ADVOKS GLOBAL · KENYA
The Affordable Housing Regulations, 2025
17. Interest rate
Edition: 2025-07-09 · In force
17. Interest rate
The interest rate for a loan issued for the purposes of purchasing an affordable housing unit and development of a rural affordable housing unit shall be—(a)where the monthly income of the person allocated an affordable housing unit is less than twenty thousand shillings, three per cent per annum of the reducing balance;(b)where the monthly income of the person allocated an affordable housing unit is at least twenty thousand shillings but does not exceed one hundred and forty-nine thousand shillings, six per cent per annum of the reducing balance; and(c)where the monthly income of a person allocated an affordable housing unit is more than one hundred and forty-nine thousand shillings, nine per cent per annum of the reducing balance.