NCBA and Optiven Renew Partnership to Ease Property Ownership for Kenyans and the Diaspora
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NCBA Bank and Optiven have renewed a strategic partnership offering up to 105% financing for first-time homebuyers and access to developments across Kenya through NCBA’s PropertyDuka marketplace.
NCBA Bank and Optiven Limited have renewed their strategic partnership to make property ownership more accessible to Kenyans at home and in the diaspora, through financing solutions that support land acquisition, home construction and the purchase of residential and commercial properties.
Under the renewed Memorandum of Understanding, customers can access financing of up to 105% for first-time homebuyers, including an additional 5% to cover closing costs such as stamp duty, property valuation and legal fees. The facility also offers up to 90% financing for residential property purchases and up to 80% financing for other categories, alongside access to PropertyDuka, NCBA’s digital property marketplace that connects buyers with vetted listings and financing options.
The partnership spans NCBA’s full property finance portfolio and is available in Kenyan Shillings, US Dollars, British Pounds and Euros — a provision aimed at diaspora customers investing back home. It covers Optiven developments in Nairobi and its environs, Mombasa, Mtwapa, Diani, Ukunda, Lamu, Kisumu, Eldoret, Nakuru, Nanyuki, Meru, Nyeri, Kakamega, Machakos, Kericho and Bungoma.
Dennis Njau, Group Director of Retail Banking at NCBA, said property ownership is one of the most powerful ways families build wealth and secure their future, adding that the renewed partnership reflects the bank’s commitment to helping more Kenyans realise land and home ownership through financing solutions and digital platforms such as PropertyDuka.
Optiven Group CEO Dr George Wachiuri said the partnership reflects a shared belief that every Kenyan deserves a place to call home, describing the firms’ developments as strategically located, affordable and ready for development, and promising a more seamless ownership experience.
The two institutions said the tie-up responds to rising demand for property ownership in Kenya, driven by rapid urbanisation, population growth and increased diaspora investment. Industry estimates put the country’s housing deficit at more than 250,000 units a year, underscoring the need for broader access to structured property financing.