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Are you looking for the best loan rates in Kenya? Or perhaps the most attractive deposit interest rates to grow your savings? Navigating the world of Kenyan commercial banks and their interest rates can be tricky. This guide simplifies things, pinpointing the most affordable loans and highest-yield deposit accounts available in February 2025.
Most Affordable Loans in Kenya: Cheapest Lending Rates
Securing a loan with a competitive interest rate is crucial for managing your finances. Here are the lenders offering some of the cheapest lending interest rates in Kenya as of February 2025, according to data from CBK::
- Citibank N.A Kenya: 12.78%
- Consolidated Bank of Kenya Limited: 13.31%
- Kingdom Bank Limited: 13.86%
Here are the lenders offering some of the highest lending interest rates in Kenya as of February 2025.
- Middle East Bank (K) Limited: 21.62%
- HFC Limited: 19.80%
- Sidian Bank Limited: 19.11%

Maximize Your Savings: Best Deposit Interest Rates
Looking to grow your savings in Kenya? These banks offer some of the most competitive deposit interest rates:
- Paramount Bank Limited: 13.09%
- UBA Kenya Bank Limited: 12.71%
- Premier Bank Kenya Limited: 3.21%
Kenyan Banks: Finding a Balanced Approach
Identifying banks that strike a balance between lending and deposit rates can be valuable. These institutions maintain a relatively small spread, suggesting a more equitable approach to their interest rate policies:
- Consolidated Bank of Kenya Limited: Lending Rate (13.31%) – Deposit Rate (7.30%) = Spread (6.01%)
- Standard Chartered Bank Kenya Limited: Lending Rate (14.90%) – Deposit Rate (3.36%) = Spread (11.54%)
- Gulf African Bank Limited: Lending Rate (15.47%) – Deposit Rate (11.04%) = Spread (4.43%)
Actionable Insights for Kenyans
Understanding these interest rates empowers you to make smarter financial choices.
- Individuals: Planning to take out a personal loan for education or home improvements? Comparing lending rates can save you thousands in interest. Maximize your savings by scrutinizing deposit rates and choosing accounts with the best returns.
- Businesses: When seeking loans for expansion or working capital, comparing rates across different lenders can significantly impact your bottom line. Similarly, maximize returns on surplus cash by strategically placing deposits in high-yield accounts.
Navigating Kenya’s banking landscape requires informed decisions. Use this guide to compare rates, understand your options, and achieve your financial goals.