Mortgage Calculator Kenya 2026
Calculate mortgage repayments from Kenyan banks. See monthly payments, total interest, and tax relief on mortgage interest.
Mortgages in Kenya — What You Need to Know
Kenya has around 30,000 active mortgages — one of the lowest per-capita rates in Africa. High interest rates (12-15%) and stringent requirements keep homeownership through mortgages low compared to other markets.
Typical requirements: Minimum 10-20% deposit, proof of income (3-6 months payslips), KRA PIN, credit report, property valuation, and legal search. The process takes 4-8 weeks on average.
Tax relief on mortgage interest: You can claim a PAYE deduction of up to KES 25,000/month (KES 300,000/year) on mortgage interest for your primary residence. This can save you up to KES 7,500/month in tax at the 30% marginal rate. Claim this through your employer or when filing annual returns.
Stamp duty: 4% of the property value in urban areas (Nairobi, Mombasa, Kisumu), 2% in rural areas. First-time homebuyers under the Affordable Housing programme may qualify for reduced rates.
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This mortgage calculator provides estimates based on current KRA tax rates and publicly available data. It is not a substitute for professional tax or financial advice. HelaBora is an educational platform — we are not licensed tax agents, financial advisors, or financial institutions. Always consult a qualified professional for specific tax matters or financial decisions.