Mortgage calculator Kenya 2026
Kenyan banks charged an average of 13.5% on mortgages at the end of 2025. A Ksh 5,850,000 one-bedroom flat with 10% down over 15 years costs Ksh 68,356 a month at that rate. At a KMRC-backed rate (9% to 9.9%) over 25 years it is Ksh 47,472.
Rules as of October 2026. Updated .
Work out your mortgage
Monthly repaymentKsh 68,356over 15 years
| Price | Ksh 5,850,000 |
|---|---|
| DepositBanks rarely lend the whole price. | Ksh 585,000 |
| Mortgage | Ksh 5,265,000 |
| Total interestOver 15 years at your rate. | Ksh 7,039,165 |
| Mortgage plus interest | Ksh 12,304,165 |
Cash you need on the day
| Deposit | Ksh 585,000 |
|---|---|
| Stamp dutyKsh 40 for every Ksh 1,000 of the price in a municipality, paid before the transfer. | Ksh 234,000 |
| Deposit and stamp dutyValuation and legal fees come on top. | Ksh 819,000 |
The rate filled in is the bank average; KMRC-backed loans run lower. Figures are before the bank's fees, valuation, legal fees and insurance.
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KNBS sale prices by market zone. 10% down; 13.5% over 15 years, or the top KMRC rate over 25 years where the loan is under the Ksh 10,500,000 cap. Ksh.
| Home | Price | Deposit | Bank average, a month | KMRC rate, a month |
|---|---|---|---|---|
| Bedsitter, lower zone | 4,770,000 | 477,000 | 55,737 | 38,708 |
| 1 bedroom flat, lower zone | 5,850,000 | 585,000 | 68,356 | 47,472 |
| 2 bedroom flat, lower zone | 7,380,000 | 738,000 | 86,234 | 59,888 |
| 1 bedroom flat, middle zone | 13,200,000 | 1,320,000 | 154,240 | - |
| 2 bedroom flat, middle zone | 13,400,000 | 1,340,000 | 156,577 | - |
| 3 bedroom flat, middle zone | 14,900,000 | 1,490,000 | 174,105 | - |
| 1 bedroom flat, upper middle | 21,900,000 | 2,190,000 | 255,899 | - |
| 3 bedroom flat, upper middle | 26,800,000 | 2,680,000 | 313,154 | - |
| 3 bedroom maisonette, upper middle | 31,300,000 | 3,130,000 | 365,736 | - |
Mortgages in Kenya, in numbers
- Average rate 13.5%, from 7.5% to 19.6% across banks (CBK, end of 2025).
- Average term 11.5 years; the longest bank terms run to 18.
- Only 30,762 mortgages in the whole country, averaging Ksh 10,000,000. 16.3% of them were bad loans.
- KMRC refinances bank and sacco mortgages at 9% to 9.9% over up to 25 years, for loans up to Ksh 10,500,000 in Nairobi.
- Mortgage interest relief: up to Ksh 30,000 a month of interest on the home you live in comes off your taxable pay.
Buy or rent?
A lower-zone one-bedroom flat sells for about Ksh 5,850,000 and the KNBS average one-bedroom rent in Nairobi is Ksh 8,500. A year of that rent is 1.7% of the price, far under the 13.5% a mortgage costs. In money terms, renting is cheaper for most people for years. People buy for security, not for the sums.
On the example flat you need Ksh 819,000 on the day: the Ksh 585,000 deposit and Ksh 234,000 stamp duty.
Questions people ask
What is the mortgage interest rate in Kenya?
The bank average was 13.5% at the end of 2025, from 7.5% to 19.6%. KMRC-backed loans run at 9% to 9.9%.
How much is the monthly repayment on a Ksh 5 million mortgage?
A Ksh 5,000,000 loan at the 13.5% average over 15 years costs Ksh 64,916 a month. At the top KMRC rate over 25 years it is Ksh 45,083.
How much deposit do I need for a mortgage in Kenya?
Usually at least 10% of the price, plus stamp duty of Ksh 40 for every Ksh 1,000 and legal and valuation fees.
What is mortgage interest relief?
Interest you pay on a mortgage for the home you live in comes off your taxable pay, up to Ksh 30,000 a month. On Ksh 150,000 gross with the example loan it saves about Ksh 9,000 a month in tax.
What is KMRC?
The Kenya Mortgage Refinance Company lends to banks and saccos so they can offer longer, cheaper mortgages: 9% to 9.9% over up to 25 years, up to Ksh 10,500,000 in Nairobi.