Cooperative Bank offers one of the cheapest mortgage facilities. Below are the terms for the mortgage:


  • Wide array of mortgage product offerings, that is, purchase, construction and equity release
  • Multi-currency mortgages available in KES, USD, GBP and EUR
  • Efficient processing of your application
  • Higher financing percentages to enable you to own your home with ease
  • Dedicated personal banker to walk you through the process
  • Flexible and competitive rates
  • Automatic qualification for a credit card
  • End-to-end real estate solutions including project financing and end-buyer financing


  • Commitment fees for the mortgage
  • Stamp duty for transfer of property – 4% of property value for Nairobi, Mombasa and Kisumu and 2% of property value for upcountry properties
  • Stamp duty for registration of charge – 0.1% of the loan amount
  • Legal fees – between 1.5% and 2% of the loan amount
  • Valuation fees – approximately 0.25% of the property value
  • Insurance fees – for life cover over the applicant’s life and for fire (and other perils) over the property taken as security for the mortgage

With a stable income, it’s better to take a mortgage than rent a house. You will take over 10 years to pay for the mortgage but eventually the house will be yours.

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February 8, 2024

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