KCB Unveils Home Ownership Scheme For KDF

KCB in collaboration with the Kenya Defence Forces (KDF) has launched a dedicated mortgage scheme designed to make home ownership more accessible and affordable for military personnel. Working closely with the Ministry of Lands, Public Works, Housing and Urban Development as well as the Affordable Housing Board, the move will bring members of the military under the Civil Servants Housing Mortgage Scheme to expand access to mortgage financing to the service.

The initiative will onboard over 50,000 active KDF personnel into the Civil Servants Housing Mortgage Scheme, enabling eligible officers to access mortgage financing at a concessional interest rate of 4% per annum, with repayment periods of up to 20 years, in line with the scheme guidelines.

KCB Bank Kenya Managing Director, Mrs. Annastacia Kimtai, reiterated that the partnership reflects the bank’s commitment to supporting the welfare and long-term financial wellbeing of the country’s servicemen and women. “Home ownership remains one of the most important aspirations for families, providing security, stability and an opportunity to build long-term wealth. Through this partnership, we are making that aspiration more attainable for Kenya Defence Forces personnel by providing affordable financing solutions that respond to their unique needs,” Mrs. Annastacia said.

The financing covers the purchase of existing homes, acquisition of residential plots, construction of residential houses, plot purchase and construction, equity release, as well as mortgage takeovers from other financial institutions. At the same time, they will benefit from Shariah-compliant financing through KCB Sahl Bank.

SEE ALSO >> Speculators Push Up Home Afrika Share Price at NSE

Principal Secretary, State Department for Housing and Urban Development Charles Hinga said: “The expansion of the Civil Servants Housing Mortgage Scheme to the Kenya Defence Forces reflects the Government’s commitment to increasing access to sustainable home financing for public servants. Through strategic partnerships with institutions such as KCB Bank, we are creating practical pathways that enable more Kenyans to own homes while supporting the growth of the housing sector and advancing the country’s development agenda.”

As the Scheme’s financing partner, KCB will provide end-to-end mortgage support, including financial assessment, financing, advisory services and customer education to help eligible officers navigate the home ownership journey. The Bank currently manages over 90 mortgage schemes across the country, serving institutions across both the public and private sectors.

Welcoming the partnership, Chief of the Defence Forces, General Charles Kahariri said the welfare of KDF personnel remains a key priority for the Kenya Defence Forces. “Access to affordable mortgage financing will empower our officers and service members to invest in homes for their families while planning confidently for their future. This partnership provides a meaningful opportunity to improve their financial security and quality of life,” Kahariri said.

The partnership supports the government’s agenda of increasing home ownership among public servants while stimulating growth across the housing value chain through increased investment in residential development.