Up to KSh 10.5m: Kimisitu DT SACCO announces 9% home loan in KMRC deal

This story has significance for readers across Kenya and beyond.

- Kimisitu DT SACCO partnered with the Kenya Mortgage Refinance Company to roll out a new affordable mortgage product for its members

- The product offers financing of up to KSh 10.5 million at 9% interest per annum, with repayment periods stretching to 25 years

- Members can access a loan multiplier of up to seven times their deposits, with financing covering up to 105% of a property's value

Elijah Ntongai is an experienced editor at TUKO.co.ke, with more than four years in financial, business, labour and technology research and reporting. His work provides valuable insights into Kenyan, African, and global trends.

Kimisitu DT SACCO has unveiled a new mortgage product developed in partnership with the Kenya Mortgage Refinance Company (KMRC).

The SACCO is offering members single-digit interest rates and long-term repayment terms aimed at making homeownership more attainable.

The product was launched on Saturday, August 1, 2026, at the Nairobi Members' Education Forum, where SACCO officials presented the financing terms and walked members through the application process.

Key Terms of the Mortgage Product

Under the new arrangement, qualifying members can borrow up to KSh 10.5 million at an interest rate of 9% per annum, repayable over a period of up to 25 years.

The product covers both the purchase and construction of residential homes, with financing available at up to 105% of the property's value.

Members also benefit from a loan multiplier of up to seven times their deposits, a feature the SACCO described as industry-leading, designed to help more members qualify for higher-value loans.

Acting Chief Executive Officer Catherine Odhiambo said the launch represented a turning point for the SACCO's product offering.

"Today marks a historic milestone for Kimisitu DT SACCO. For the first time in our history, we are introducing a mortgage product at a single-digit interest rate of just 9% per annum. This is more than a new product, it is a demonstration of our commitment to making homeownership genuinely affordable for our members," she said.

Odhiambo added that the combination of the seven-times loan multiplier, the KSh 10.5 million ceiling and the 105% property financing made the product "one of the most competitive mortgage solutions available through the SACCO movement."

Financial Literacy and Housing Exhibitions

Alongside the product launch, attendees at the Nairobi forum received financial literacy training covering eligibility requirements and the mechanics of long-term housing finance.

Property developers and real estate partners were also present, giving members direct access to housing solutions at the same venue.

Kimisitu DT SACCO is a Tier I Deposit-Taking SACCO with an asset base of KSh 12.8 billion.

The SACCO said the new product aligns with Kenya's broader affordable housing agenda and reinforces the role of SACCOs in advancing financial inclusion across the country.

Source: TUKO.co.ke

Reporting originally appeared via TUKO. Read the full source for additional context.