App loan plans, side by side
A short loan from a phone app or USSD code, usually for days or weeks, with no security. The price is quoted as a fee rather than a rate, so it is hard to compare.
KCB M-PESA Loan from KCB Bank Kenya is the cheapest of these once the charges are annualised: 119% a year.
Ordered by what you would actually be left with — the same money in, over the same years, with each plan's own charges taken out. Not by the rate each one advertises.
This ranks loans by price. It is not a suggestion that you take one, and the cheapest short loan is still usually dearer than any other way of raising the money.
| Plan | You repay | It costs you | As a yearly rate |
|---|---|---|---|
| KCB M-PESA LoanKCB Bank Kenya | KES 5,000 | KES 447 | 119% a year |
| M-Shwari LoanNCBA Bank Kenya PLC | KES 5,000 | KES 450 | 120% a year |
- KCB M-PESA LoanKCB Bank Kenya
- You repay
- KES 5,000
- It costs you
- KES 447
- As a yearly rate
- 119% a year
- M-Shwari LoanNCBA Bank Kenya PLC
- You repay
- KES 5,000
- It costs you
- KES 450
- As a yearly rate
- 120% a year
2 more in this group
Every figure here is worked out from the company's own published terms.