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Originally published by The Standard BusinessAugust 28, 2025
8h ago
No more hidden fees as CBK moves to enforce new loan pricing model
Risk-Based Credit Pricing Model, which kicks in on September 1, seeks to eliminate opacity while creating a fairer, more competitive lending environment...
✨ Key Highlights
The Central Bank of Kenya (CBK) has unveiled a new loan pricing system designed to bring greater transparency and responsiveness to lending practices by commercial banks. This significant change aims to eliminate "hidden fees" for borrowers.
- The new rules will become effective on September 1, 2025, for all new variable-rate loans.
- Central Bank of Kenya Governor Kamau Thugge introduced the new system.
- Existing variable-rate loans will transition to the new system by February 28, 2026.
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