* 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 13.03% - 13.53%.
Loan Fees:
- Interest Minimum: 12.5%
- Interest Maximum: 13%
- Processing fee: 2.5%
- Insurance Fee: 0.53%
- Withdrawal Fee: None
- Late Fees: None
- Other Fees: 20% Excise Duty on Processing Fee
Disbursement Details:
- Institution Type: Commercial Bank
- Application Method: Online/paperwork
- Disbursement Method: Bank Account
Repayment Details:
- Repayment Frequency: Monthly
- Early Repayment: Allowed
- Repayment Method: Auto-deductions
Eligibility Requirement:
- Smartphone: Not required
- CRB: Must be in good standing
- Income: 40000
- Employment: Required
- Network: Not Required
- History: Active account for 6 Months
- Documents : National ID, Certified pay-slips, Letter of introduction from employer, Application Form filled and signed
- T&C Links
