This app provides you with information on the Total Cost of Credit and features and simple Cost of Credit calculator, which loan applicants can use to estimate the total cost of a bank loan. Banks are required by the Central Bank of Kenya to provide you with a Total Cost of Credit breakdown as well as a loan repayment schedule. The Total Cost of Credit Calculator was developed by Kenya Bankers Association. Please contact your bank for a more accurate computation
What’s new in this version
Quick Estimate: Calculate your total cost of credit based on a bank of your choice. Top alternatives: Compare your total cost of credit with top 5 alternatives in the market. Generate a loan repayment schedule after calculating. Get a break down of changes levied by your bank vs third party charges. Get to know your rights as a consumer as per the law.