Mortgage
Co-op KMRC Mortgage
Co-operative Bank of Kenya
Last updated: January 14, 2026
★★★★★
0/5Based on 0 Reviews
Interest Rate
9.9% - 9.9% p.a.
Loan Amount
Ksh 1,000,000 - Ksh 4,000,000
Approval Time
14-30 days
Processing Fee
1%
Rating Breakdown
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Pros & Cons
Pros
- Best mortgage rate at 9.9%
- Up to 100% financing available
- Long tenure up to 25 years
- Low processing fee (1%)
- Free property valuation
- KMRC government backing
Cons
- Property value limit of KES 4M
- Extensive documentation required
- 24 months employment history needed
- Early repayment penalty after 3 years
- High minimum income requirement
Customer Reviews
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Product Details
Features
- Lowest mortgage rate in Kenya at 9.9%
- KMRC-backed affordable housing initiative
- Long repayment period up to 25 years
- Finance up to 100% of property value
- New construction and purchase supported
- No early settlement penalty for first 3 years
- Free property valuation
- Flexible repayment options
- Mortgage protection insurance included
Eligibility Requirements
Age: 21 - 65 years
Min Income: Ksh 80,000/month
Employment: Salaried, Self-employed
Required Documents
- Copy of ID/Passport
- KRA PIN Certificate
- Last 6 months payslips (if employed)
- Last 12 months bank statements
- Employment contract/letter
- Audited accounts (if self-employed)
- Property valuation report
- Title deed (if available)
- Sale agreement or offer letter
Repayment Options
Standing orderCheck-off (for salaried)M-Pesa PaybillBranch paymentDirect debit
Ready to Apply?
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