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Equity lending rate 25%
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Sober
#1 Posted : Wednesday, November 09, 2011 9:27:48 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
what!they have cited oil and food prices, global economic meltdown, weakening Ksh. effective 15th November 2011
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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gathiru
#2 Posted : Wednesday, November 09, 2011 9:32:08 AM
Rank: New-farer

Joined: 3/18/2011
Posts: 36
Is it true? eeeeeeh lets join sacco,s ngai kihoti
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mlennyma
#3 Posted : Wednesday, November 09, 2011 9:32:57 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Even the shylocks are now cheaper.
"Don't let the fear of losing be greater than the excitement of winning."
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Mainat
#4 Posted : Wednesday, November 09, 2011 9:42:51 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Lets be honest. If banks don't react to CBR rise by increasing interest rates in line i.e. by an additional 9.5%, the CBK's policy won't work
Sehemu ndio nyumba
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2012
#5 Posted : Wednesday, November 09, 2011 9:43:39 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
What are fixed deposit accounts paying?

BBI will solve it :)
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Sober
#6 Posted : Wednesday, November 09, 2011 9:51:01 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
i am not borrowing any time soon. the terms and conditions allow for the interest rate to change according to the circumstance, i just wonder where EB got the information that there is the economic crunch and that it is worldwide, or is Greece the world?
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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McReggae
#7 Posted : Wednesday, November 09, 2011 9:56:18 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
25% of the borrowed cash as interest every year.....jeez!!!

@mlennyma, hey shylocks do 25% every month!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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StatMeister
#8 Posted : Wednesday, November 09, 2011 10:02:24 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Sober wrote:
i am not borrowing any time soon. the terms and conditions allow for the interest rate to change according to the circumstance, i just wonder where EB got the information that there is the economic crunch and that it is worldwide, or is Greece the world?


There are banks that offer fixed rates. These ones are effectively contracts for monthly repayments and are interest-rate invariant (as long as you don't default).
A bad day fishing is better than a good day at work
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youcan'tstopusnow
#9 Posted : Wednesday, November 09, 2011 10:11:16 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
What McReggae said


McReggae wrote:
25% of the borrowed cash as interest every year.....jeez!!!


GOD BLESS YOUR LIFE
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bwenyenye
#10 Posted : Wednesday, November 09, 2011 10:14:46 AM
Rank: Elder

Joined: 5/24/2007
Posts: 1,805
Is this on new loan issues or ongoing loans?
I Think Therefore I Am
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