What is the current CBK base lending rate in Kenya?

The Central Bank of Kenya (CBK) base lending rate is 10.0% as of February 2026. This is the benchmark rate that commercial banks use to set their lending rates. Individual bank rates typically range from 13% to 22% depending on the product and risk profile.

Which Kenyan bank has the lowest personal loan interest rate?

Interest rates vary by product and borrower profile. KCB Bank, Equity Bank, and Co-operative Bank typically offer competitive rates starting from 13-14% per annum for salaried employees. Check-off loans (deducted from salary) usually have the lowest rates.

How often do Kenyan banks change their interest rates?

Banks can change rates at any time, but typically adjust after CBK monetary policy committee meetings held every 2 months. Major rate changes often follow CBK base rate adjustments. PesaMarket tracks these changes in real-time.

What is the average mortgage rate in Kenya?

Mortgage rates in Kenya range from 12% to 16% per annum as of 2026. KCB, Stanbic, and NCBA typically offer competitive mortgage rates. Fixed-rate mortgages are rare in Kenya; most are variable rate tied to the CBK base rate.

How are loan interest rates calculated in Kenya?

Kenyan banks calculate interest using either reducing balance or flat rate methods. Reducing balance charges interest on the outstanding principal, making it cheaper overall. The CBK mandates that all banks disclose the Annual Percentage Rate (APR) which includes all fees.

What is the best savings account rate in Kenya?

Money market funds offer the highest returns at 9-12% per annum. Traditional savings accounts pay 2-5%. Fixed deposits offer 7-10% depending on the term. Compare all options on PesaMarket to find the best rate for your savings goal.

Kifuatiliaji cha Viwango vya Riba

Fuatilia mabadiliko ya viwango vya riba kwa wakati halisi kwenye bidhaa za kifedha kutoka benki zote kuu za Kenya. Pata arifa mabadiliko ya viwango yanapobadilika kwenye bidhaa unazofuatilia.

PesaMarket tracks interest rate changes across all major Kenyan banks and financial institutions. We monitor personal loan rates, credit card APRs, savings account yields, and mortgage rates from over 40 licensed lenders. The CBK base lending rate is currently 10.0% as of February 2026.

By PesaMarket Research Team · Last updated February 2026

Wiki Hii

mabadiliko ya viwango

Mwezi Huu

mabadiliko ya viwango

Mwelekeo

↓

viwango vinapungua

Mabadiliko ya Hivi Karibuni Mwelekeo wa Viwango Weka Arifa

Mabadiliko ya Viwango ya Hivi Karibuni

KCB Personal Loan

KCB Bank

Equity Credit Card

Equity Bank

Frequently Asked Questions

What is the current CBK base lending rate in Kenya?: The Central Bank of Kenya (CBK) base lending rate is 10.0% as of February 2026. This is the benchmark rate that commercial banks use to set their lending rates. Individual bank rates typically range from 13% to 22% depending on the product and risk profile.
Which Kenyan bank has the lowest personal loan interest rate?: Interest rates vary by product and borrower profile. KCB Bank, Equity Bank, and Co-operative Bank typically offer competitive rates starting from 13-14% per annum for salaried employees. Check-off loans (deducted from salary) usually have the lowest rates.
How often do Kenyan banks change their interest rates?: Banks can change rates at any time, but typically adjust after CBK monetary policy committee meetings held every 2 months. Major rate changes often follow CBK base rate adjustments. PesaMarket tracks these changes in real-time.
What is the average mortgage rate in Kenya?: Mortgage rates in Kenya range from 12% to 16% per annum as of 2026. KCB, Stanbic, and NCBA typically offer competitive mortgage rates. Fixed-rate mortgages are rare in Kenya; most are variable rate tied to the CBK base rate.
How are loan interest rates calculated in Kenya?: Kenyan banks calculate interest using either reducing balance or flat rate methods. Reducing balance charges interest on the outstanding principal, making it cheaper overall. The CBK mandates that all banks disclose the Annual Percentage Rate (APR) which includes all fees.
What is the best savings account rate in Kenya?: Money market funds offer the highest returns at 9-12% per annum. Traditional savings accounts pay 2-5%. Fixed deposits offer 7-10% depending on the term. Compare all options on PesaMarket to find the best rate for your savings goal.

Usikose Mabadiliko ya Viwango

Weka arifa za viwango kwa bidhaa unazopenda na upate taarifa mara moja viwango vinapobadilika.

Weka Arifa za Viwango