Buying an apartment in Kenya? Whether for your home or investment, here’s how to make a smart move 👇
✅ 1. Assess Your Financial Readiness • Review your income, debts & deposit capacity • Use mortgage calculators (KCB, NCBA, Absa) • Keep a good credit score & stable job history
✅ 2. Bank Mortgages • Options: Fixed or Variable Rate Loans • Deposit: 10–20% of property value • Required: Payslips, sale agreement, ID, etc. • Banks: KCB, NCBA, Stanbic, Absa (even off-plan deals!)
✅ 3. SACCO Loans • Lower interest & flexible repayment 💸 • Must be an active SACCO member • Loans often 3x your savings + guarantors • Repayment period up to 15 years
✅ 4. Developer Payment Plans • Ideal for off-plan apartments 🏗️ • Pay in instalments over 12–36 months • No bank approval needed & flexible terms • ⚠️ Confirm developer is NCA registered & project has title docs
✅ 5. Mortgage Refinance / Home Equity Loans • Use your existing property to buy another • Ask your bank about refinancing or top-up loans
✅ 6. Joint Investments / Partnerships • Team up with friends or family to buy property together • Have a legal agreement detailing contributions & ownership • Use a lawyer + escrow account for safety • Great for Airbnb or rental projects
✅ 7. Government Affordable Housing Schemes • Explore the Affordable Housing Programme (AHP) • Pay via Tenant Purchase Scheme (TPS) or KMRC mortgages • Register on the Boma Yangu portal 🏡
