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Loans and Advances
 
Central Bank of Kenya has revised Central Bank Rate (CBR) from 10.50% pa to 10.00% with effect from 20th September 2016. Hence, our Rate of Interest on all Loans/Advances based on this floating rates will accordingly get revised with effect from 21st September 2016.

The Bank gives hassle free loans for all your requirements at very competitive rates of interest. Loans are instantly given against our Term deposit receipts. We also give loans against  deposit with any branch of Bank of India in India or 54 branches globally subject to regulations of the respective countries.

KBRR- Central Bank of Kenya has revised Kenya Bankers' Reference Rate to 8.90 from 9.87 with effect from 25th July 2016. Hence, our Rate of Interest on all Loans/Advances based on floating rates will accordingly get revised with effect from 25th August 2016.

With effect from 14.09.2016, we have implemented the Central Bank of Kenya guidelines, as per circular No.4 of 2016 dated 13.09.2016, that the Central Bank Rate (CBR) will be the base rate and the maximum rate of interest applicable on advances will be four percent over CBR and the minimum rate of interest on all eligible interest bearing deposit accounts, will be @ 70% of CBR
 
 
 
 
 
 
 
 
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