Top 10 Banks With the Cheapest Loans - CBK 

In July 2026, the average lending rate increased slightly from 14.37% in June to 14.39%.

According to the latest report released by the Central Bank of Kenya on Wednesday, September 2, Citibank Kenya had the lowest lending rate at 10.59%.

The other banks among the five lenders with the lowest lending rates were Standard Chartered Bank Kenya Limited (11.55%), Stanbic Bank Kenya Limited (11.97%), Habib Bank A.G Zurich (12.68%) and HFC Limited, which has since rebranded to HFCB Group (13.04%).

Conversely, the banks with the highest lending rates were Credit Bank PLC (19.06%), Bank of Africa Kenya Limited (17.49%) and Access Bank (Kenya) PLC (17.45%).

Here Are the 38 Banks and Their Interest Rates for July 2026

1. Citibank N.A Kenya – 10.59%
2. Standard Chartered Bank Kenya Limited – 11.55%
3. Stanbic Bank Kenya Limited  – 11.97%
4. Habib Bank A.G Zurich – 12.68%
5. HFC Limited – 13.04%
6. Guardian Bank Limited – 13.47
7. Bank of Baroda Kenya Limited – 13.49%
8. ABSA Bank Kenya PLC – 13.64%
9. I &M Bank  Limited – 13.68%
10. Diamond Trust Bank Kenya Limited – 13.88%
11. Bank of India – 13.92%
12. Development Bank of Kenya  Limited – 13.92%
13. Prime Bank Limited – 13.94%
14. Paramount Bank  Limited – 13.97%
15. Consolidated Bank of Kenya Limited – 14.01%
16. Guaranty Trust Bank (K) Limited  – 14.08%
17. Victoria Commercial Bank PLC – 14.24%
18. Gulf African  Bank Limited – 14.32%
19. M-Oriental Bank Limited – 14.53%
20. NCBA Bank Kenya  Limited PLC – 14.64%
21. Commercial International Bank (CIB) Kenya Limited– 14.74%
22. Ecobank Kenya Limited – 14.75%
23. KCB Bank Kenya Limited – 14.79%
24. Equity Bank  Kenya Limited – 14.83%
25. Sidian Bank Limited  – 15.02%
26. Co-operative Bank of Kenya Limited – 15.10%
27. UBA Kenya Bank Limited – 15.24%
28. Premier Bank Kenya Limited – 15.48%
29. African Banking Corporation  Limited – 15.54%
30. DIB Bank Kenya  Limited – 15.76%
31. National Bank of Kenya Limited – 15.86%
32. Family Bank  Limited – 15.92%
33. Middle East Bank (K)  Limited – 16.24%
34. Kingdom Bank Limited – 17.00%
35. SBM Bank Kenya Limited – 17.33%
36. Access Bank (Kenya) PLC – 17.45%
37. Bank of Africa Kenya Limited – 17.49%
38. Credit Bank PLC – 19.06%

In August, during the Monetary Policy Committee meeting, CBK noted that loan interest rates had significantly dropped as compared to some periods in 2024 and 2025. For instance, in November 2024, the average lending rate was 17.2%.

As a result of the drop, banks had improved their lending to the private sector.

“Growth in commercial banks' lending to the private sector remained strong at 10.2 per cent in July 2026 and 10.6 per cent in June 2026, compared to -2.9 per cent in January 2025,” the MPC stated on August 11.

(Growth in credit to key sectors of the economy, particularly trade, building and construction, agriculture, and consumer durables, remained strong, reflecting improved demand for credit in line with the decline in lending interest rates.”

Interest Rates for Bank Deposits in July 2026

In July 2026, the average interest rate on bank deposits increased from 6.84% to 6.93%.

The banks offering the highest deposit rates were Credit Bank PLC (11.15%), African Banking Corporation Limited (10.86%), Development Bank of Kenya Limited (9.98%), Middle East Bank (K) Limited (9.26%) and SBM Bank Kenya Limited (8.92%).

Here is the full list of deposit interest rates offered by the 38 banks, ranked from highest to lowest.

1. Credit Bank PLC – 11.15%
2. African Banking Corporation Limited – 10.86%
3. Development Bank of Kenya Limited – 9.98%
4. Middle East Bank (K) Limited – 9.26%
5. SBM Bank Kenya Limited – 8.92%
6. Kingdom Bank Limited – 8.87%
7. Paramount Bank Limited – 8.65%
8. Sidian Bank Limited – 8.42%
9. Family Bank Limited – 8.34%
10. Prime Bank Limited – 8.11%
11. Commercial International Bank (CIB) Kenya Limited – 8.01%
12. Victoria Commercial Bank PLC – 7.96%
13. M-Oriental Bank Limited – 7.55%
14. Access Bank (Kenya) PLC – 7.53%
15. National Bank of Kenya Limited – 7.48%
16. I&M Bank Limited – 7.39%
17. Bank of Baroda Kenya Limited – 7.30%
18. Guardian Bank Limited – 7.27%
19. Premier Bank Kenya Limited – 7.27%
20. Bank of Africa Kenya Limited – 7.22%
21. Consolidated Bank of Kenya Limited – 7.09%
22. Stanbic Bank Kenya Limited – 7.07%
23. Ecobank Kenya Limited – 6.99%
24. Bank of India – 6.94%
25. ABSA Bank Kenya PLC – 6.87%
26. Diamond Trust Bank Kenya Limited – 6.83%
27. Equity Bank Kenya Limited – 6.72%
28. Guaranty Trust Bank (K) Limited – 6.67%
29. Habib Bank A.G Zurich – 6.56%
30. Gulf African Bank Limited – 6.53%
31. KCB Bank Kenya Limited – 6.35%
32. DIB Bank Kenya Limited – 6.33%
33. HFC Limited – 6.18%
34. Co-operative Bank of Kenya Limited – 6.01%
35. NCBA Bank Kenya PLC – 5.32%
36. UBA Kenya Bank Limited – 5.26%
37. Citibank N.A Kenya – 4.42%
38. Standard Chartered Bank Kenya Limited – 3.02%