Best Commercial Property Loans in Kenya

What is a commercial property loan in Kenya? A commercial property loan means a loan facility taken for the purpose of commercial real estate construction or renovation. 

In this article I will be taking about the best commercial property loan lenders in Kenya.

 There are many factors that can determine the best commercial property loans in Kenya, such as the interest rate, the loan amount, the repayment period, the eligibility criteria, and the customer service.

Commercial property


KCB Bank Kenya Ltd

 KCB offers mortgage loans for both residential and commercial properties, with flexible repayment terms and competitive interest rates. 

It's the number one choice for a bank providing commercial property loans in Kenya.

HF Group

 This is an integrated property and financial solutions provider that specializes in mortgage finance, property development, and banking services. 

Housing Finance offer various products for commercial property loans, such as project finance, construction finance, and land purchase loans.

Stanbic Bank Kenya

The bank offers commercial property loans for non-residential property for business purposes, with a maximum repayment period of up to 120 months and multiple currency options.

Co-operative Bank of Kenya 

Co-opbank offers commercial mortgages for purchase or construction of commercial properties, such as office blocks, warehouses, hotels, and shopping malls. 

They also offer flexible repayment terms and competitive interest rates.

Equity Bank Kenya

The Equity Bank offers commercial mortgages for purchase or construction of commercial properties, with a maximum loan amount of up to 70% of the property value and a repayment period of up to 20 years. They also offer free valuation and legal fees for properties worth up to Kshs 10 million.

Absa Bank Kenya (Barclays Bank of Kenya) 

Absa bank offers commercial mortgages for purchase or construction of commercial properties, with a maximum loan amount of up to 80% of the property value and a repayment period of up to 15 years.

They also offer free insurance cover for the property and flexible repayment options.

Standard Chartered Bank Kenya 

StanChart offers commercial mortgages for purchase or construction of commercial properties, with a maximum loan amount of up to 70% of the property value and a repayment period of up to 15 years. 

They also offer competitive interest rates and free valuation and legal fees for properties worth up to Kshs 20 million.

I&M Bank Kenya 

This one offers commercial mortgages for purchase or construction of commercial properties, with a maximum loan amount of up to 70% of the property value and a repayment period of up to 15 years. They also offer multiple currency options and free insurance cover for the property.

National Bank of Kenya

The bank offers commercial mortgages for purchase or construction of commercial properties, with a maximum loan amount of up to 70% of the property value and a repayment period of up to 15 years.

They also offer free valuation and legal fees for properties worth up to Kshs 10 million.


Commercial Property Loan Documents 

The requirements and documents needed for commercial property loans in Kenya may vary depending on the lender and the type of loan. However, some common documents that are usually required are:

1.Documents for existing businesses such as income statements, balance sheets, cash flow statements, tax returns, etc. for the past three years or more¹.

2.Projected financial statements for the next two years or more, showing how the loan will be repaid and how the property will generate income.

3. Twelve (12) months bank statement (both new and existing) to show the business cash flow and credit history.

4.Directors Guarantee to provide personal assurance for the loan repayment.

5.Company Profile to give an overview of the business history, vision, mission, goals, products, services, etc.

6.Certified copies of Memorandum & Articles of Association, which are the legal documents that govern the company's structure and operations.

7.Latest filed annual returns and filing receipts which are the documents that show the company's compliance with the tax laws and regulations.

8. Certificate of Incorporation which is the document that shows the company's legal existence and registration.

9. PIN/VAT certificate which is the document that shows the company's tax identification number and value-added tax registration.

10. Board Resolution, which is the document that shows the company's approval and authorization for applying for the loan.

These are some of the common documents that may be required for commercial property loans in Kenya.


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