NCBA has extended its homeownership proposition beyond Nairobi by hosting its inaugural Western Kenya Property Investment Tour in Kisumu, signalling a strategic push to make property ownership more accessible for Kenyans living in the region and in the diaspora.
The tour brought together aspiring homeowners, investors, developers, legal experts and property finance specialists, offering participants firsthand exposure to residential developments while demonstrating how tailored financing solutions can simplify the journey to owning a home.
As Kisumu continues to evolve into a regional commercial hub, NCBA believes the city presents significant opportunities for both residential and investment property markets.
Kisumu’s Property Market on the Rise
Rapid infrastructure development, improved regional connectivity through air transport, planned railway expansion, increasing population and growing investments in retail, hospitality and education are transforming Kisumu into one of Kenya’s most promising real estate destinations.
According to the Kenya Mortgage Refinance Company (KMRC), homeownership in Kisumu stood at approximately 57.8 per cent in 2022, leaving more than four in every ten urban households living in rented accommodation. The figures highlight a growing need for affordable financing options that can help more families transition into homeownership.
To address this gap, NCBA is positioning itself as a comprehensive property finance partner by combining financing, expert advisory services and partnerships with reputable developers.
Affordable Housing Financing at 9.5 Per cent
A major highlight of the tour was NCBA’s Affordable Housing mortgage solution, supported by KMRC and offered at a fixed interest rate of 9.5 per cent.
The financing option is designed to lower borrowing costs and improve affordability for first-time homeowners seeking government-supported affordable housing units.
By providing predictable monthly repayments through fixed-rate financing, the product aims to make homeownership attainable for more middle-income Kenyans. Also read
Mortgage Financing for Every Stage of Homeownership
Beyond affordable housing, NCBA showcased its broader property finance ecosystem designed to support customers throughout their homeownership journey.
The bank offers standard residential mortgages, construction financing, equity release solutions and financing of up to 105 per cent of a property’s value, helping reduce the upfront costs that often discourage potential buyers.
Customers also benefit from in-house quantity surveyors, professional project support and competitive home insurance, creating an end-to-end property financing experience from purchase through long-term ownership.
Easy Build Enables Customers to Buy Land and Build Gradually
Recognising that many Kenyans prefer constructing homes in phases rather than buying completed units, NCBA continues to strengthen its Easy Build solution. Read more about Easy Build
The product allows customers to purchase land and finance construction progressively based on their budget and project milestones.
Easy Build is particularly valuable for Kenyans living abroad, enabling diaspora customers to acquire land and oversee phased construction while receiving guidance from a consortium of architects, quantity surveyors and contractors working alongside the bank.
Plot Loans Unlock Land Ownership Opportunities
For customers who are not yet ready to construct a house, NCBA’s plot financing offers an entry point into property investment.
The facility enables buyers to acquire strategically located plots today while planning future development, helping customers begin building wealth through land ownership before embarking on construction.
This flexibility allows investors to respond to market opportunities without delaying their long-term homeownership goals.
Solar Leasing Brings Sustainability into Homeownership
NCBA also unveiled its newly launched Solar Leasing proposition, integrating clean energy into its property financing solutions.
The product enables homeowners to install solar energy systems without incurring significant upfront capital costs, making renewable energy more accessible while lowering long-term electricity expenses.
The bank reinforced this sustainability agenda during the Kisumu tour by transporting participants between project sites using electric buses, demonstrating its commitment to environmentally responsible communities.
Learning Beyond Property Viewing
Participants toured four residential developments, Anderson Park, Jamii Jua, NHC Kanyakwar and California Gardens, representing a mix of affordable and premium housing options.
In addition to viewing the projects, attendees received practical guidance from legal experts, valuers, developers and NCBA property finance specialists on due diligence, ownership documentation, affordability assessments, mortgage structuring, insurance and financing options.
The sessions were designed to equip buyers with the knowledge needed to make informed property investment decisions.
Supporting Homeownership Across Kenya
NCBA has partnered with leading developers, including NHC, SIC, Jamii Jua and Shelter Afrique, to broaden housing choices for customers across different income segments.
Speaking about the tour, Group Director of Retail Banking Dennis Njau said the bank remains committed to empowering customers with innovative financing solutions that help them acquire land, build homes, invest in property and adopt sustainable energy solutions.
Following the success of the Kisumu Property Investment Tour, NCBA plans to replicate similar engagements across the country, bringing property investment education and flexible financing closer to more Kenyans while supporting the nation’s growing demand for quality housing.
