Kenya’s Banks Ranked: Lowest to Highest Loan Rates – International Edition (English)

• 
  The Central Bank of Kenya (CBK) disclosed that the average lending rate across commercial banks was 15.77%.
  
• 
  Following the reduction of the base lending rate by 0.75%, which brought it down to 10%, the typical loan interest decreased by 0.64%.
  
• 
  The Middle East Bank (K) Limited and Access Bank (Kenya) have the highest loan interest rates, whereas Citibank and Stanbic Bank reported the lowest rates.
  

Japhet Ruto, who works for .co.ke as a journalist, has accumulated more than eight years of expertise in finance, business, and technology reporting both within Kenya and internationally.

The Central Bank of Kenya (CBK) has published the typical interest rates for commercial bank loans.

As stated by CBK, the total average lending rate has decreased to 15.77% from 16.41% observed in February 2025.

What are the Kenyan banks with the highest charges?

1. Middle East Bank (K) Limited – 20.63%
2. Access Bank (Kenya) PLC – 20.50%
3. Commercial International Bank (CIB) Kenya Limited – 19.64%
4. Credit Bank Limited (19.49%.
5. HFC Limited – 18.92%.
6. SBM Bank Kenya Limited – 18.72%)
7. Sidian Bank Limited – 18.63%
8. UBA Kenya Bank Limited – 17.98%
9. Bank of Africa Kenya Limited down 17.90%
10. I&M Bank Limited -17.60%).
11. African Banking Corporation Limited – 17.54%
12. M-Oriental Bank Limited – 17.36%
13. DIB Bank Kenya Limited – 17.07%.
14. Prime Bank Limited – 16.94%
15. Family Bank Limited – 16.44%
16. NCBA Bank Kenya PLC – 16.42%
17. Development Bank of Kenya Limited (16.31%)
18. KCB Bank Kenya Limited constitutes 16.18%.
19. Diamond Trust Bank Kenya Limited (16.12%)
20. Co-operative Bank of Kenya Limited holds 16.08%.
21. Kenya National Bank Limited (16.05%)

What are some of the Kenyan banks with the least expensive fees?

1. Citibank N.A Kenya – 11.14%
2. Stanbic Bank Kenya Limited holds 12.76%.
3. Consolidated Bank of Kenya Limited holds 13.31%.
4. Ecobank Kenya Limited (13.82%).
5. Guardian Bank Limited (13.94%).
6. Standard Chartered Bank Kenya Limited (14.07%)
7. Kingdom Bank Limited (14.42%).
8. Paramount Bank Limited (14.69%).
9. Equity Bank Kenya Limited holds 14.88%.
10. Premier Bank Kenya Limited (15.03%)
11. Gulf African Bank Limited (15.21%)
12. Habib Bank A.G Zurich holds 15.24%.
13. Bank of India (15.34%).
14. Bank of Baroda (Kenya) Limited (15.65%)
15. Guaranty Trust Bank (Kenya) Limited (15.71%)
16. Victoria Commercial Bank PLC constitutes 15.74%.
17. ABSA Bank Kenya PLC holds 15.94%.

What banks offer the highest interest rates for deposits?

In March 2025, Credit Bank had the highest deposit rate at 13.32%, followed by Kingdom Bank at 11.57%, African Banking Corporation at 13.31%, I&M Bank at 12.00%, and Development Bank at 11.92%.

The Prime Bank and Bank of Baroda both announced interest rates at 11.24%, whereas CIB Kenya declared a rate of 11.56%. In contrast, DIB Bank had an 10.84% rate, Sidian Bank posted 11.06%, and Paramount Bank recorded 11.01%.

The leading positions were held by Bank of India (10.75%), Equity Bank (10.76%), and Access Bank (10.51%). In comparison, Gulf African Bank had an interest rate of 9.23%, Victoria Commercial Bank stood at 10.48%, and Ecobank Kenya was at 9.18%.

What does the Central Bank Rate refer to?

In April, the CBK reduced the Central Bank of Kenya Rate (CBR) by 0.75%, after a Monetary Policy Committee (MPC) meeting.

Thugge observed that decreasing the rate to 10% would boost economic development.

The regulator directed commercial banks to lower their rates to benefit borrowers.