Equity Bank (K) Ltd has announced a reduction in interest rates on all new and existing Kenya Shilling-denominated credit facilities, effective February 13th, 2025, for new loans and from 1st of March for existing loans.
The reduced interest rates will comprise a revised Equity Bank Reference Rate (EBRR) of 14.39% plus a margin (based on specific customer risk profile). This 300 basis points (3%) reduction applies to a wide range of credit products, reflecting the bank’s commitment to supporting customers across diverse sectors.
“We understand the financial pressures facing Kenyans today, and we’re committed to doing our part to ease that burden. This rate cut is about more than just lower interest rates; it’s about opening doors for Kenyans to invest in their businesses, support their families, and their livelihoods,” said Moses Nyabanda, Managing Director, Equity Bank (Kenya) Limited.
