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Law Capping interest rates
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butterflyke
#881 Posted : Wednesday, August 31, 2016 10:33:51 PM
Rank: Elder

Joined: 5/1/2010
Posts: 3,024
Location: Hapa
Njung'e wrote:
obiero wrote:
[quote=Angelica _ann][quote=Obi 1 Kanobi][quote=KulaRaha][quote=mwenza][quote=Ericsson]@newfarer

Wait... Umeniita darling??


Laughing out loudly Laughing out loudly Laughing out loudly .....I think we should cap other INTERESTs toosmile



Laughing out loudly Laughing out loudly Laughing out loudly
Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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Swenani
#882 Posted : Thursday, September 01, 2016 11:49:53 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Hawkers!!

Quote:
Further to the new developments in our lending framework, we can now confirm that you can get an unsecured facility with us ( Barclays Bank of Kenya) for 14.5% interest on reducing balance and interest on savings account of 7.3% p.a. Should you wish to take advantage of this window of opportunity, ( based on fluidity and credit risk, it may move to secured propositions and collateral secured lending) to access affordable funding for your projects.
If Obiero did it, Who Am I?
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Impunity
#883 Posted : Thursday, September 01, 2016 12:02:35 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Swenani wrote:
Hawkers!!

Quote:
Further to the new developments in our lending framework, we can now confirm that you can get an unsecured facility with us ( Barclays Bank of Kenya) for 14.5% interest on reducing balance and interest on savings account of 7.3% p.a. Should you wish to take advantage of this window of opportunity, ( based on fluidity and credit risk, it may move to secured propositions and collateral secured lending) to access affordable funding for your projects.


If they offer loan at reducing balances,it's only fair to offer the 7.36% savings account on a compound interest compounded daily.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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streetwise
#884 Posted : Thursday, September 01, 2016 12:55:35 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Kwani you want to kill them
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Impunity
#885 Posted : Thursday, September 01, 2016 1:31:18 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
streetwise wrote:
Kwani you want to kill them



It's our time to eat.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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HaMaina
#886 Posted : Thursday, September 01, 2016 1:48:23 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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obiero
#887 Posted : Thursday, September 01, 2016 2:20:16 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,249
Location: nairobi
HaMaina wrote:
Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016.

http://www.businessdaily...365534-lkln7n/index.html
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Impunity
#888 Posted : Thursday, September 01, 2016 2:57:00 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
obiero wrote:
HaMaina wrote:
Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016.

http://www.businessdaily...65534-lkln7n/index.html



Kameumana sasa.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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obiero
#889 Posted : Thursday, September 01, 2016 3:12:56 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,249
Location: nairobi
Impunity wrote:
obiero wrote:
HaMaina wrote:
Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016.

http://www.businessdaily...65534-lkln7n/index.html



Kameumana sasa.

Negwo mani.. Kumethoka
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karete
#890 Posted : Thursday, September 01, 2016 3:47:43 PM
Rank: New-farer

Joined: 5/23/2016
Posts: 19
obiero wrote:
[quote=HaMaina]Is it true that CBK has issued notice giving banks & mortgage companies until September 14th to fully implement the Banking Act 2016.

http://www.businessdaily...65534-lkln7n/index.html[/quote]

Did they have to wait for this?
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