The bank lending rate is the upper rate of interest charged on unsecured loans by commercial banks to private individuals and companies. The banks’ disclosures do not factor in costs such as negotiation fees, legal fees and insurance, which typically increase the effective cost of servicing loans. Lenders that are more into personal and SME banking tend to charge more fees because the loan itself is smaller when compared with corporate loans.
Here are the top 10 cheapest banks in Kenya.
| Rank | Bank | Overall interest rate |
| 1. | First Community Bank | 9% |
| 2. | Ecobank | 10.7% |
| 3. | HFC | 11% |
| 4. | Access Bank | 11.2% |
| 5. | Consolidated bank | 11.6% |
| 6. | Habib Bank AG Zurich | 11.9% |
| 7. | DTB | 12.1% |
| 8. | Citibank | 12.2% |
| 9. | KCB | 12.3% |
| 10. | Standard Chartered | 12.3% |
