KCB Bank, Centum RE partnership to ease homeownership in Kenya

KCB Bank Kenya and Centum RE have unveiled a strategic partnership designed to make home ownership feel more affordable, practical and easy to understand.

At the center of the offer is a discounted mortgage rate of 8.9%, fixed for the life of the loan for up to 25 years under the KMRC-backed mortgage scheme, helping turn the dream of ownership into a manageable monthly instalment.

For many people, the dream of owning a home feels distant the moment they hear the full price. KCB Bank and Centum RE want to change that conversation.

Instead of asking only, “How much does the home cost?”, this new partnership invites customers to start with a more practical question: “What can I comfortably pay every month?”

Cost of homes based on KCB, Centum partnership

At a practical level, a KSh 2.5 million studio is estimated at about KSh 20,809 per month over 25 years at 8.9%. A KSh 5 million one-bedroom works out to about KES 41,618, while a KSh 10 million unit is about KSh 83,236.

A KSh 10 million buy-and-build option would yield the same estimated monthly figure under the same financing assumptions.

Speaking at the signing ceremony, KCB Bank Director of Mortgage Business Caroline Wanjeri noted that too many people stop at the headline price of a home (in millions) and assume ownership is out of reach.

“We want to help customers start with a monthly number they can understand, plan for, and work toward with confidence. A good home should be more than something people admire from a distance. It should be something they can understand, plan for, and move toward with confidence. That is the spirit behind this partnership,” Centum Real Estate Managing Director, Kenneth Mbae, highlighted.

Mbae added that by connecting quality homes with a more predictable financing path, the partnership intends to help more customers see ownership as something they can realistically work toward.

The partnership reflects a shared belief that homeownership becomes achievable when financing is easy to explain, stable over time, and built around the realities of everyday budgets. It is a practical step toward helping more customers with their homes