*Processing Fees and Excise duty are only applied to year one. For loans longer than one year, your annual cost from year two onwards will be between 13.0% - 13.5%.*
Loan Fees:
- Interest Minimum: 13%
- Interest Maximum: 13%
- Processing fee: 3%
- Insurance Fee: 0.5%
- Withdrawal Fee: None
- Late Fees: None
- Other Fees: 20% Excise Duty
Disbursement Details:
- Institution Type: Commercial Bank
- Application Method: Paperwork
- Disbursement Method: Bank Account
Repayment Details:
- Repayment Frequency: Monthly
- Early Repayment: Allowed
- Repayment Method: Check-Off
Eligibility Requirement:
- Smartphone: Not Required
- CRB: Must be in good standing
- Income: No minimum
- Employment: Required
- Network: Not required
- History: Not required
- Documents: National ID, 3 Pay-slips, KRA Pin, Application form filled and signed, 3 months salary account bank statement for non account holders
- T&C Links
