KCB Bank and Centum RE Partner to Make Homeownership More Affordable for Kenyans

KCB Bank Kenya and Centum Real Estate (Centum RE) have unveiled a strategic partnership aimed at making homeownership more affordable, practical, and easier 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 Kenya Mortgage Refinance Company (KMRC)-backed scheme. This initiative is designed to help turn the dream of owning a home into manageable monthly installments.
For many people, the dream of owning a home feels out of reach the moment they hear the full price. KCB Bank and Centum RE want to change that conversation. Instead of asking, “How much does the home cost?”, this partnership encourages customers to start with a more practical question: “What can I comfortably pay every month?”
At a practical level, a KES 2.5 million studio is estimated at about KES 20,809 per month over 25 years at 8.9%. A KES 5 million one-bedroom unit works out to approximately KES 41,618 per month, while a KES 10 million unit is about KES 83,236. A KES 10 million buy-and-build option would result in a similar estimated monthly figure under the same financing terms.
Speaking at the signing ceremony, KCB Bank Director of Mortgage Business, Caroline Wanjeri, noted: “Too many people stop at the headline price of a home 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.”
Centum Real Estate Managing Director, Kenneth Mbae, added: “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. By connecting quality homes with a more predictable financing path, we want to help more customers see ownership as something they can realistically achieve.”
The partnership reflects a shared belief that homeownership becomes attainable when financing is simple, stable, and aligned with everyday budgets. It represents a practical step toward helping more customers own homes.
About Centum Real Estate Limited
Centum Real Estate (Centum RE) is a leading developer of mixed-use urban communities in East Africa. The company delivers institutional-grade real estate through master-planned developments across residential, commercial, and industrial sectors in Kenya and Uganda. By combining world-class infrastructure with lifestyle-focused design, Centum RE continues to set the benchmark for quality and value in the regional property market.
For more information, contact:
Centum Real Estate Limited, Head of Marketing
Email: [email protected]
About KCB Bank Kenya
KCB Bank Kenya Limited is the largest commercial bank in the country and a subsidiary of KCB Group Plc. The bank has over 260 branches, 367 ATMs, and 16,000 agents providing 24/7 banking services across East Africa. These are complemented by mobile and internet banking platforms, as well as a 24-hour contact center.
KCB Group Plc also operates in Uganda, Tanzania, South Sudan, Burundi, Rwanda, and the Democratic Republic of Congo, with representative offices in Ethiopia and Brussels. The Group maintains correspondent relationships with over 200 banks globally, ensuring seamless international trade facilitation for its customers.
For more information, contact:
Peter Mwaura Kimani, Head of Corporate & Stakeholder Relations
Email: [email protected]