CBK spells out loan rules ahead of interest rate cap review

Kiambu Town MP Jude Njomo, the architect of the rate capping law. FILE PHORTO | NMG

Commercial banks will be required to publish information of all tariffs and charges on services, personal loans and mortgages on a common web platform, making it easier for customers to choose lenders.

The lenders will also be required to channel at least 20 per cent of their lending to medium and small-sized enterprises (MSMEs) under the proposed Central Bank of Kenya (CBK) guidelines ahead of the planned amendments to the rate cap law.

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