Homebuyers can now take up to KES 100 million.
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Mortgages

Choosing the right mortgage is important. Find out about Standard Chartered's mortgage financing solutions, which are tailor made to suit the needs of you and your family. We offer highly competitive mortgage rates in Kenya.

Here's how:

Loan amounts up to KES 100 million

Homebuyers can now borrow up to KES 100 million, which means you will never have to compromise on the house you really want for yourself and your family. What's more you enjoy all these other benefits:

  1. Longer loan periods up to 25 years
  2. Available to business owners
  3. Available to non-resident Kenyans
  4. Available to expatriates
  5. Faster processing
  6. Own a holiday or investment home
Longer repayment periods
Longer Loan Periods

With longer loan tenure periods of up to 25 years, your monthly repayments become so much more affordable. Plus you enjoy all these benefits:

  1. Higher loan amounts up to KES 100 million
  2. Available to business owners
  3. Available to non-resident Kenyans
  4. Available to expatriates
  5. Faster processing
  6. Own a holiday or investment home
Competitive Interest rates as low as 13.4%

Our Home Solution gives you access to competitive rates on your Home Loan. Along with your Home Loan, you also receive a current account and a pre-approved credit card. What's more you enjoy all these additional benefits:

  1. Higher loan amounts up to KES 100 million
  2. Longer loan periods up to 25 years
  3. Available to business owners
  4. Available to non-resident Kenyans
  5. Available to expatriates
  6. Faster processing
  7. Own a holiday or investment home

*13.4% is a variable interest rate calculated per month. Other costs associated with a mortgage include: arrangement fees, stamp duty, legal fees and valuation fees. These costs are dependent on the amount of mortgage advanced.

Available to business owners

The loan is now available to business owners like you to ensure we help you meet your goals by providing you with the right options. Plus you enjoy all these benefits:

  1. Higher loan amounts up to KES 100 million
  2. Longer loan periods up to 25 years
  3. Available to non-resident Kenyans
  4. Available to expatriates
  5. Faster processing
  6. Own a holiday or investment home
Non-resident Kenyans

Kenyans working outside the country can buy a property as an investment or as a place to stay when they return home.

How to get apply for a mortgage loan:

  1. Once you have identified the property you wish to purchase, obtain a letter of offer from the seller or a sale of agreement. This should be signed by yourself as the purchaser and seller
  2. Send an email to us (talk.to-us@sc.com) detailing your mortgage requirements
  3. We'll then respond to you based on your requirements and send you a mortgage application form and account opening forms for those not banking with us
  4. Complete the forms and send them back to us together with the required application documents, which will include the letter of offer and the sale agreement
  5. Once the bank receives the mortgage application forms and the required documents, we'll do a preliminary analysis
  6. If you qualify, we shall send you a banking facility letter which stipulates the mortgage terms and conditions
  7. If the terms and conditions are acceptable to you, you will be required to sign and return the banking facility letter to us. If you have not already provided a copy of the title deed, we will require one at this point
  8. We'll then request a Bank Valuer to value the property at your cost
  9. If the valuation report is okay, the bank lawyers will then take up the process for registering the charge and transferring the property to you at your cost. Once the registration is done and the title deed is in our possession we release the funds to the seller
  10. All required copies have to be certified by a Standard Chartered Bank Official or a Notary Public

Non-resident Mortgage product features

  • Maximum tenure – 20 years (This will depend on the employment contract and the retirement age)
  • Loan to value ratio – 85% (Value as determined by a Standard Chartered appointed valuer)
  • You will be required to open a Current Account with Standard Chartered and set up an irrevocable standing order from your foreign account to this account from which we will recover the monthly repayment to the mortgage
Expatriates

All these enhanced features and benefits are now also available to expatriates regardless of how long you have lived in the country. What's more you enjoy all these benefits:

  1. Higher loan amounts up to KES 100 million
  2. Longer loan periods up to 20 years
  3. Available to business owners
  4. Faster processing
  5. Own a holiday or investment home
Faster processing

Can't wait for your loan? You no longer have to. If you are topping up or transferring your loan to us, you will get your funds sooner while we take care of the paperwork plus you enjoy all these benefits:

  1. Higher loan amounts up to KES 100 million
  2. Longer loan periods up to 25 years
  3. Available to business owners
  4. Available to non-resident Kenyans
  5. Available to expatriates
  6. Own a holiday or investment home
Invest in a holiday home
Looking for a holiday or investment home?

If you have an opportunity to invest in a holiday home, then we have the ideal solution for you. Our new enhanced mortgage loan is now available to purchase holiday homes for valued customers such as you.

  1. Higher loan amounts up to KES 100 million
  2. Longer loan periods up to 25 years
  3. Available to business owners
  4. Available to non-resident Kenyans
  5. Available to expatriates
  6. Faster processing

Eligibility

    • All Kenyan citizens, permanent residents or expatriates are eligible
    • Maximum age at the end of the mortgage term must be 60 or retirement age, whichever is earlier
    • Salaried customers or directors of reputable companies or well-established SMEs with demonstrable and verifiable monthly income for the past 12 months
    • Professionals and consultants who earn a regular monthly income and are purchasing a residential property for owner occupation

     

  •     Documents Required
    • Completed and signed application form
    • Certified copies of last 3 pay slips
    • Certified letter from employer stating terms of employment
    • Certified copy of ID / passport
    • Copy of PIN certificate
    • Sale agreement
    • Documentary evidence of any other income
    • Certified copies of bank statements for 12 months (for non-Standard Chartered customers)
    • 3 colour passport-sized photos (for non-Standard Chartered customers)
    • Copy of title deed

    *Requirements may be more or vary for Kenyans residing out of the country

    Requirements for a Mortgage Transfer

    • Mortgage statement for the last 6 months
    • Completed and signed application form
    • Certified copies of last 3 pay slips
    • Certified letter from employer stating terms of employment (it should include your pay / position / duration of service / retirement age)
    • Certified copy of ID / passport
    • Copy of PIN certificate
    • Documentary evidence of any other income
    • Certified copies of bank statements for 12 months (for non-Standard Chartered customers)
    • 3 colour passport-sized photos
    • Copy of title deed

Fees and Charges

Facility arrangement fee: 1% of loan amount (Minimum KES 10,000)

Other Costs you will be expected to meet

  1. Legal costs and stamp duty – varies depending on property value and location
  2. Fire (property) insurance – comprehensive insurance with the Bank's interest duly noted
  3. Mortgage protection insurance for the borrower – to safeguard the borrower during the mortgage term
  4. Valuation fees – upon approval of application, the property should be valued

FAQs

    • What is a mortgage?

      A mortgage is a loan advanced to the customer by the bank towards the purchase or construction of a property. The customer provides the bank with his / her property as a security.

    • What is a variable interest rate?

      A variable interest rate is where the interest rate changes from time to time based on the prevailing economic environment.

    • Can I make lump sum payments into my loan account?

      Yes. The bank allows you to make lump sum payments into your mortgage loan account. You however need to advise us whether you would like the amount to be applied as a capital repayment.

    • What bank charges apply when taking out a personal home loan?

      There is an arrangement fee that the customer is expected to pay upon acceptance of the loan. It is 1% of the loan amount (minimum KES 10,000.00).

Learn more »

Calculator

Please fill in the following information for an estimation of your repayment amount. The Approximate Monthly Repayment figure for the mortgage is indicative and is not meant to be final or binding on the Bank. The Bank reserves the right to determine the final amount that can be borrowed.

13.4%

14%

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