List of Banks offering Cheapest Capital for your Business

In General, Startup
UBA bank

Small businesses seeking to get affordable credit should go UBA bank since it offers the cheapest loans in the market, a new report shows.

According to the 2017  Think Business Banking Tariff Survey released Wednesday, UBA charges low costs compared to the large banks making her the favourite.

High cost of capital is the overarching challenge for Kenyan entrepreneurs and the move to cap lending rates by the government has not helped the situation with banks opting sack employees instead of reducing interest rates.

“In addition for the banks with the lowest charges UBA emerged as the overall lender with the lowest charges in SME banking for 2017,” said Think Business chief executive Ochieng Oloo.

RELATED: 5 Reasons Banks Turn Down Small Businesses

Paramount Bank was ranked the second overall cheapest lender with ABC Bank and Credit Bank both ranking third followed by Consolidated Bank and Guardian Bank.

The market study done by Think Business tariff  survey focused retail   and  SME  banking  across  38  banks.

Here are the banks

UBA

Paramount Bank

ABC

Credit Bank

Consolidated Bank

Guardian Bank

 

 

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