Equity Bank lowers loans interest from 17.83% to 17.39%

Central Bank of Kenya's move to cap Interest rates is set to benefit Kenyans seeking loans from local lenders.

Equity Bank (K) Ltd has announced cheaper loans for all its customers effective Monday, November 18, after lowering the interest rates on all credit facilities.

In a statement on Monday, November 18, the bank disclosed that the reduction was due to the decision by the Central Bank Kenya’s Monetary Policy Committee (MPC) to cut the Central Bank Rate (CBR).

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Central Bank of Kenya's move to cap Interest rates is set to benefit Kenyans seeking loans from local lenders.

Equity Bank (K) Ltd has announced cheaper loans for all its customers effective Monday, November 18, after lowering the interest rates on all credit facilities.

In a statement on Monday, November 18, the bank disclosed that the reduction was due to the decision by the Central Bank Kenya’s Monetary Policy Committee (MPC) to cut the Central Bank Rate (CBR).