Big banks are Kenya’s most expensive lenders

KBA chief executive Habil Olaka. FILE PHOTO | SALATON NJAU | NMG

Kenyan borrowers looking for commercial bank loans have a high chance of getting the best-priced deals from small lenders, a newly released report shows.

The Kenya Bankers Association’s (KBA) cost of credit report indicates that the big banks, in terms of assets and customer base, are offering borrowers the most expensive loans despite incurring the lowest cost of funds compared to their smaller rivals.

PAYE Tax Calculator

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