Loan Rates Charged by Kenyan Banks

The Central Bank of Kenya lowered its main interest rate to 12.75 percent in August, down from the 13 percent rate it had set earlier, in an effort to stabilize inflation and the exchange rate. Several banks responded by adjusting their loan rates, with some raising them and others lowering them.

These loan rates affect how much people and businesses borrow, impacting the amount they can spend, save or invest. Lower loan rates by banks often encourage more borrowing, especially in large amounts, providing enough capital for people and businesses to start or improve their ventures.

Here is a list of Kenyan banks and the loan rates they charge:

Highest Interest Rates

1. Middle East Bank loan interest rate: 20.96%
2. Credit Bank loan interest rate: 20.32%
3. HFC Bank loan interest rate: 20.12%
4. SBM Bank loan interest rate: 19.91%
5. ABSA Bank loan interest rate: 19.82%
6. Sidian Bank loan interest rate: 19.74%
7. Commercial International Bank (CIB) loan interest rate: 19.2%
8. NCBA Bank loan interest rate: 19.12%
9. Victoria Commercial Bank loan interest rate: 18.75%
10. Bank of Africa loan interest rate: 18.51%
11. I&M Bank loan interest rate: 18.48%

Moderate Interest Rates

1. Prime Bank loan interest rate: 16.85%
2. Guaranty Trust Bank loan interest rate: 16.85%
3. National Bank loan interest rate: 16.82%
4. Development Bank loan interest rate: 16.46%
5. KCB Bank loan interest rate: 16.4%
6. DIB Bank loan interest rate: 16.27%
7. Family Bank loan interest rate: 16.13%
8. Equity Bank loan interest rate: 16.02%
9. Gulf African bank loan interest rate: 15.68%
10. UBA Kenya loan interest rate: 15.55%
11. Habib Bank loan interest rate: 15.38%

Lowest Interest Rates

1. Paramount Bank loan interest rate: 15.35%
2. Co-op Bank loan interest rate: 15.18%
3. Bank of India loan interest rate: 14.94%
4. Ecobank loan interest rate: 14.72%
5. Guardian Bank loan interest rate: 14.67%
6. Kingdom Bank loan interest rate: 14.2%
7. Consolidated Bank loan interest rate: 13.39%
8. Diamond Trust Bank loan interest rate: 12.39%
9. Access Bank loan interest rate: 11.37%
10. Premier Bank loan interest rate: 9%