Interest Rate on Bank Loans (Local Currency) in Kenya

Interest rate on bank loans reached 12.1% in 2021 in Kenya, according to the National Central Bank. This is 0.702% more than in the previous year.

Historically, interest rate on bank loans in Kenya reached an all time high of 36.2% in 1994 and an all time low of 9.00% in 1971.

Kenya has been ranked 26th within the group of 94 countries we follow in terms of interest rate on bank loans.