Stanbic Affordable Housing Loan
Fixed-rate affordable housing loan at 8.99% p.a. in partnership with Kenya Mortgage Refinance Company. Loans up to KES 10.5 million for affordable housing units.
Last checked on June 16, 2026. We may earn a commission when you click through.
Stanbic Affordable Housing Loan
Updated 4 months agoAPR Range
8.99–12.0%
Amount
Up to KSh10
Term
≤300 months
You'll be redirected to stanbicbank.co.ke
Our Verdict
The Stanbic Affordable Housing Loan offers a competitive fixed rate, making it an attractive option for homebuyers in Kenya. However, potential borrowers should consider their overall financial situation before applying.
Best For
This loan is best for first-time homebuyers looking for affordable housing solutions with predictable monthly payments and interest rates.
Watch Out
Be mindful of the loan's upper limit and ensure that your chosen housing unit qualifies as affordable under the terms set by the lender.
Full Review
The Stanbic Affordable Housing Loan stands out in the Kenyan market for its attractive fixed interest rate of 8.99% per annum. Partnering with the Kenya Mortgage Refinance Company, this loan allows individuals to borrow up to KES 10.5 million, catering specifically to affordable housing units. This makes it a viable option for those looking to purchase their first home or invest in more affordable real estate.
Pros of this loan include the fixed interest rate, which provides borrowers with stability in their monthly payments, making financial planning easier. Additionally, the maximum loan amount is substantial enough to cover many affordable housing options available in the country.
However, potential borrowers should be cautious about the definition of 'affordable housing' as stipulated by the lender, and ensure their chosen property meets these criteria. Also, while the 8.99% rate is competitive, it’s worth comparing this product with other home loans in the market, as some alternatives may offer lower rates or different terms based on individual circumstances.
In summary, the Stanbic Affordable Housing Loan is a solid option for those in the market for affordable housing, but as with any financial product, it’s crucial to assess your financial health and consider all available options before committing.
Similar options
I&M Bank Personal Loan
PersonalAPR
13.0–16.0%
Amount
KSh50k–KSh5M
Term
12–72mo
Best for: This loan is best for existing I&M Bank customers looking for quick access to funds via a user-friendly app.
APR
0.0–120.0%
Amount
KSh500–KSh30k
Term
3–3mo
Best for: This loan is ideal for individuals needing fast cash for emergencies or unexpected expenses, especially those familiar with M-PESA transactions.
KCB M-PESA Loan
PersonalAPR
88.0–107.0%
Amount
KSh50–KSh150k
Term
3–6mo
Best for: Ideal for individuals needing quick cash with a flexible repayment plan based on their savings and payment history.
APR
18.0–22.0%
Amount
KSh5k–KSh2M
Term
6–48mo
Best for: This loan is best for women entrepreneurs and salaried employees in need of financial support. KWFT's focus on women sets it apart in Kenya’s microfinance space.
ABSA Bank Kenya Personal Loan
PersonalAPR
13.0–16.0%
Amount
KSh50k–KSh5M
Term
12–72mo
Best for: Ideal for individuals seeking a substantial unsecured loan with a lengthy repayment period and credit life insurance.
Co-operative Bank Personal Loan
PersonalAPR
15.0–18.0%
Amount
KSh10k–KSh5M
Term
12–72mo
Best for: This loan is ideal for individuals seeking a reliable financing option with manageable repayment terms, particularly if you receive your salary through check-off.