Early mortgage repayment is emerging as a financially savvy investment option for Kenyans, offering significant savings on interest payments.

• Borrowers can save millions on interest by directing lump-sum payments, such as bonuses or dividends, towards reducing the mortgage principal.
• Financial experts, including KCB Bank's director of mortgages, Wanjeri Kihara, emphasize the importance of explicitly instructing banks to apply payments to the principal to realize these savings.
• The Central Bank of Kenya is moving to formalize the abolishment of early repayment penalties, further encouraging this financial strategy.