ltd
Kencom House, 8th Floor, Moi Avenue.P. O. Box 48400 – 00100, Nairobi
Telephone: +254-20-3270000, 2851000, 2852000, 250802
Equity Bank Ltd.
Equity Centre,9th Floor, Hospital Road, Upper Hill
P. O. Box 75104-00200, Nairobi
Telephone: +254-20- 2262000
Diamond Trust Bank Kenya Ltd.
Nation Centre, 8th Floor, Kimathi Street.
P. O. Box 61711 – 00200, Nairobi
Telephone: +254-20-2849000, 2210988/9
Co-operative Bank of Kenya Ltd
Co-operative House, 4th Floor Annex, Haile Selassie Avenue.P. O. Box 48231 – 00100 Nairobi
Telephone: +254-20-3276000, 0711-049000
Commercial Bank of Africa Ltd.
CBA Building, Mara/Ragati Road, Upper Hill
P.O. Box 30437– 00100, Nairobi
Telephone: +254-20-2884000, 2734555, 0711056222-15
CFC Stanbic Bank Ltd.
CFC Centre, Chiromo Road, Westlands
P. O. Box 72833 – 00200 Nairobi
Telephone: +254-20-3638000. /11 /17 /18 /20 /21, 3268000, 0711-0688000
Barclays Bank of Kenya Ltd.
Barclays Plaza, Loita Street
P. O. Box 30120 – 00100, Nairobi
Telephone: +254-20- 3267000, 313365/9, 2241264-9, 313405,
Bank of Africa Kenya Ltd
Re-Insurance Plaza, Ground Floor, Taifa Rd
P. O. Box 69562-00400 Nairobi
Telephone: +254-20- 3275000, 2211175, 3275200