That interest rates can change, I know. But what I am asking is does anyone with a loan there ( other than staff) been affected ? The reason I am asking is because the moment they move effective interest rates from 15 to 25%, then the bank is in a more serious fix than the borrowers by June next year.

Then secondly, Dr Mwangi, was quoted in the press yesterday saying the way he will not increase his rates... This is very inconsistent with his Brand.

my two cents.

on the loan details read "Terms and conditions apply"

That is exactly what the CBR raise to 16.5% is precisely supposed to achieve. Its a trade off between lower inflation and lower economic growth. Whether the former will be achieved we just have to wait and see.

When EBL raises rates its somewhat OK but when KCB Group does its a crime, gloom & doom. A lot of ya'll can kiss my a**

You must think equity is a charitable organization if you expect them to lend at 15% when the CBR is 16.5%...

Dr mwangi's statements did not factor in a rate hike..