Housing Finance and Family Bank had the lowest loan rates in the last quarter of 2015 while Middle East Bank and Guaranty Trust Bank were the most expensive.
In the personal loans category of between one and five years, K-Rep Bank at 25.7 per cent offered the most expensive credit as at mid-December 2015. Consolidated Bank comes second, charging 25.4 per cent interest as December 15.
The lender with the third cheapest personal loans is Middle East Commercial Bank at 24.2 per cent. UBA Bank takes the number four slot at 24.1 per cent on personal loans. Guaranty Trust Bank charged 23.7 per cent interest.
Conversely, in the personal loans category for between one and five years, Habib Bank Ltd at 8.4 per cent charged the cheapest rate. Guardian Bank Ltd at 14.1 per cent offered the second cheapest loans while National Bank of Kenya at 14.7 per cent was the third most affordable. Family Bank and Housing Finance share fourth slot.
For business loans repayable between one and five years, K-Rep Bank at 27.2 per cent gave the most costly loans as at December 15. It is followed by Jamii Bora Bank at 24 per cent with Guaranty Trust Bank coming in third at 23.4 per cent.
Meanwhile NIC Bank at 22.7 per cent comes in at number four as the lender with the most costly loans. Transnational Bank is the fifth most expensive lenders at 23 per cent interest rate.
Conversely, UBA Kenya at 15.2 per cent offered the cheapest business loans while Gulf African Bank at 16 per cent was the second cheapest lender of business loans. First Community Bank at 16.8 per cent is the third cheapest lender of business loans.
Diamond Trust Bank at 17.2 per cent is the fourth cheapest lender while Bank of India at a rate of 17.5 per cent is the fifth cheapest lender.