* 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% - 13.7%.

Total Cost Breakdown (Loan Fees):

• Interest Minimum: 14.1%
• Interest Maximum: 14.1%
• Processing fee: 2.75%
• Insurance Fee: 0.7%
• Withdrawal Fee: None
• Late Fees: 30% per annum
• 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/ Auto-deductions
  

Eligibility Requirement:

• Smartphone: not Required
• CRB: Must be in good standing
• Income: No minimum
• Employment: Required
• Network: Not Required
• History: Active Account for 3 months

Documents:

• Certified Pay-slips,
• National ID,
• KRA Pin
• Application form filled and signed,
• 6 months bank statement( for non account holders)
• T&C Links

Example Representative Pricing

• Loan Amount: ksh100,000
• Annual Interest Rate: 14.1%
• Processing Fee: ksh2750
• Excise Duty: ksh550
• Credit insurance: ksh700
• Loan duration: 12 months
• Estimated Monthly repayment: ksh8,983
  
• Estimated Total repayment amount: ksh107,801

This product is provided by NCBA Bank Kenya Plc. 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.

How to Apply

Pros:

• Long loan tenure (up to 6 years)
• High max loan limit (up to 4 million, subject to T&Cs)
     

Cons:

• 30% p.a late fees
• Formal employment required
• Amount disbursed lower than requested amount (fees deducted upfront)