đ Best Mortgages for KES 2,000,000
Compare 4 mortgages that offer KES 2,000,000. Interest rates from 9.5% to 13.5% p.a.
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Mortgages Offering KES 2,000,000
Stanbic KMRC Home Loan
Stanbic Bank Kenya
9.5% - 9.5%p.a.
KES 1,000,000 - 4,000,000
60 - 300 months
Co-op KMRC Mortgage
Co-operative Bank of Kenya
9.9% - 9.9%p.a.
KES 1,000,000 - 4,000,000
60 - 300 months
Equity Home Loan
Equity Bank Kenya
11% - 13%p.a.
KES 500,000 - 50,000,000
60 - 300 months
KCB Home Loan
Kenya Commercial Bank
11.5% - 13.5%p.a.
KES 500,000 - 100,000,000
60 - 300 months
Monthly Payment Estimates for KES 2,000,000
| Interest Rate | 6 Months | 12 Months | 24 Months | 36 Months |
|---|---|---|---|---|
| 12% p.a. | KES 345,097 | KES 177,698 | KES 94,147 | KES 66,429 |
| 15% p.a. | KES 348,068 | KES 180,517 | KES 96,973 | KES 69,331 |
| 18% p.a. | KES 351,050 | KES 183,360 | KES 99,848 | KES 72,305 |
| 21% p.a. | KES 354,045 | KES 186,228 | KES 102,771 | KES 75,350 |
| 24% p.a. | KES 357,052 | KES 189,119 | KES 105,742 | KES 78,466 |
* Estimates based on reducing balance method. Actual EMI may vary based on fees and exact terms.
Requirements for KES 2,000,000 Mortgages
Basic Requirements
- âKenyan citizen or resident (ID/Passport)
- âAge 18-65 years (varies by lender)
- âValid KRA PIN certificate
- âActive mobile money account (M-Pesa)
Income Requirements
- âMinimum income: ~KES 500,000/month
- âEmployed: Payslips or employment letter
- âSelf-employed: 6+ months bank/M-Pesa statements
- âCollateral may be required
FAQs: KES 2,000,000 Mortgages
Where can I get a KES 2,000,000 loan in Kenya?
You can get a KES 2,000,000 loan from 4+ lenders including Stanbic Bank Kenya, Co-operative Bank of Kenya, Equity Bank Kenya. Interest rates start from 10.5% p.a. Compare all options on PesaMarket to find the best rate for your needs.
What is the monthly payment for a KES 2,000,000 loan?
For a KES 2,000,000 loan at 10.5% p.a. over 12 months, you'd pay approximately KES 176,274 per month. Use our EMI calculator for exact figures based on your chosen loan term and interest rate.
What are the requirements for a KES 2,000,000 loan?
Requirements typically include: Kenyan ID/passport, age 18-65, minimum monthly income of KES 600,000 (varies by lender), valid KRA PIN, and good CRB status. Larger amounts may require collateral.
How fast can I get KES 2,000,000?
Digital lenders like Branch and Tala can approve and disburse within 5 minutes for amounts up to KES 50,000. Bank loans for KES 2,000,000 typically take 24-48 hours. M-Pesa loans (Fuliza, KCB M-Pesa) are instant but have lower limits.
Can I get a KES 2,000,000 loan without CRB check?
Most formal lenders check CRB, but some digital lenders like Fuliza and Tala may approve first-time borrowers or those with minor CRB issues. For KES 2,000,000, we recommend improving your CRB status first for better rates and higher approval chances.
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