premio wrote:Well passed by the 16th home expo and couldn't help but notice the huge number of visitors at the standard chartered bank stand, reason home loans at 14.9% while the likes of KCB and HF doing 18-19% range. While i agree Stanchart is more inclined to the salaried and shies away from the informal sector largely controlled by EB,coop etc its a shame that Kenya lacks strong consumer advocacy that would drive a campaign to sideline other members of the ripp-off cartel in the name of Kenya Bankers Association. Kenyans should close accounts enmasse in solidarity with scb which at least for now is willing to lend as per their motto here for good(long term projection).I still believe rates for home loans should still be in the 11-13%range and SCB needs to be rewarded for breakinhg away from the other robbers. Or am i missing something.
also passed by the stand... dont kow why i have this uneasy feeling about stancharts 14.9%...
whoever takes up that offer really needs to read through the T&C kuichambua kabisa...