This archive report was first published on 19 July 2021.
On July 19, 2021, Standard Chartered Bank Kenya launched a new mortgage offering, allowing clients to access mortgages at a competitive variable rate of 11.9 percent.
The offer is open to both existing and new clients, providing an opportunity for those seeking to transfer their mortgage to SCB to benefit from waived valuations fees and legal costs.
According to Edith Chumba, Head of Consumer, Private, and Business Banking at Standard Chartered, the new mortgage offer is designed to be both competitive and practical, taking into account the economic challenges faced by many individuals during the pandemic.
“We understand that the pandemic had a negative economic effect which consequently affected financial positions of a substantial number of individuals. It is with this in mind that we have designed a mortgage offer that is both competitive and practical,” Chumba said.
Chumba added that clients who already own property can also take advantage of the new rate to release equity or capital gains from their property and invest the funds in other investment vehicles.
Standard Chartered Bank Kenya offers a range of mortgage solutions, including Purchase, Equity release, construction, and non-resident mortgages, catering to diverse client needs.
