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Equity spares old loans higher interest rates
Equity Group Managing Director and CEO Dr James Mwangi during the Africa Climate Summit Private Sector Breakfast hosted by Equity Group on September 5, 2023, at Fairmont The Norfolk, Nairobi. PHOTO | LUCY WANJIRU | NMG
Equity Bank has spared borrowers with pre-existing loan facilities from higher interest rates even as it completes the switch to full risk-based pricing in Kenya.
Credit facilities prior to 2019 have had interest terms unchanged alongside consumer loans disbursed before January this year when the bank first implemented the new pricing model.
