Public Notice: Change In Loan Interest Rate

17 Nov 2023
Public Notice: Change In Loan Interest Rate

Given the current macroeconomic environment, short-term rates have continued to rise. Considering this, we wish to advise our customers that we shall adjust our loan interest rates to reflect a revised Access Bank Base Rate of 16.63% p.a. plus a margin, based on the customer’s credit risk with effect from 17th December 2023. This will apply to all existing and new Kenya Shilling-denominated credit facilities.
We have endeavoured to cushion customers by maintaining the prevailing interest rates despite the challenges highlighted. However, the foregoing market conditions having persisted longer than anticipated, and the Bank has had to review the Risk-Based Pricing to align to the prevailing economic conditions.
We shall continue to assess the market and advise accordingly in case of any further changes. We take this opportunity to thank you for choosing Access Bank Kenya as your preferred banking partner.
For further enquiries, please feel free to contact your Relationship Manager, your Branch Manager, or our Contact Centre on 0704 331 786.

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