Barclays Bank of Kenya sets 14.5pc Interest Rate on Loans

    August 30, 2016   No comments

Barclays bank of Kenya has complied with the new Banking law by setting its interest rate on all credit facilities at 14.5 percent per annum effective from 29th August, 2016.

Read also New CFC Stanbic bank loan interest rate

Communicating the message to the public,the social media administrator made it clear that the 14.5% pa interest rate will be effective on both new and existing loans taken from the bank by borrowers before the new banking law was in place.
Barclays  bank set 14.5% as interest rate on all loans

Read the notice;
We have with immediate effect reduced the interest rates applicable for all new loans to 14.5% p.a in line with the new law.Equally, we have increased interest rates applicable on new Zidisha savings accounts and new term deposits to a minimum rate of 7.35% p.a.
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Mwabaya Katana

Posted By Mwabaya Katana

Mwabaya Katana is a Personal Finance online writer.He is the founder of 'Loans Kenya' Blog.

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