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Which bank in Kenya offers the best mortgage rates currently?
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lexbengo
#1 Posted : Thursday, April 05, 2012 12:54:01 PM
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Joined: 9/7/2011
Posts: 26
My chama wants to invest in buying a property in Isinya and we would need to get a mortgage from the bank. Which bank could offer the best rate at affordable repayment terms?

Rink: http://www.askkenyans.com/Investing/Which-bank-in-Kenya-offers-the-best-mortgage-rates-currently?_123
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propertyzote
#2 Posted : Thursday, April 05, 2012 2:59:44 PM
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Joined: 8/25/2010
Posts: 283
Location: Nairobi
lexbengo,
You may find a complied rate comparison on the rates here. http://www.propertyzote....topic.php?f=4&t=921

Regards.
www.propertyzote.com the ultimate ‘one stop online shop’ of choice connecting more people with more properties at the click of a button
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lisaox
#3 Posted : Monday, July 28, 2014 1:03:17 PM
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Joined: 7/4/2010
Posts: 118
Currently Stanchart tops them all at 11 percent. Very attractive.
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webish
#4 Posted : Monday, July 28, 2014 2:46:54 PM
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Joined: 10/19/2009
Posts: 671
Location: Nairobi
lisaox wrote:
Currently Stanchart tops them all at 11 percent. Very attractive.


Whats the fixed rate? I'm sure this 11 has a *

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bird_man
#5 Posted : Monday, July 28, 2014 3:04:32 PM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
webish wrote:
lisaox wrote:
Currently Stanchart tops them all at 11 percent. Very attractive.


Whats the fixed rate? I'm sure this 11 has a *

Very attractive until you find out what * means!
I got info from an insider that for the 10.9% mortgage:
-You need to move your salary account to them
-Need to apply for Gold or Platinum credit card (3.5% interest per month,6K maintenance charge per year)
-Need to utilize the credit card limit lest they revert loan to old rates.
-Interest is variable & pegged on KBBR rate hence variable.
Formally employed people often live their employers' dream & forget about their own.
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icecube
#6 Posted : Monday, July 28, 2014 4:03:13 PM
Rank: Member


Joined: 1/2/2008
Posts: 268
Location: Nairobi
bird_man wrote:
webish wrote:
lisaox wrote:
Currently Stanchart tops them all at 11 percent. Very attractive.


Whats the fixed rate? I'm sure this 11 has a *

Very attractive until you find out what * means!
I got info from an insider that for the 10.9% mortgage:
-You need to move your salary account to them
-Need to apply for Gold or Platinum credit card (3.5% interest per month,6K maintenance charge per year)
-Need to utilize the credit card limit lest they revert loan to old rates.
-Interest is variable & pegged on KBBR rate hence variable.


Serious conditions indeed!
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kasibitta
#7 Posted : Friday, August 01, 2014 3:55:23 PM
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Joined: 2/7/2014
Posts: 155
@lexbongo...check on the hass consulting website. hassconsult.co.ke and you will get the rates as at 2nd quarter of the year.the lowest was the stanchart one with real terms and conditions as indicated above and the highest coz they list for 20 banks was 18%.

All the best
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