Stanbic Bank Kenya has introduced a new, limited-time home loan offering at a fixed interest rate of 8.99%. This is the lowest mortgage rate currently available in the Kenyan market.
Customers buying homes between 15th November 2025 to 15th February 2026 will pay mortgages at 8.99% annually, under the offer.
Stanbic Bank’s limited time offering addresses the needs of aspiring buyers whose homeownership goals are often constrained by high interest rates and complex approval processes. The offering is applicable to property values of up to Ksh 10.5 million, with a repayment period of up to 20 years.
Stanbic Bank Kenya, Head of Products, Mwaura Mwangi, said: “We believe homeownership is a key milestone tied to financial security and personal achievement for every Kenyan professional. The launch of our 8.99% p.a. home loan is a bold, decisive step to challenge the status quo. It’s a clear, market-leading offer that says: ‘Your home, your future, is now within reach.’ We are not just offering a product; we are delivering the emotional benefit of security and the functional benefit of affordable financing to the growing middle class.”
There were 26,000 active mortgage accounts across Kenya, according to the Central Bank of Kenya’s 2023 Bank Supervision Report. With average mortgage interest rates of 14.3%, many middle-income earners find homeownership financially out of reach.