New Base Lending Rate
We are constrained to inform you that we will be adjusting our base lending rates upwards by 24.5 % p.a. effective the 15 of November 2011.
As you may be aware by now, the interest rate regime in the country has been on the rise this year, occassioned by a number of factors i.e rising inflation and depreciationof the shilling against the major Currencies.
As a responsible lender, Family Bank would like to work with you during these turbulent times in a manner that will lessen any distress on you.We wish to advice you to visit the nearest Family Bank branch for financial advice or clarification on the implication of these changes and how they might affect you.