The following Banks offer the least interests rates on business loans;
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UBA Kenya (15.2%)
United Bank of Africa (UBA) Kenya is a commercial bank established in 2009. The bank offers 15.2% interest rates on business loans, holding the first spot as the bank with cheapest interest rates on business loans.
The bank’s headquarters is located in Nigeria. In Kenya, Banks’ main branch is located at Westlands in Nairobi
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Gulf African Bank (16%)
Gulf African Bank offers 16% interest rate on business loans. The bank has branches in Nairobi, Mombasa, Malindi and Garrisa.
The bank was set up in 2008. Its headquarters is located in Nairobi.
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First Community Bank (16.8%)
First Community Bank established in 2007 offers interest rates of 16.8% on business loans. The bank has branches in Nairobi, Eastern and Rift Valley provinces in Kenya.
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Diamond Trust Bank (17.2%)
DTB is among the oldest banks in Kenya (founded in 1946). DTB offers interest rates of 17.2% on business loans. Headquarters of DTB is at Nairobi’s Mombasa road.
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Bank of India (17.5%)
The Bank is also among oldest banks in Kenya. It was founded in 1982. Bank of Africa is a financial provider in 18 African countries. Bank of India offers 17.5% interest rates on business loans. The bank’s main branch in Kenya is located in Nairobi.