National Bank Notice On Transition from Variable Rate Loans to Revised Risk Based-Credit Pricing Model

We wish to advise our esteemed clients that Variable-Rate Kenya shilling loans that were issued before 1st December 2025 shall be seamlessly transitioned to the revised Risk-Based Pricing methodology (RBCPM) framework by 28th February 2026.

The current RBCPM framework in use is the common reference rate, currently the Central Bank Rate (CBR), as advised by the Central Bank of Kenya (CBK), plus a premium "K" determined by the borrower's risk profile, among other variables, as approved by CBK.

NBK will continue to disclose the total cost of credit, showing the applicable fees and charges to enhance transparency, fairness, and responsible lending, as we empower our customers to achieve their financial goals and make a positive impact in our communities and the Kenyan economy.