Recent reports have shown the average mortgage rate is 16.23%, with no significant difference from the previous year’s end rate at 16.5%. With such high lending rates, most Kenyans have opted to rent homes, a situation that leaves them in a precarious position as rent rates have also surged by 2 to 3 % in the last year.
With this in mind, KCB has tapped into the need for Kenyans to acquire homes with low mortgage rates; particularly for those living in the Diaspora. They have done this by launching new rates for Diaspora Mortgages with rates ranging from 9% and 14.5% between April and June 2014.
These rates will enable Kenyans to invest in the growing real estate market back home.
To popularize these new rates, KCB has embarked on using radio for marketing and will also tour various states in USA.
You can get details on the following stations:
Border media: bordermediagroup.com
Karisan Media: karisanmedia.com
Abagusii Global Radio: abagusiiglobalradio.com
The KCB team will tour the locations below on the dates indicated:
| May 22nd |
Irvin, TX |
| May 23rd |
Dallas, TX |
| May 24th | Dallas, TX |
| May 25th | Dallas, TX |
| May 27th | Dallas, TX |
| May 28th | Houston |
| May 29th | Houston |
| May 31st | Los Angeles |
| June 1st | Los Angeles |
| June 2nd | Minnesota |
| June 3rd | Minnesota |
| June 4th | Minnesota |
| June 6th | Seattle |
| June 7th | Seattle |
| June 8th | Seattle |
| June 9th | Florida |
| June 10th | Florida |
| June 11th | California |
| June 12th | California |
| June 13th | Atlanta,GA |
| June 14th | Atlanta,GA |
| June 15th | Atlanta,GA |