Kenya’s most expensive, cheapest loans revealed

Absa Bank Kenya

Absa head office in Westlands, Nairobi. 

Photo credit: File | Nation Media Group

Absa Bank Kenya #ticker:ABSA leads a group of large lenders offering the most expensive loans in the market, according to disclosures that rank small institutions as the cheapest providers of credit.

A borrower taking Sh1 million personal secured loan for one year from Absa will incur a total credit cost of Sh143,007.

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Note: The results are not exact but very close to the actual.