Banks with the priciest, cheapest loans revealed in analysis

Co-operative Bank headquarters in Nairobi. [David Njaaga, Standard]

Data from the Central Bank of Kenya (CBK) reveals a competitive landscape among Tier-I banks, particularly regarding long-term loan offerings, with interest rates generally ranging between 13 per cent and 18 per cent for major lenders. 

Among the top three Tier-I banks by asset value and market share, Co-operative (Co-op) Bank maintains competitive rates, with personal loans at 15.54 per cent business loans at 16.14 per cent, and corporate loans at 15.63 per cent.

KCB Bank offers slightly higher rates of 18.24 per cent for personal loans, 18.06 per cent for business loans, and 13.50 per cent for corporate loans.