đ Loans for Home Improvement & Renovation in Kenya
Upgrade your home with affordable financing. Compare home improvement loans for renovations, repairs, extensions, solar installation, and property upgrades.
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Best Loans for Home Improvement
4G Capital SME Working Capital Loan
4G Capital
0.75% - 0.9% p.a.
KES 5,000 - 3,000,000
KWFT Biashara Business Loan
Kenya Women Microfinance Bank
1.5% - 2% p.a.
KES 5,000 - 2,000,000
Mogo Car Logbook Loan
Mogo Kenya
2.5% - 4% p.a.
KES 50,000 - 5,000,000
Watu Motorbike Financing
Watu Credit
2.99% - 4.5% p.a.
KES 40,000 - 350,000
Lipa Later Merchant Advance
Lipa Later
3% - 5% p.a.
KES 10,000 - 1,000,000
Marble Capital Biashara Loan
Marble Capital Solutions
3% - 5% p.a.
KES 50,000 - 2,000,000
Letshego Personal Loan
Letshego Kenya
5.25% - 24% p.a.
KES 250 - 500,000
Tips for Getting Home Improvement Loans
- đĄGet contractor quotes before applying to know exact amount needed
- đĄConsider asset-backed loans for lower rates on larger renovations
- đĄSome banks offer specific home improvement products
- đĄSolar financing often has special low-rate programs
- đĄKeep 10-20% buffer for unexpected renovation costs
Frequently Asked Questions
What loan can I use for home renovation in Kenya?
Options include: Personal loans (KES 100K-5M at 13-18% p.a.), home improvement loans from KCB and Equity, asset finance for major renovations, and development loans if you have land title. For smaller projects, digital loans up to KES 100,000 work well.
Can I get a loan to build a house in Kenya?
Yes, construction loans are available from banks like KCB, NCBA, and Housing Finance. Requires land title as collateral, approved building plans, and minimum 20% deposit. Rates range from 13-16% p.a. with terms up to 20 years. Disbursement is typically in phases.
How much can I borrow for home improvement?
Home improvement loans range from KES 100,000 for minor repairs to KES 10 million for major renovations. Unsecured personal loans max at KES 3-5M. Secured loans against property can offer more. Amount depends on income and existing debt.
Is there financing for solar installation in Kenya?
Yes, several options exist: M-KOPA and d.light offer pay-as-you-go solar, banks like KCB and Stanbic have green energy loans, and personal loans can cover cash purchase. Solar financing often has favorable rates due to government green energy initiatives.
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