List of Best Banks for Loans in Kenya

List of Best Banks for Loans in Kenya

Kenya, the East African economic powerhouse, has a thriving banking sector that plays a crucial role in the country’s economic development.

With a range of financial products and services on offer, Kenyan banks have made significant contributions towards improving the standard of living and enhancing the overall financial literacy of the country’s population.

One of the most important products offered by banks is loans, which are essential for individuals and businesses looking to invest, expand or meet unexpected financial obligations.

However, with so many banks operating in the Kenyan market, it can be challenging to determine which bank offers the best loan products.

In this article, we will provide a comprehensive list of the best banks for loans in Kenya, taking into account factors such as interest rates, repayment terms, and customer service.

List of Best Banks for Loans in Kenya

Bank NameLoan Types OfferedInterest RatesRepayment TermsCustomer ServiceCredit Scores
Equity BankPersonal Loans, Business Loans, Home Loans, Car Loans12%-25%1-5 yearsExcellent600+
KCB BankPersonal Loans, Business Loans, Home Loans, Car Loans13%-24%1-6 yearsGood550+
Cooperative BankPersonal Loans, Business Loans, Home Loans, Car Loans12%-22%1-6 yearsFair500+
Barclays BankPersonal Loans, Business Loans, Home Loans, Car Loans14%-26%1-5 yearsGood550+
Standard Chartered BankPersonal Loans, Business Loans, Home Loans, Car Loans13%-25%1-7 yearsExcellent650+
CBA BankPersonal Loans, Business Loans, Home Loans, Car Loans11%-23%1-5 yearsGood550+
NIC BankPersonal Loans, Business Loans, Home Loans, Car Loans12%-24%1-5 yearsFair500+
Family BankPersonal Loans, Business Loans, Home Loans, Car Loans14%-25%1-5 yearsGood550+
DTB BankPersonal Loans, Business Loans, Home Loans, Car Loans13%-26%1-5 yearsExcellent650+
Gulf African BankPersonal Loans, Business Loans, Home Loans, Car Loans13%-24%1-5 yearsFair500+
National BankPersonal Loans, Business Loans, Home Loans, Car Loans12%-26%1-6 yearsGood550+
Sidian BankPersonal Loans, Business Loans, Home Loans, Car Loans11%-23%1-5 yearsFair500+
Bank of AfricaPersonal Loans, Business Loans, Home Loans, Car Loans12%-24%1-6 yearsGood550+
I&M BankPersonal Loans, Business Loans, Home Loans, Car Loans13%-25%1-5 yearsExcellent650+
HF GroupPersonal Loans, Business Loans, Home Loans, Car Loans14%-26%1-7 yearsGood550+