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Kenya Mortgage Calculator

Reducing-balance mortgage repayment calculator for Kenyan home loans. Plug in price, deposit, rate and term.

Calculator
Result
Monthly KES 79,585.33
Loan amountKES 6,400,000.00
Monthly paymentKES 79,585.33
Total interestKES 12,700,479.66
Total repaidKES 19,100,479.66

Add stamp duty (4%/2%), valuation fees, legal fees and arrangement fees to find total cash needed.

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How Kenyan mortgages work

Most banks offer reducing-balance mortgages up to 25 years. KMRC (Kenya Mortgage Refinance Company) refinances participating banks at lower rates for affordable housing.

Closing costs typically add 8-12% on top of the deposit. Veira keeps a property-cash-flow record for landlords.

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Worked examples

KES 8m, 20% deposit, 14%, 20 yr
  • Loan KES 6.4m · Monthly ≈ KES 79,587 · Total interest ≈ KES 12.7m

Frequently asked questions

What is a typical deposit in Kenya?
10-20% for residential. KMRC affordable housing can go to 5%.
Are mortgage payments tax-deductible?
Interest on owner-occupied mortgages up to KES 25,000/month is allowable against PAYE.
Can I overpay?
Yes on most loans. Confirm there is no early-settlement penalty.
What rate should I expect in 2026?
13-17% APR commercial. KMRC-backed lower.
Does Veira help landlords?
Yes, rental income, expenses and CGT are all tracked.

Doing this by hand every time? Veira runs the same calculation automatically on every sale, no spreadsheet required.

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