• The objective of Home Loan is to purchase urban residential houses for non-commercial purposes or building an urban residential property for a borrower’s occupancy
• The KMRC backed home loan will be offered as below:
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Affordable Home Loans
Loans extended to Primary Mortgage Lenders to re-finance home loans capped at KES 8 million to individual borrowers whose monthly household income is not more than KES 150,000
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Market Home Loans
Loans extended to Primary Mortgage Lenders to re-finance home loans above the Affordable Housing loans cap, with no income threshold.
NB: The value of the home loan disbursed will not exceed 90% of the project cost/purchase price.