Total Cost Breakdown (Loan Fees):

• Interest Minimum: None
• Interest Maximum: None
• Processing fee: 9%
• Insurance Fee: None
• Withdrawal Fee: None
• Late Fees: 9% Rollover
• Other Fees: None
  

Disbursement Details:

• Institution Type: Digital Credit
• Application Method: Digital
• Disbursement Method: M-Pesa
  

Repayment Details:

• Repayment Frequency: Bullet
• Early Repayment: Allowed
• Repayment Method: M-Pesa
  
  

Eligibility Requirement:

• Smartphone: Not required
• CRB: Must be in good standing
• Income: No Minimum
• Employment: Not required
• Network: M-Pesa customer
• History: Active M-Pesa for 6 months

Documents:

• National ID
• T&C Links

Representative Example of Loan Costs:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 9%
• Total Loan Repayment Amount: ksh10,900

This product is provided by NCBA Bank Kenya Plc and Safaricom Kenya. NCBA Bank Kenya Plc is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya

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How to Apply

Pros:

• Fast approval time (Less than 24 hours)
• Loan limit grows over time
• Discount on processing fee if repaid within a week (20%)    

Cons:

• Must have active M-Pesa account for 6 months
• Loan limit starts small, depending on transaction history