Stanbic Bank Kenya has joined the stable of lenders rolling out home loans backed by the Kenya Mortgage Refinance Company (KMRC), signing agreements with three developers to fund mortgages for home buyers.
The lender said that it is partnering with Superior Homes Kenya, Avic International Real Estate and Safaricom Staff Pension Scheme Registered Trustees in the plan, where it will be pricing mortgages at rates of up to 9.5 percent with a tenor of up to 25 years.
