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Banks exclude fees, charges on existing loans in pricing change
Kenya Bankers Association Acting General CEO Raimond Molenje speaks during the Launch of the Chora Plan financial literacy campaign on June 11, 2024 at the Serena Hotel in Nairobi.
Customers with existing loans will not pay origination/processing fees in the transition to the new risk-based credit pricing model (RBPCM) starting in March.
Lenders have notified customers with facilities existing before December 1, 2025, that the loans will not attract fees and charges applicable to new facilities, including origination, processing, negotiation and commitment fees.
