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Time to reward STANCHART
premio
#1 Posted : Sunday, October 21, 2012 7:55:18 PM
Rank: Member


Joined: 5/31/2009
Posts: 226
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.
chemos
#2 Posted : Monday, October 22, 2012 10:12:30 AM
Rank: Elder


Joined: 11/28/2006
Posts: 1,799
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...
premio
#3 Posted : Monday, October 22, 2012 10:39:18 PM
Rank: Member


Joined: 5/31/2009
Posts: 226
i have and its okay actualy if u feel uneasy take their fixed rate( first 5years) at 15.9 way below what the others are offering
chemos
#4 Posted : Tuesday, October 23, 2012 11:37:54 AM
Rank: Elder


Joined: 11/28/2006
Posts: 1,799
premio wrote:
i have and its okay actualy if u feel uneasy take their fixed rate( first 5years) at 15.9 way below what the others are offering



thot they just started offering this juzi..??

is it on reducing balance and is there penalty for early repayment?

2012
#5 Posted : Tuesday, October 23, 2012 3:08:41 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
chemos wrote:
also passed by the stand... dont kow why i have this uneasy feeling about stancharts 14.9%...


I don't trust Stanchart, I've never trusted Stanchart. I don't think they are a customer focused bank. People should be careful, this could be a recruitment drive and it might be difficult to jump ship once it leaves the harbor.

BBI will solve it
:)
githundi
#6 Posted : Tuesday, October 23, 2012 11:41:04 PM
Rank: Veteran


Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
2012 wrote:
chemos wrote:
also passed by the stand... dont kow why i have this uneasy feeling about stancharts 14.9%...


I don't trust Stanchart, I've never trusted Stanchart. I don't think they are a customer focused bank. People should be careful, this could be a recruitment drive and it might be difficult to jump ship once it leaves the harbor.

Times have changed. Although it's benchmark for qualification is slightly high, it remains the cheapest in credit among top tier banks. This has been possible because of it's great credit risk management. Note stanchart has the best record for non performing loan among top tier banks.
Democracy does not belong to the dead
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