Kama ni juu ya britak ipo blame @the deal then urself then the bank then @the deal again . Lolest

uta..tafutwo, uta..paaatikana. Uta...tingishwo.... tuta.. Kushikashika.... Ukamotwo.... wewe lipa tu! Kwani wewe ni nani? kwanini usi...lipe?

If its unsecured the most they can do is threaten to put your picture in the newspaper.. They will also post your details with all other banks so you can forget about ever borrowing in Kenya again and as somebody said, it will haunt your future aspirations..

If its secured your collateral will be auctioned for the money you owe and nothing more.. I love auctions because its the only place a 2006 range rover sport can sell for 2million bob..

i actually feel @thedeal should be discusssed as a reason for britak ipo buyers defaulting as a separate reason...
matter of fact it should come even before high interest rates

The worst that the bank can do is list you with the crb, doesn't mean much - only that the interest rate charged on your future loan might be higher, which is also not very important since you can always get a better loan deal if you belong to a Sacco.

But with the new judiciary you might be thrown into civil jail for that - but I doubt if any bank wants that kind of publicity.

currently, we are living in uncertain times, the rate of loan default is rising with npa set to rise this year for al banks... If u get listed( either no payment or part payment), it shows you are a high risk client, so the banks will have to make the decision based on the info, whether to lend or not.,the interest wont change..but the report will remain for 7yrs.

Please re-read the fine prints.

Why do you want to stop paying back a loan that you willingly took and are still capable of paying?

This is theft! Don't even consider it.

Be honest and pay your dues.