Good news to Kenyans. Following a directive by the Central Bank of Kenya to lower lending rates down from 14% to 13.5%, Equity bank has taken the early initiative to implement the change to its customers, with the lower rates being effective from Tuesday 20th March 2018.
The new interest rates also stretch to customers borrowing mobile loans, micro loans as well as credit cards.The lower interest rates will create a good, competitive operating environment for SME’s, businesses, individuals and other bank customers.
We have revised our interest rates as indicated below. pic.twitter.com/mQx6nT1KgJ
— Equity Bank Kenya (@KeEquityBank) March 21, 2018
The bank remains committed to providing innovative affordable and convenient financial solutions like Eazzy Banking that will continue to expand customers opportunities.