⚡ Quick App Presets (Click to calculate typical loan):
⚙️ Loan Parameters
KES 10,000
KES 500
KES 250,000
15.0%
30 Days (1 Month)
7 Days
365 Days (1 Year)
📊 Calculation Summary
Total Repayment
KES 11,500
Effective APR: 182.5%
Principal Received:
KES 10,000
Interest Amount:
KES 1,500
Processing Fee:
KES 0
Daily Cost of Credit:
KES 50.00 / day
⚖️ Cost Assessment: Fair digital rate for short-term emergency borrowing in Kenya.
📋 Kenya Loan App Cost Comparison Table (KES 10,000 / 30-Day Basis)
Compare typical borrowing costs across top CBK-licensed digital lenders and mobile bank products in Kenya:
| Lender / App | Loan Type | Typical Monthly Rate | Total Repayment (KES 10k) | Effective APR |
|---|---|---|---|---|
| Tala Kenya | Digital App | 13.0% – 15.0% flat | KES 11,300 – 11,500 | 158% – 182% |
| Branch International | Digital App | 12.0% – 14.0% flat | KES 11,200 – 11,400 | 146% – 170% |
| M-Shwari (NCBA/Safaricom) | Mobile Banking | 9.0% facility fee | KES 10,900 | 109.5% |
| KCB M-Pesa | Mobile Banking | 8.64% monthly fee | KES 10,864 | 105.1% |
| Zenka Digital | Digital App | 9.0% – 15.0% flat | KES 10,900 – 11,500 | 109% – 182% |
How to Use the Kenya Loan Calculator
Calculating loan interest in Kenya can be confusing because mobile loan apps use different terminology. Some describe their charge as a "facility fee", while others quote a "flat 30-day service fee".
Use our free calculator above to convert any loan quote into clear Kenya Shillings and annualized APR figures.
Key Formulas Used:
- Total Repayment (Flat Rate):
Loan Amount + (Loan Amount × Rate %) + Processing Fee - Annual Percentage Rate (APR):
(Total Finance Charges / Loan Amount) × (365 / Repayment Period in Days) × 100