Stanchart Bank Cuts Interest Rates
Published on: July 14, 2014 06:46 (EAT)
The scramble for borrowers by commercial banks is on, one week since the introduction of a new loan pricing formula for the country’s banking industry. Standard chartered bank has become the first commercial bank to lower its lending rates on mortgages to 10 point 9 percent, down from its previous rate of 13 point 9 percent as at mid April.
Want to send us a story? SMS to 25170 or WhatsApp 0743570000 or Submit on Citizen Digital or email wananchi@royalmedia.co.ke
Comments
No comments yet.
Leave a Comment