By Ken Muthomi - Reporter
Kenya, 5 May 2026 - KCB Bank has announced a new partnership with Centum Real Estate, which will introduce a new mortgage offering to make homeownership more accessible to Kenyans.
The partnership is designed to introduce a discounted mortgage rate of 8.9 per cent, fixed for up to 25 years under a scheme supported by the Kenya Mortgage Refinance Company (KMRC).
In practical terms, a KSh2.5 million studio unit would cost approximately KSh20,809 per month over 25 years. On the other hand, a KSh 5 million one-bedroom unit would require about KSh 41,618 per month, while a Ksh10 million home would cost roughly KSh 83,236 per month.
The bank has noted that similar repayment estimates would be applied to a buy-and-build option under the same terms.
“For many people, the dream of owning a home feels distant the moment they hear the full price. KCB Bank and Centum RE want to change that conversation,” a joint statement read.
“ Instead of asking only, ‘How much does the home cost?’, this new partnership invites customers to start with a more practical question: ‘What can I comfortably pay every month?’ he added.
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Speaking at the signing ceremony, KCB Bank Director of Mortgage Business, Caroline Wanjeri, said the initiative is intended to help customers clearly understand the terms of home ownership and approach the process with confidence.
On the other hand, Centum Real Estate Managing Director, Kenneth Mbae, noted that the partnership will be fundamental in not only providing a predictable financing model, but also quality homes.
“A good home should be more than something people admire from a distance. It should be something they can understand, plan for, and move toward with confidence. That is the spirit behind this partnership,” Mbae said.
The two parties maintained that the partnership reflects a shared goal of simplifying housing finance and aligning it with everyday household budgets, which is expected to expand mortgage financing in the country.