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Major relief for borrowers as banks unveil tool to calculate cost of loans

Kenya Bankers Association CEO, Habil Olaka (left) and KBA Chairman and KCB Group CEO Joshua Oigara (centre) go through features of the newly launched “Credit Calculator” Website with Simon Lee of Farewell Consultants. (COURTESY)

Through the Annual Percentage Rate initiative, banks will disclose all costs that go into pricing a loan

Kenya Bankers Association (KBA) has launched a new tool that borrowers can use in making decisions on borrowing.

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