Consolidate all your existing loans with other banks into one loan with us. Competitive Interest Rates Enjoy affordable and flexible interest rates from as low as 19.00% p.a Unsecured Checkoff* Loans at 19.00% Unsecured Non Checkoff Loans at 20.00% *Checkoff loans are where the Bank has en...
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Unsecured Non Checkoff Loans at 20.00% *Checkoff loans are where the Bank has entered into an agreement with an organisation to lend to their employees and the monthly repayments are deducted by the employer from the employees’ salaries. Terms & Conditions apply ...
Can I make lump sum payments into my loan account? Yes. The bank allows you to make lump sum payments into your mortgage loan account. You however need to advise us whether you would like the amount to be applied as a capital repayment. ...
The Kenya Bankers Association (KBA) study shows that the mobile-based electricity loan, known as Okoa Stima, attracts a monthly interest of 43.4 percent, making it the most expensive, while Equity Bank’s Equitel was ranked the least costly at 2.1 per cent per month. ...
Co-op Bank taps Sh14bn loan for lending to MSMEs Capital Markets Banks to commit third of extra cash to private sector lending Feb 15, 2023 -3 min read The terms of the transactions the lenders have with their affiliate firms are normally not disclosed, but they are expected to ...
The spike in pending bills is pushing a lot of businesses into defaults, the World Bank has said.
The World Bank had initially indicated the potential loan to Kenya was $750.0 million before the ticket size was upsized to $1.0 billion in March 2023 with the programme’s theme changed from the previous ‘Strengthening Economic Management for Resilient and Inclusive Growth’ to ‘Fiscal Sustaina...
This started after Kenya became a lower-middle income economy, locking her out of highly concessional loans from development lenders such as the World Bank. The terms of China’s loan deals with developing countries are unusually secretive and require borrowers to prioritise repayment to Chinese stat...
“However, recent challenges in resource mobilisation and elevated uncertainty call for contingency plans that can be quickly deployed to ring-fence fiscal performance going forward.” The IMF and the World Bank have become key sources of external debt funding for the government, at a time when co...