×
The Standard e-Paper
Smart Minds Choose Us
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Kenya: A bank, like any other business, has to make a profit and has operational costs to consider. But this has not made it easier for customers to accept the rate of interest charged for credit facilities, particularly when it seems to only benefit banks’ bottom lines.
To allow customers to shop for better credit deals, as well as promote transparency in the sector, banks in Kenya have adopted the Annual Percentage Rate (APR) pricing mechanism. This formula enables consumers to compare different bank loan costs based on standardised parameters and a common computation model.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join