The Central Bank of Kenya (CBK) has revealed the most expensive and cheapest banks to borrow from.
In the latest Commercial Banks Weighted Average Lending Rates report, CBK published the interest rates for all banks across the country.
According to the report, Middle East Bank has the most expensive loans in the country, with an interest rate of 20.96 percent while Premier Bank Kenya is the least costly lender at nine percent.
Access Bank, which charges an average of 11.37 percent, is the second cheapest lender, followed by Diamond Trust Bank, Consolidated Bank, and Kingdom Bank.
9 largest banks in Kenya make Sh. 120.3 billion net profit in 6 months
Here is the list of the top 10 cheapest banks in Kenya:
| BANK | OVERALL INTEREST RATES (%) |
| Premier Bank | 9 |
| Access Bank | 11.37 |
| Diamond Trust Bank | 12.39 |
| Consolidated Bank | 13.39 |
| Kingdom Bank | 14.02 |
| Guardian Bank | 14.67 |
| Ecobank Kenya | 14.72 |
| Bank of India | 14.94 |
| Cooperative Bank | 15.18 |
| Paramount Bank | 15.35 |
Top 10 most expensive banks in KenyaÂ
| BANK | OVERALL INTEREST RATES (%) |
| Middle East Bank | 20.96 |
| Credit Bank | 20.32 |
| HFC Limited | 20.12 |
| SBM Bank | 19.91 |
| Absa Bank | 19.82 |
| Sidian Bank | 19.74 |
| Commercial International Bank | 19.20 |
| NCBA Bank | 19.12 |
| Victoria Bank | 18.75 |
| Bank of Africa | 18.51 |
