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BBK @ 19% Interest on unsecured
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kivairu
#1 Posted : Monday, June 13, 2011 5:03:41 PM
Rank: Member

Joined: 3/5/2008
Posts: 532
Location: Nairobi
Hi BBK @19% interest on Unsecured loan. Is this just too steep? I thought so.Your ideas?

Strive not to be a success, but rather to be of value. –Albert Einstein.
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Apple Bees
#2 Posted : Monday, June 13, 2011 5:08:54 PM
Rank: Member

Joined: 7/5/2008
Posts: 390
guess so! NIC will give much lower, but I guess most of the rates are headed north anyway
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lovely2010
#3 Posted : Monday, June 13, 2011 6:46:37 PM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
There was a time a took a loan with bbk @ 16% interest, but when I did the maths, it turned out 30%...
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erifloss
#4 Posted : Monday, June 13, 2011 7:01:37 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
High though it also depends on the reasons one is taking the loan. If for biz, there are nowadays other ways of financing.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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The Merchant
#5 Posted : Monday, June 13, 2011 7:21:15 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Too steep....Your investment would have to have an ROI of more than 19% just to break even, not very easy. BBK are also crap,predatory lenders. Stay away. You've been warned.
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Kihangeri
#6 Posted : Tuesday, June 14, 2011 8:58:41 AM
Rank: User

Joined: 11/10/2010
Posts: 550
Location: Junction
The Merchant wrote:
Too steep....Your investment would have to have an ROI of more than 19% just to break even, not very easy. BBK are also crap,predatory lenders. Stay away. You've been warned.


BBK is evil personified. They deceive, rape and gas you. Unless you get a personal lawyer to explain to you the astronomical fees you pay to BBK, never touch them. The pigs are still leeching our blood from all body openings. These pigs used to demand you have someone in the bank to introduce you, make a fixed account balance and all the shit. Why would any sane kenyan want to bank with them. Its the high time the bank was ran out of africa. Every dog has its day.
By inference, the man is all that Mr Phantom is not: an untrustworthy radical, divisive, too many enemies, a dictator, and a persistent liar...
Gaitho dialogues.
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lovely2010
#7 Posted : Tuesday, June 14, 2011 9:35:02 AM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
Kihangeri wrote:
The Merchant wrote:
Too steep....Your investment would have to have an ROI of more than 19% just to break even, not very easy. BBK are also crap,predatory lenders. Stay away. You've been warned.


BBK is evil personified. They deceive, rape and gas you. Unless you get a personal lawyer to explain to you the astronomical fees you pay to BBK, never touch them. The pigs are still leeching our blood from all body openings. These pigs used to demand you have someone in the bank to introduce you, make a fixed account balance and all the shit. Why would any sane kenyan want to bank with them. Its the high time the bank was ran out of africa. Every dog has its day.


Be very careful with your statement. I hate it, I left it but my brother works there...wacha tu ibaki...!!!
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amolo
#8 Posted : Tuesday, June 14, 2011 12:02:57 PM
Rank: Member

Joined: 1/29/2007
Posts: 70
Such bad language reflects worse on you than on BBK. I think it is you with a problem, not BBK. That is hate speech!
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Abby
#9 Posted : Tuesday, June 14, 2011 12:20:44 PM
Rank: Member

Joined: 3/7/2011
Posts: 112
It is true, though I have an account with them, they are very very bad - almost evil.

Try clearing a loan with them and you will know how evil they are; it is daylight robbery, to me.
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kyt
#10 Posted : Tuesday, June 14, 2011 12:21:13 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
You guys are now defending BBK? I once worked with a financial institon and customer from bbk had a very bad experience other than any other financial institution.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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