NCBA has expanded its Solar Leasing solution to Kenya’s Coast as the lender seeks to make homeownership more affordable through flexible financing and access to renewable energy.
The rollout, which was unveiled during the Mombasa Property Investment Tour, also featured NCBA’s Easy Build financing solution, giving customers an opportunity to explore different options for buying land, building homes and accessing clean energy.
The expansion comes as the Coast continues to attract property investors. According to Knight Frank, Mombasa contributes 4.9 per cent of Kenya’s GDP and has grown into a property market where prime residential values increasingly rival those of Nairobi.
The region’s growth is being supported by major infrastructure projects such as the Dongo Kundu Bypass, rising diaspora investment and growing demand for residential, holiday and retirement homes.
Even as Kenya continues to expand electricity access, energy reliability remains a challenge in some parts of the Coast.
The release notes that about 76–79 per cent of Kenyans now have access to electricity, while urban access exceeds 97 per cent. However, in Mombasa, less than half of households rely on electricity for lighting and only a small proportion use it for cooking, reflecting continued dependence on alternative energy sources.
At the same time, one in every five Kenyan households has adopted solar solutions, highlighting growing demand for more reliable and sustainable energy options.
Emerging areas such as Vipingo are also attracting more investors, particularly within master-planned communities that offer both lifestyle appeal and long-term investment potential. Despite these opportunities, many prospective homeowners continue to face challenges related to financing, affordability and navigating the property buying process.
To help address these challenges, NCBA has introduced its Solar Leasing solution, which enables customers to access clean and reliable energy without the need for significant upfront capital investment.
The solution complements the bank’s Easy Build financing option, allowing customers to purchase land and construct homes in phases based on their financial capacity.
During the Mombasa Property Investment Tour, customers had the opportunity to learn more about the financing solutions while receiving guidance on legal requirements, financing options and the homeownership process.
The tour also showcased developments across Vipingo and the wider Coast region, including Ocean View Ridge, Kingswood Park, Awali and Pazuri.
Participants engaged with legal advisers, valuers, property developers and NCBA financial experts on issues such as legal due diligence, ownership documentation, mortgage structuring, affordability assessments, insurance solutions and risk management.
NCBA said it currently supports property ownership across the Coast through a mortgage portfolio worth more than KES 1.1 billion. The bank has also partnered with seven property developers in Mombasa and continues to support affordable housing initiatives and buy-and-build opportunities.
The lender also highlighted its broader property financing solutions, including mortgage financing of up to 105 per cent, which helps customers cover both the cost of purchasing property and related expenses such as legal fees and valuation charges.
For customers undertaking larger developments, NCBA offers construction financing aligned to project milestones, supported by the bank’s in-house technical team, including quantity surveyors.
The addition of Solar Leasing further expands the bank’s property financing offering by enabling customers to finance, build and power their homes through a single financing ecosystem.
Beyond showcasing property developments, the Mombasa Property Investment Tour also gave customers an opportunity to engage directly with NCBA financial advisers, legal experts and property developers.
NCBA said it plans to roll out similar initiatives in other parts of the country as it expands access to property investment opportunities, expert advice and tailored financing solutions.
Customers seeking more information about NCBA’s property financing products and future engagements can do so through the bank’s branches and digital platforms.
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