I&M Bank and Standard Chartered have the highest cost of credit among tier-one lenders in Kenya, with external or third-party charges proving a key differentiator in the cost of loans among the large banks.
The cost of credit website developed by the Kenya Bankers Association (KBA) and the Central Bank of Kenya (CBK) shows that a borrower taking a Sh1 million personal unsecured loan for one year from I&M will incur a total credit cost of Sh127,140.
