đ Best Mortgages for KES 3,000,000
Compare 4 mortgages that offer KES 3,000,000. Interest rates from 9.5% to 13.5% p.a.
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Mortgages Offering KES 3,000,000
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 3,000,000
| Interest Rate | 6 Months | 12 Months | 24 Months | 36 Months |
|---|---|---|---|---|
| 12% p.a. | KES 517,645 | KES 266,546 | KES 141,220 | KES 99,643 |
| 15% p.a. | KES 522,101 | KES 270,775 | KES 145,460 | KES 103,996 |
| 18% p.a. | KES 526,576 | KES 275,040 | KES 149,772 | KES 108,457 |
| 21% p.a. | KES 531,068 | KES 279,341 | KES 154,157 | KES 113,025 |
| 24% p.a. | KES 535,577 | KES 283,679 | KES 158,613 | KES 117,699 |
* Estimates based on reducing balance method. Actual EMI may vary based on fees and exact terms.
Requirements for KES 3,000,000 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 750,000/month
- âEmployed: Payslips or employment letter
- âSelf-employed: 6+ months bank/M-Pesa statements
- âCollateral may be required
FAQs: KES 3,000,000 Mortgages
Where can I get a KES 3,000,000 loan in Kenya?
You can get a KES 3,000,000 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 3,000,000 loan?
For a KES 3,000,000 loan at 10.5% p.a. over 12 months, you'd pay approximately KES 264,411 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 3,000,000 loan?
Requirements typically include: Kenyan ID/passport, age 18-65, minimum monthly income of KES 900,000 (varies by lender), valid KRA PIN, and good CRB status. Larger amounts may require collateral.
How fast can I get KES 3,000,000?
Digital lenders like Branch and Tala can approve and disburse within 5 minutes for amounts up to KES 50,000. Bank loans for KES 3,000,000 typically take 24-48 hours. M-Pesa loans (Fuliza, KCB M-Pesa) are instant but have lower limits.
Can I get a KES 3,000,000 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 3,000,000, we recommend improving your CRB status first for better rates and higher approval chances.
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