×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

How banks and customers are navigating high-interest rates

Vocalize Pre-Player Loader

Audio By Vocalize

Interest rate increments come at a time when the high cost of living is already squeezing Kenyans hard. [iStockphoto]

In recent months, banks have steadily increased the cost of loans, leaving borrowers with a massive debt servicing burden.

The higher interest rates could not have come at a worse time when Kenyans are grappling with the high cost of living.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
By Brian Ngugi 17 hrs ago
Business
Return of the bitter pill: Kenya softens IMF stance as Iran shock bites
Business
Court clears way for Sh619 billion EABL shares sale
Sci & Tech
JKUAT to assemble 3,000 computers for digital hubs countrywide
Business
Jubilee Holdings profit jumps 18 per cent on increased revenue