Stanbic Bank Kenya is courting prospective homeowners with a discounted fixed mortgage rate of 8.99 percent per year, available for three months, as the lender seeks to lift home loan uptake.
The rate is 7.27 percentage points lower than the average 16.27 percent that the lender currently displays on the cost of credit platform. It is also lower than the average interest rate of 14.9 percent that the banking sector priced mortgages last year.
