Banks with most expensive loans

In December 2024, Middle East Bank (K) Limited topped the list of banks offering the most expensive loans, with an average lending rate of 22 per cent.

Following closely were Credit Bank PLC at 20.41 per cent and HFC Limited at 20.17 per cent.

SBM Bank Kenya Limited and Absa Bank Kenya PLC offered rates of 19.44 per cent and 18.95 per cent, respectively.

These figures highlight the significant variations in loan costs across Kenyan banks, with some institutions charging notably higher rates than others.

by Peter Obuya