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Banks increase loan rates & tariffs!
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Dawnwoods
#71 Posted : Monday, November 02, 2015 7:36:19 PM
Rank: New-farer

Joined: 5/22/2014
Posts: 56
$$ loan.
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Swenani
#72 Posted : Monday, November 16, 2015 7:14:02 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Dawnwoods wrote:
Boris Boyka wrote:
enyands wrote:
Dawnwoods wrote:
Equity just told me my loan interest has been changed by an increase of an extra 2%. ino yoooooothe ni mikora!!




U know with banks once they review the rate up it takes a fight from cbk to bring it down. So iko shida

2% Only! You're very lucky. Others have increased with between 5-8%. Is it a personal, business or mortgage?smile

You took the words out of my mouth @Boris. He is lucky! He could be making more from T bills than his bank is charging him for his loan!!! That never happens in Kenya!!!

2%??? He should be thankful!!!

its for a 10yr mortgage so now 12%.


relief for equity customers
If Obiero did it, Who Am I?
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Boris Boyka
#73 Posted : Wednesday, February 10, 2016 7:59:05 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
What are the current rates ..coop 19-20%
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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FRM2011
#74 Posted : Tuesday, March 22, 2016 12:59:04 PM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
Hallo wazuans.

The new bill by mp jude njomo to cap lending rates seems to have a broad base support in the house.

Was going to ignore it until I heard adan duale saying if the president refuses to assent, they can marshall 2/3 majority votes to compel the president to sign.

Now now, as a borrower am salivating. Apart from the banksters defence, can someone put a strong case against interest rates control in kenya.
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mlennyma
#75 Posted : Tuesday, March 22, 2016 1:10:13 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
FRM2011 wrote:
Hallo wazuans.

The new bill by mp jude njomo to cap lending rates seems to have a broad base support in the house.

Was going to ignore it until I heard adan duale saying if the president refuses to assent, they can marshall 2/3 majority votes to compel the president to sign.

Now now, as a borrower am salivating. Apart from the banksters defence, can someone put a strong case against interest rates control in kenya.

the banks will just introduce a 2 or 3% fee above the recommended 4 and baptize it with a new namesmile
"Don't let the fear of losing be greater than the excitement of winning."
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githundi
#76 Posted : Tuesday, March 22, 2016 1:41:05 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
FRM2011 wrote:
Hallo wazuans.

The new bill by mp jude njomo to cap lending rates seems to have a broad base support in the house.

Was going to ignore it until I heard adan duale saying if the president refuses to assent, they can marshall 2/3 majority votes to compel the president to sign.

Now now, as a borrower am salivating. Apart from the banksters defence, can someone put a strong case against interest rates control in kenya.

Reduced credit access. ..few will qualify at low rates
Democracy does not belong to the dead
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ruwesh
#77 Posted : Wednesday, March 23, 2016 9:21:53 AM
Rank: New-farer

Joined: 2/4/2015
Posts: 15
Location: nairobi
githundi wrote:
FRM2011 wrote:
Hallo wazuans.

The new bill by mp jude njomo to cap lending rates seems to have a broad base support in the house.

Was going to ignore it until I heard adan duale saying if the president refuses to assent, they can marshall 2/3 majority votes to compel the president to sign.

Now now, as a borrower am salivating. Apart from the banksters defence, can someone put a strong case against interest rates control in kenya.

Reduced credit access. ..few will qualify at low rates


if the bill goes through banks may now diversify into other businesses through their holding companies.
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mlennyma
#78 Posted : Wednesday, March 23, 2016 9:32:57 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
ruwesh wrote:
githundi wrote:
FRM2011 wrote:
Hallo wazuans.

The new bill by mp jude njomo to cap lending rates seems to have a broad base support in the house.

Was going to ignore it until I heard adan duale saying if the president refuses to assent, they can marshall 2/3 majority votes to compel the president to sign.

Now now, as a borrower am salivating. Apart from the banksters defence, can someone put a strong case against interest rates control in kenya.

Reduced credit access. ..few will qualify at low rates


if the bill goes through banks may now diversify into other businesses through their holding companies.

the beauty is that your money is your money and no bank can be forced to give out money they will do what is profitable to them to sabotage the law quietly
"Don't let the fear of losing be greater than the excitement of winning."
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enyands
#79 Posted : Wednesday, March 23, 2016 9:59:06 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
No much comment here.

1 as an investor my dividends would be low because there won't be much interest income hence anti-bill.

2 as a borrower I would love to have loan for Less interest hence pro-bill.

Since I'm caught in between the two points I choose to reserve my comments hereb
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Nandwa
#80 Posted : Wednesday, March 23, 2016 10:26:19 AM
Rank: Veteran

Joined: 11/17/2009
Posts: 1,049
What became of the much talked about Donde bill.
I understand certain aspects, especially the one that touches on caping of interest rates was repealled.
What is not clear is fate of the requirement that borrowers shouldnt pay interests that cumulatively total more than the initial borrowed amount - ie if one borrowed 400k, in the end total amount paid to the bank (principal + interest) should not exceed 800k.
Just as absolute power corrupts leaders, so does absolute fanaticism blind the people from logic
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  | | Edit by user: Wednesday, March 23, 2016 11:27 AM | Reason: Not specified
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