NCBA expands sustainable homeownership drive as solar leasing solution rolls out at Coast
NCBA Group has expanded its push to make homeownership more affordable and sustainable after rolling out a new Solar Leasing solution in the Coast region, targeting home buyers and property investors seeking flexible financing options.
The lender unveiled the initiative during the Mombasa Property Investment Tour, where it showcased a suite of housing finance products designed to help Kenyans acquire, build and sustainably power their homes amid rising demand for property investment along the Coast.
The new solar financing option is expected to complement the bank’s Easy Build financing product, which allows customers to buy land and construct homes in phases based on their financial ability.
Coast emerging as new property investment hub
NCBA said the expansion comes at a time when Kenya’s Coast region is rapidly becoming one of the country’s fastest-growing real estate markets, driven by infrastructure growth, diaspora investments and increased demand for residential and holiday homes.
According to property consultancy Knight Frank, Mombasa currently contributes 4.9 per cent of Kenya’s GDP, with prime residential property values increasingly rivaling those in Nairobi.
Growth in the sector has also been boosted by major infrastructure projects such as the Dongo Kundu Bypass, alongside rising investor interest in areas such as Vipingo.
New financing model targets affordability challenges
NCBA said the newly introduced Solar Leasing product will allow homeowners to install clean energy systems without making large upfront payments, helping households transition to more reliable and sustainable energy sources.
“The addition of Solar Leasing further strengthens our end-to-end homeownership ecosystem, enabling customers not only to finance and build their homes but also to power them sustainably,” the bank said during the rollout.
The lender noted that despite improvements in national electrification, energy access and reliability remain inconsistent in several coastal counties, with many households still relying on alternative energy sources.
Ksh1.1 billion mortgage portfolio at Coast
NCBA revealed it currently supports property ownership in the Coast region through a mortgage portfolio worth more than Ksh1.1 billion, with partnerships already established with seven property developers in Mombasa.
The bank also highlighted additional solutions including up to 105 per cent mortgage financing, allowing customers to cover property purchase costs alongside legal fees and valuation charges.
Through the investment tour, customers interacted directly with financial experts, property developers, legal advisers and valuers while receiving guidance on land acquisition, mortgage structuring, construction financing and long-term property ownership.
NCBA says it plans to expand similar property investment initiatives to other parts of the country as demand for affordable and sustainable housing solutions continues to rise.
