*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 13.0%.
Loan Fees:
- Interest Minimum: 13%, year one
- Interest Maximum: 13%, year one
- Processing fee: 2%
- Insurance Fee: 0.7%
- Withdrawal Fee: Ksh 42
- Late Fees: None
- Other Fees: 20% Excise Duty on Processing Fee
Disbursement Details:
- Institution Type: Commercial Bank
- Application Method: Online
- Disbursement Method: Loop account
Repayment Details:
- Repayment Frequency: Monthly
- Early Repayment: Allowed
- Repayment Method: Auto-deduction
Eligibility Requirement:
- Smartphone: Required
- CRB: Must be in good standing
- Income: No Minimum
- Employment: Not required
- Network: Not Required
- History: Active Loop Account for 3 Months
- Documents: National ID, KRA Pin, Selfie
- T&C Links
