All about loans in Kenya
Type of mortgage: Your risk tolerance will determine the type of mortgage you take. While a fixed mortgage helps you budget since the monthly payments are fixed, you may end up paying more in the long run. A variable mortgage can help you pay less in interest if rates drop – […]
For first-timers, navigating the mortgage process can be a tad overwhelming. It can take over 2-5 months with many meetings with your lender. While it’s not the most complex homeownership route, understanding how it works can help you streamline the process, save time, and get the best deal. But before […]
In the current Kenyan market, several options are available for you to acquire a home. First, you could buy it through an instalment plan, pay in a lump sum or go the mortgage way. Today we shall talk more about the mortgage option by shedding light on the two common […]
Although construction loans in Kenya can be costly with comparatively high-interest rates, the fact is- we’ve seen developers who’ve calculatedly leveraged them for successful real estate projects. On the flip side, however, reports from various banks show that a fair number of the funded projects usually bite the dust. And as […]
So you have decided to purchase a commercial property for investment, which one of the commercial mortgages will you have you choose from? Mortgage loans can be divided into two categories: Owner-occupier mortgages: This is used to buy a property that will be used as trading premises for your business. Commercial […]
Mortgages are becoming more accessible, and a conventional way which buyers are using to acquire properties. Mortgages are mainly being used to purchase homes. Therefore, buyers take mortgages to assist them in purchasing a property. Most of the creditors in Kenya will require the borrower to provide a title deed as […]
In Kenya, banks are the leading mortgage lenders. However, insurance companies and other financial institutions offer mortgage loans to Kenyans. In 2018, the Finance Cabinet Secretary, Henry Rotich, announced the Kenya Mortgage Refinancing Company (KMRC) formation. The non-bank financial institution aimed to offer affordable long-term funding. As a result, banks and other […]
Raising a high down payment is a sure way of getting a great mortgage deal. Buying a home is the most expensive transaction that most Kenyans will ever make. Since most people do not have that kind of money in cash, a mortgage — in which you borrow cash from […]
How to access student loans is what every student should learn how to do in case of any future emergency. Education is an investment, and it is often worth it to borrow money to finance your studies. If you cannot pay for college through scholarships and work-study programs, you may be required […]
This is a savings account that allows M-Shwari customers to save for a defined purpose and for a specified amount of time. The funds saved on the M-Shwari Lock Savings account will be kept in the account until the maturity date; this maturity date is determined by the customer upon […]