Transnational Bank of Kenya is promising cheap loans to customers at an interest rate lower than the 14 percent per annum adopted by other lenders after interest capping became law on 14th September.
Addressing the public during a relaunch of the bank's Nakuru branch,Transnational Bank boss,Sammy Langat promised that clients with a good credit report will enjoy cheap loans.Langat also added that interest rate on savings accounts will be capped at over 8 percent.
The lender have been at the forefront in availing trainings and tailor made credit solutions to agribusinesses for more than two decades now.Most farmers banking with the lender have upgraded to fully fledged SMEs enjoying higher profits and creating employment opportunities to Kenyans.
To accomplish its 2015-2020 agribusiness initiative,Transnational Bank has aligned more branches opening soon in unbanked areas where farmers reside.
Addressing the public during a relaunch of the bank's Nakuru branch,Transnational Bank boss,Sammy Langat promised that clients with a good credit report will enjoy cheap loans.Langat also added that interest rate on savings accounts will be capped at over 8 percent.
The lender have been at the forefront in availing trainings and tailor made credit solutions to agribusinesses for more than two decades now.Most farmers banking with the lender have upgraded to fully fledged SMEs enjoying higher profits and creating employment opportunities to Kenyans.
To accomplish its 2015-2020 agribusiness initiative,Transnational Bank has aligned more branches opening soon in unbanked areas where farmers reside.
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