8 articles found in Loan Costs & Repayment
The interest rate on a mobile loan is just one piece of the puzzle. Processing fees, insurance, and rollover charges all add up. Learn how to calculate the …
Read articleSimple interest and compound interest can look similar on paper but behave very differently over time. For Kenyan borrowers taking mobile loans, bank loans, or SACCO credit, understanding …
Read articleChoosing between a short-term and long-term loan in Kenya isn't just about the repayment period — it affects your total cost, monthly obligations, and financial flexibility. Here's how …
Read articleThat 'small' processing fee on your mobile loan could be costing you more than you think. Here's a clear breakdown of what processing fees are, how they're calculated, …
Read articleProcessing fees on loans are standard in Kenya — but are they always legal, fair, and properly disclosed? This article explains the regulatory framework, your rights as a …
Read articleYou applied for KES 10,000 but only KES 8,700 arrived in your M-Pesa. That difference is the 'net disbursed amount' — and understanding it could save you from …
Read articleMonthly loan repayments can be confusing — especially when different lenders use different calculation methods. This guide explains reducing balance vs. flat rate repayments, shows the maths with …
Read articleLoan tenure is one of the most powerful levers you have as a borrower — it controls your monthly payment, your total interest cost, and your financial flexibility. …
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