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Equity Bank has lowered the interest rate charged on loans to a maximum of 13 per cent with effect from Wednesday, August 1, 2018. [File, Standard]
In compliance with the Central Bank of Kenya guidelines, Equity Bank has lowered the interest rate charged on loans to a maximum of 13 per cent with effect from Wednesday, August 1, 2018.
This reflects the new Central Bank Rate (CBR) of 9 per cent. This move comes a few days after CBK announced the drop in rates.
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