Owning your dream home is one of the most exciting and satisfying things you’ll ever do in your life. With real estate quickly becoming a valuable asset for many people, home ownership is an escalator to wealth.
But as exciting as it seems, the investment is likely to be the most expensive, especially for first-time buyers. This aspect is one of the reasons most people give up on home ownership dreams.
Sadly, the effects of the Covid-19 pandemic on people’s lives and businesses, the increased cost of living, and job losses, among others, have further impacted first-time home buyers.
But despite all these, it is not impossible to own a home. Nowadays, your biggest hassle is finding a suitable home for your family. You can easily set yourself up for success by applying for a mortgage plan!
Now is a good time to invest in real estate, particularly if you wish to live in that property. This is because the interest rates on home loans have become quite affordable as macro interest rates fell and lenders lowered their interest rates.
Compared to the average of 18 per cent charged on mortgage rates during the interest cap period, home loan rates have significantly dropped to an average of 13.5 per cent in Kenya.
Time is on your side if you had held off your plans of owning a house. Today, many mortgage providers offer incredibly low-interest rates, flexible payments, and speedy processes – a case in point is Standard Chartered Bank Kenya.
The Standard Chartered Bank understands that owning a home is probably a one-time investment that you want to do right and has tailored its offering to meet your needs and budget.
Unlike the market rate, the bank has gone a step further to reduce the interest on its mortgage plans to an average of 11.75%. This deal has eliminated the hassle of finding the right mortgage provider for your home ownership needs.
Furthermore, the bank lets you enjoy the same rate of 11.75% when you move or transfer your existing mortgages from other banks to Standard Chartered.
However, the deal is valid until 31st July, meaning you have less than a month to enjoy the lowest mortgage rate in Kenya with Standard Chartered Bank.
The Standard Chartered mortgage plan offers convenience, is easy to understand, and provides security. And in this current economic climate fraught with uncertainties, it may be wise to maintain a certain level of stability when it comes to a home loan.
To this end, the Standard Chartered mortgage plan is uniquely structured to ensure that your financial portfolio is not overly risky by balancing out your risk in other areas of your life, such as your career.
Ready to get started? Get the Standard Chartered Bank home loan today! It’s time for legit deals.
Get the right home loan with incredible interest rates, a fast approval process, and one that takes a holistic approach when assessing your financial situation and long-term goals.
