Top 10 Banks With the Cheapest Loans - CBK

The Central Bank of Kenya has reported a slight drop in interest rates for loans offered by commercial banks in the country. Between January 2026 and February 2026, the average interest rate dropped from 14.83% to 14.78%.

According to the data published on Tuesday, April 7, Citibank N.A Kenya has the lowest interest rate at 10.21%.

The other banks in the top three were Standard Chartered Bank Kenya Limited (12.07%) and Stanbic Bank Kenya Limited (12.12%).

Conversely, the banks with the most expensive loans were Access Bank (Kenya) PLC (19.05%), Credit Bank PLC (18.41%)  and Bank of Africa Kenya Limited (18.20%).

Also Read: Top 10 Banks With the Cheapest Loans for December 2025 - CBK Report

Below is the List of Banks and Their Loan Interest Rates for February 2026

1. Citibank N.A Kenya – 10.21%
2. Standard Chartered Bank Kenya Limited – 12.07%
3. Stanbic Bank Kenya Limited – 12.12%
4. Habib Bank A.G Zurich – 12.80%
5. Guardian Bank Limited – 13.51%
6. ABSA Bank Kenya PLC – 13.79%
7. Bank of Baroda (Kenya) Limited – 13.87%
8. Prime Bank Limited – 13.97%
9. Consolidated Bank of Kenya Limited – 13.99%
10. Paramount Bank Limited – 14%
11. Gulf African Bank Limited – 14.15%
12. Bank of India – 14.28%
13. Victoria Commercial Bank PLC – 14.34%
14. Diamond Trust Bank Kenya Limited – 14.45%
15. Premier Bank Kenya Limited – 14.69%
16. I&M Bank Limited – 14.82%
17. M-Oriental Bank Limited – 14.97%
18. Equity Bank Kenya Limited – 14.98%
19. KCB Bank Kenya Limited – 15.19%
20. Kingdom Bank Limited – 15.19%
21. Ecobank Kenya Limited – 15.22%
22. Guaranty Trust Bank (K) Ltd – 15.26%
23. African Banking Corporation Limited – 15.36%
24. NCBA Bank Kenya PLC – 15.42%
25. Commercial International Bank (CIB) Kenya Limited – 15.43%
26. Co-operative Bank of Kenya Limited – 15.45%
27. UBA Kenya Bank Limited – 15.50%
28. National Bank of Kenya Limited – 15.64%
29. Sidian Bank Limited – 15.88%
30. Family Bank Limited – 15.98%
31. DIB Bank Kenya Limited – 16.40%
32. Middle East Bank (K) Limited – 16.44%
33. Development Bank of Kenya Limited – 16.59%
34. HFC – 17.39%
35. SBM Bank Kenya Limited – 17.71%
36. Bank of Africa Kenya Limited – 18.20%
37. Credit Bank PLC – 18.41%
38. Access Bank (Kenya) PLC – 19.05%

Banks transitioned to the risk-based credit pricing model (KESONIA) in 2025. 

It was introduced to improve transparency and consistency in loan pricing, replacing opaque internal reference rates that made it difficult for borrowers to understand how interest rates were set. 

By anchoring lending rates to KESONIA and adding a clearly defined risk premium based on the borrower, the CBK aims to make borrowing costs more predictable.

CBK has also been reducing the Central Bank Rate over the last year as inflation stabilised.

The most recent reduction occurred on February 10, 2026, when the Monetary Policy Committee (MPC) lowered the CBR by 25 basis points, moving it from 9.00% to 8.75%.

Interest Rates for Bank Deposits in February 2026

In February 2026, the interest rates for bank deposits dropped to 6.82% as compared to 7.01% reported in January 2026.

The banks with the highest interest rates on deposits were African Banking Corporation Limited (11.45%), Credit Bank PLC (11.03%), Development Bank of Kenya Limited (9.89%), Middle East Bank (K) Limited (9.37%) and Paramount Bank Limited (9.27%).

Banks that paid the lowest interest to savers were Citibank N.A Kenya (4.96%), Stanbic Bank Kenya Limited (3.88%) and Standard Chartered Bank Kenya Limited (3.19%).

1. African Banking Corporation Limited - 11.45%
2. Credit Bank PLC - 11.03%
3. Development Bank of Kenya Limited - 9.89%
4. Middle East Bank (K) Limited - 9.37%
5. Paramount Bank Limited - 9.27%
6. Kingdom Bank Limited - 9.26%
7. SBM Bank Kenya Limited - 8.91%
8. Family Bank Limited - 8.44%
9. Victoria Commercial Bank PLC - 8.34%
10. Commercial International Bank (CIB) Kenya Limited - 8.20%
11. M-Oriental Bank Limited - 8.06%
12. Sidian Bank Limited - 7.92%
13. Bank of Africa Kenya Limited - 7.64%
14. Access Bank (Kenya) PLC - 7.61%
15. Bank of India - 7.60%
16. Bank of Baroda (Kenya) Limited - 7.53%
17. I&M Bank Limited - 7.49%
18. Guardian Bank Limited - 7.33%
19. National Bank of Kenya Limited - 7.21%
20. Gulf African Bank Limited - 7.07%
21. Guaranty Trust Bank (K) Ltd - 7.07%
22. ABSA Bank Kenya PLC - 7.04%
23. Consolidated Bank of Kenya Limited - 6.95%
24. Habib Bank A.G Zurich - 6.76%
25. DIB Bank Kenya Limited - 6.74%
26. Equity Bank Kenya Limited - 6.73%
27. Diamond Trust Bank Kenya Limited - 6.52%
28. KCB Bank Kenya Limited - 6.20%
29. Co-operative Bank of Kenya Limited - 6.10%
30. UBA Kenya Bank Limited - 5.87%
31. HFC - 5.68%
32. Premier Bank Kenya Limited - 5.52%
33. NCBA Bank Kenya PLC - 5.17%
34. Ecobank Kenya Limited - 5.03%
35. Citibank N.A Kenya - 4.96%
36. Stanbic Bank Kenya Limited - 3.88%
37. Standard Chartered Bank Kenya Limited - 3.19%