Banks With The Lowest Lending Rates in Kenya
Best banks for low-interest loans in Kenya
Discover the banks with the lowest lending rates in Kenya. Compare affordable loan options for personal, business, and mortgage financing. Find the best bank loans with low interest rates and favorable terms in 2025
Best banks for low-interest loans in Kenya
On 10th February, 2025, KCB Bank Kenya notified its users that it has made a number of changes to monetary policy with the goal of promoting economic expansion and improving access to credit.
In view of the recent adjustments of the Central Bank Rate (CBR) and Cash Reserve Ratio (CRR) by the Central Bank of Kenya, KCB Bank Kenya wishes to notify our customers and the public that we have reduced our base lending rate from 15.6% to 14.6% per annum.
This reduction takes effect from February 10, 2025 the Bank declared.
CBK base lending rate and its impact
The final lending rate is based on a customer-specific margin, adjusted to the base rate, in line with the approved Risk Based Credit Pricing Model. This applies to all existing and new KShs-denominated facilities and excludes fixed-rate credit facilities.
Factors affecting lending rates in Kenya
It’s crucial to remember that lending rates might change depending on the kind of loan, how long it lasts, and the regulations of the particular bank.
To get the most precise and current information on available loan packages and the interest rates associated with them, borrowers are advised to speak with their individual banks directly.
In conclusion, the recent monetary policies adjustments by the Central Bank of Kenya – CBK have led to a decreased trend in lending rates across Kenyan banks.
This development is likely to boost loan accessibility for borrowers, hence encouraging economic growth in the country.
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