Law Capping interest rates - Page 58 - Economy - Wazua

Welcome Guest

Wazua » Investor » Economy » Law Capping interest rates

Law Capping interest rates

Options

Previous Topic · Next Topic

tom_boy		#571 Posted : Wednesday, August 24, 2016 7:03:59 PM
Rank: Member Joined: 2/20/2007 Posts: 767		murchr wrote: Impunity wrote: kawi254 wrote: Does this also affect mobile banking loans e.g Equitel (24%p.a), M-shwari and such? M-suruari is 90%pa...7.5&% pm. No @muchr, please clarify. Does the new act differentiate between normal loan and mobile loan. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
Back to top		\|
User Profile

Gadaffi		#572 Posted : Wednesday, August 24, 2016 7:19:32 PM
Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi		Interest rates have been capped but financial institutions will have a free hand in composing APR which will be definitely above 20%.
Back to top		\|
User Profile

murchr		#573 Posted : Wednesday, August 24, 2016 7:21:28 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		tom_boy wrote: murchr wrote: Impunity wrote: kawi254 wrote: Does this also affect mobile banking loans e.g Equitel (24%p.a), M-shwari and such? M-suruari is 90%pa...7.5&% pm. No @muchr, please clarify. Does the new act differentiate between normal loan and mobile loan. Refer to post #466 "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
Back to top		\|
User Profile

maka		#574 Posted : Wednesday, August 24, 2016 7:22:49 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		murchr wrote: tom_boy wrote: murchr wrote: Impunity wrote: kawi254 wrote: Does this also affect mobile banking loans e.g Equitel (24%p.a), M-shwari and such? M-suruari is 90%pa...7.5&% pm. No @muchr, please clarify. Does the new act differentiate between normal loan and mobile loan. Refer to post #466 Murchr aka Finance CS Jibu wafuasi... possunt quia posse videntur
Back to top		\|
User Profile

obiero		#575 Posted : Wednesday, August 24, 2016 7:24:50 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,256 Location: nairobi		Gadaffi wrote: Interest rates have been capped but financial institutions will have a free hand in composing APR which will be definitely above 20%. Hii huitwa porojo
Back to top		WWW \|
User Profile

maka		#576 Posted : Wednesday, August 24, 2016 7:38:08 PM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Look at this; This month the Central Bank of Kenya offered a 10 year Treasury Bond for a total amount of up to Kshs 25 Billion. The total number of bids received was 795 amounting to Kshs 26.31 Billion. The Weighted average rate for successful bids was 15.039% Coupon 15.039% crazy...even after WHT its good cash possunt quia posse videntur
Back to top		\| \| Edit by user: Wednesday, August 24, 2016 7:39 PM \| Reason: Not specified
User Profile

obiero		#577 Posted : Wednesday, August 24, 2016 7:45:30 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,256 Location: nairobi		maka wrote: Look at this; This month the Central Bank of Kenya offered a 10 year Treasury Bond for a total amount of up to Kshs 25 Billion. The total number of bids received was 795 amounting to Kshs 26.31 Billion. The Weighted average rate for successful bids was 15.039% Coupon 15.039% crazy...even after WHT its good cash I spoke to the president and his take was that the government shall pull down borrowing rates for itself, which is a good thing.. Expect government to obtain cheap credit. Watch the tbill rate slide down in coming months. We live in good times
Back to top		WWW \|
User Profile

githundi		#578 Posted : Wednesday, August 24, 2016 7:56:29 PM
Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan		Tick. .tick. .. Let us watch the movie Democracy does not belong to the dead
Back to top		WWW \|
User Profile

Pesa Nane		#579 Posted : Wednesday, August 24, 2016 7:59:03 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		tom_boy wrote: murchr wrote: Impunity wrote: kawi254 wrote: Does this also affect mobile banking loans e.g Equitel (24%p.a), M-shwari and such? M-suruari is 90%pa...7.5&% pm. No @muchr, please clarify. Does the new act differentiate between normal loan and mobile loan. The bill addressed BANKS and FINANCIAL INSTITUTIONS only. If the loan is from a BANK expect it to be capped. Your accessing the money through mobile, TT, Cheque, SWIFT, cash, etc should be immaterial. Pesa Nane plans to be shilingi when he grows up.
Back to top		\|
User Profile

Gadaffi		#580 Posted : Wednesday, August 24, 2016 7:59:35 PM
Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi		obiero wrote: Gadaffi wrote: Interest rates have been capped but financial institutions will have a free hand in composing APR which will be definitely above 20%. Hii huitwa porojo Have u ever borrowed and if so, do u know ur APR..
Back to top		\|
User Profile

303 Pages«<5657585960>»

Wazua » Investor » Economy » Law Capping interest rates

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Print this topic

Normal
Threaded