Banks abandon loan price comparison tool

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Kenya Bankers Association Chief Executive Officer Dr Habil Olaka at Sarova Stanley Nairobi on March 1, 2023. PHOTO | DENNIS ONSONGO | NMG

Banks have left borrowers in the dark by neglecting disclosures on loan pricing under the cost of credit website.

Delays in updating data on the website have forced potential borrowers to reach out directly to different lenders on loan pricing in a time-consuming exercise, contrary to expectations.

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