Equity Bank Kenya has recently reduced its interest

Equity Bank Kenya has recently reduced its interest rates on all new and existing Kenya Shilling-denominated credit facilities. Effective February 13, 2025, for new loans, and March 1, 2025, for existing loans, the bank has lowered its lending rates by 3.00%. The revised rates now feature an Equity Bank Reference Rate (EBRR) of 14.39%, plus a margin based on individual customer risk profiles. citeturn0search0

This reduction aligns with the Central Bank of Kenya’s recent decision to cut the Central Bank Rate (CBR) by 50 basis points to 10.75%, aiming to stimulate economic activity by making credit more affordable. Equity Bank’s adjustment reflects its commitment to easing the financial burden on borrowers and supporting economic growth. citeturn0search1

For more detailed information, you can visit Equity Bank’s official website: citeturn0search7

Additionally, here’s a video summarizing the recent interest rate changes by Equity Bank:

videoEquity Bank slashes lending rates, interest rates down by 3.00%turn0search6