KCB Bank and Superior Homes pen deal to offer flexible mortgages

Superior Homes CEO Shiv Arora and KCB Bank Senior Manager, Green Financing & Sustainability Alois Ngure, after signing an MOU that seeks to bridge the gap between property development and financing by enabling homeowners to access the KMRC mortgage facility at 105 per cent. Looking on are Superior Homes Head of Sales Clive Ndege (R) and KCB Group Head of Projects and Investments Kenneth Luusa (L). [FILE/Standard]

Property developer Superior Homes Kenya has signed a Memorandum of Understanding (MoU) with KCB Bank Kenya to provide customised mortgage products to prospective home owners.

The partnership will enable Superior Homes Kenya investors to access tailor-made mortgage products from KCB Bank Kenya, specifically designed to support the mid-income and premium housing market segments.

The collaboration aims to bridge that gap by unlocking flexible financing for existing and potential homeowners looking to buy into Superior Homes developments.

Superior Homes Kenya Chief Executive Officer Shiv Arora noted that the partnership marks a transformative milestone in the company's mission to offer communities of value to their investors.

"Our goal as a company is to create and drive the uptake of sustainable master-planned communities," he said. "Whether you are a first-time buyer, an investor, or living abroad, this partnership brings you one step closer to being a homeowner in a financially sustainable way while also contributing meaningfully to the country's housing agenda.

Under the MoU, KCB Bank Kenya will offer structured repayment plans, longer tenure options, and dedicated customer support to guide homebuyers through the application and approval process.

"Through this partnership, we are looking to offer the Kenya Mortgage Refinance Company (KMRC) mortgage facility, which allows for 105 per cent borrowing.