Browsing: Home acquisition

Kenya has unveiled a mortgage refining facility-Kenya Mortgage Refinance Company (KMRC), a short in the arm in President Uhuru Kenyatta’s affordable housing scheme under the Big Four Agenda. KMRC will provide long-term funds to primary mortgage lenders in order to increase the availability and affordability of mortgage loans to Kenyans. It will help address the housing deficit in Kenya which currently stands at 150,000 units annually on an annual demand of 200,000.

NCBA, State Agency roll out affordable mortgage facility

Investing
  • NCBA in partnership with the Kenya Mortgage Refinance Company (KMRC) has rolled out a home acquisition initiative that will enable Kenyans own a home at affordable interest rates.
  • The proposition will allow NCBA customers to own homes starting from 9.5 percent interest rate. 
  • The mortgage loan will be used to acquire new homes or to construct for residential purposes, in major towns across the country.

NCBA in partnership with the Kenya Mortgage Refinance Company (KMRC) has  rolled out a home acquisition initiative that will enable Kenyans own a home at affordable interest rates.

The proposition will allow NCBA customers to own homes starting from 9.5 percent interest rate with up to 25 years repayment and 105 percent home financing, with a limit of a loan amount of up to Sh6 Million to be issued.

The mortgage loan will be used to acquire new homes or to construct for residential purposes, …