www.cost-of-credit.co.ke
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https://www.cost-of-credit.co.ke/
Submission: On August 10 via automatic, source certstream-suspicious — Scanned from DE
Submission: On August 10 via automatic, source certstream-suspicious — Scanned from DE
Form analysis 2 forms found in the DOM
Name: quickEstimate — POST https://www.cost-of-credit.co.ke/site/process-estimate
<form id="quick-estimate-form" class="form-horizontal " name="quickEstimate" action="https://www.cost-of-credit.co.ke/site/process-estimate" method="post">
<input type="hidden" name="_token" value="OwA2Q1euKuuOURU05dDFlQWYp17otbbl74qoMk4G"> <input type="hidden" name="_csrf-frontend" value="8eOdab6XtvYDEB5jHHgmfawVR3FDnCbvR-3x_e8oyqI_OQxBXwgeMKkuB1zAGsz-H8vWjX5u5kegxa40b4egaA==">
<div class=" row form-group field-quickestimateform-bank_type required has-success ">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-bank_type">Bank type</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<select id="quickestimateform-bank_type" class="form-control" name="QuickEstimateForm[bank_type]" aria-required="true" aria-invalid="false">
<option value="">Select Bank Type</option>
<option value="1">Conventional Bank</option>
<option value="3">Islamic Bank</option>
<option value="2">Micro Finance Bank</option>
</select>
<div class="help-block help-block-error " id="quickestimateform-bankType-help"></div>
</div>
</div>
<div class=" row form-group field-quickestimateform-bank required has-success">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-bank">Select bank</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<select id="quickestimateform-bank" class="form-control" name="QuickEstimateForm[bank]" aria-required="true" aria-invalid="false">
</select>
<div class="help-block help-block-error " id="quickestimateform-bank-help"></div>
</div>
</div>
<div class=" row form-group field-quickestimateform-facility required has-success">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-facility">Loan Type</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<select id="quickestimateform-facility" class="form-control" name="QuickEstimateForm[facility]" aria-required="true" aria-invalid="false">
</select>
<div class="help-block help-block-error " id="quickestimateform-facility-help"></div>
</div>
</div>
<div id="mortg-grp" style="display: none;">
<div class=" row form-group field-quickestimateform-purchasecost">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-purchasecost">Cost of purchase / Value of Property</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<input type="text" id="quickestimateform-purchasecost" class="form-control" name="QuickEstimateForm[purchaseCost]">
<div class="help-block help-block-error "></div>
</div>
</div>
<div class="row form-group field-quickestimateform-deposit">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-deposit">Deposit paid</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<input type="text" id="quickestimateform-deposit" class="form-control" name="QuickEstimateForm[deposit]">
<div class="help-block help-block-error "></div>
</div>
</div>
</div>
<div id="secured-type-grp" style="display: none;">
<div class=" row form-group field-quickestimateform-loan_security_type">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-loan_security_type">Loan Security Type</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<select id="quickestimateform-loan_security_type" class="form-control" name="QuickEstimateForm[loan_security_type]">
<option value="">Select Loan Security Type</option>
<option value="1">Fixed Assets (Car, House, Land)</option>
<option value="2">Non-Fixed Assets (Shares, Cash)</option>
</select>
<div class="help-block help-block-error "></div>
</div>
</div>
</div>
<div id="secured-grp" style="display: none;">
<div class=" row form-group field-quickestimateform-loan_security">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-loan_security">Loan Security</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<select id="quickestimateform-loan_security" class="form-control" name="QuickEstimateForm[loan_security]">
<option value="">Select Loan Security</option>
<option value="1">Car</option>
<option value="2">House</option>
<option value="3">Land</option>
</select>
<div class="help-block help-block-error "></div>
</div>
</div>
<div class=" row form-group field-quickestimateform-loan_security_cost">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-loan_security_cost">Cost of purchase / Value of Property</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<input type="text" id="quickestimateform-loan_security_cost" class="form-control" name="QuickEstimateForm[loan_security_cost]">
<div class="help-block help-block-error "></div>
</div>
</div>
</div>
<div class="row form-group field-quickestimateform-loanamount required">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-loanamount">How much are you borrowing?</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<input type="text" id="quickestimateform-loanamount" class="form-control" name="QuickEstimateForm[loanAmount]" aria-required="true">
<div class="help-block help-block-error " id="quickestimateform-loanAmount-help"></div>
</div>
</div>
<div class=" row form-group field-quickestimateform-paymentfrequency required">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-paymentfrequency">Repayment frequency</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<select id="quickestimateform-paymentfrequency" class="form-control" name="QuickEstimateForm[paymentFrequency]" aria-required="true">
<option value="">Select Repayment Frequency</option>
<option value="1">Annually</option>
<option value="2">Monthly</option>
<option value="3">Quarterly</option>
<option value="4">Every 6 Months</option>
</select>
<div class="help-block help-block-error " id="quickestimateform-paymentFrequency-help"></div>
</div>
</div>
<div class=" row form-group field-quickestimateform-loanperiod required">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-loanperiod">Loan period</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<input type="text" id="quickestimateform-loanperiod" class="form-control" name="QuickEstimateForm[loanPeriod]" aria-required="true">
<div class="help-block help-block-error " id="quickestimateform-loanPeriod-help"></div>
<div class="help-block help-block-error " id="code-help"></div>
</div>
</div>
<div class="row form-group field-quickestimateform-startdate required">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-startdate">Loan start date</label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper">
<input type="date" id="quickestimateform-startdate" class="form-control" name="QuickEstimateForm[startDate]" placeholder="Enter Loan Start date ..." max="2000-13-13" min="2024-08-10">
<div class="help-block help-block-error " id="quickestimateform-startDate-help"></div>
</div>
</div>
<div class="row form-group field-quickestimateform-termsagree required">
<label class="control-label col-xs-12 col-sm-4 coc-form-label" for="quickestimateform-startdate"> </label>
<div class="col-xs-12 col-sm-8 coc-form-wrapper sm-offset-4">
<div class="checkbox">
<label for="quickestimateform-termsagree">
<input type="hidden" name="QuickEstimateForm[termsagree]" value="0" id="quickestimateform-termsagree-text"><input type="checkbox" id="quickestimateform-termsagree" name="QuickEstimateForm[termsagree]" value="1"> I agree to the
<a class="tc-link" href="/site/terms-and-conditions" title="Terms and condition" data-toggle="modal" data-target="#modalTc">terms and conditions.</a>
</label>
</div>
<div class="help-block help-block-error " id="quickestimateform-termsagree-help"></div>
</div>
</div>
<div class="form-group">
<button type="submit" id="estimateSubmitbutton" class="btn-estimate float-right" name="contact-button" style="color:#fff">Estimate</button>
<div class="help-block help-block-error " id="quickestimateform-termsagree-correct"></div>
</div>
</form>Name: disposableIncome — POST https://www.cost-of-credit.co.ke/site/disposable-income
<form id="disposable-income-form" class="form-horizontal disposable-income" name="disposableIncome" action="https://www.cost-of-credit.co.ke/site/disposable-income" method="post">
<input type="hidden" name="_token" value="OwA2Q1euKuuOURU05dDFlQWYp17otbbl74qoMk4G">
<ul class="nav nav-tabs flex-nowrap second-tab" role="tablist">
<li role="presentation" class="nav-item">
<a href="#step1" class="nav-link active" data-toggle="tab" aria-controls="step1" role="tab" title="Step 1"> 1 </a>
</li>
<li role="presentation" class="nav-item">
<a href="#step2" class="nav-link disabled" data-toggle="tab" aria-controls="step2" role="tab" title="Step 2"> 2 </a>
</li>
<li role="presentation" class="nav-item">
<a href="#step3" class="nav-link disabled" data-toggle="tab" aria-controls="step3" role="tab" title="Step 3"> 3 </a>
</li>
<li role="presentation" class="nav-item">
<a href="#complete" class="nav-link disabled" data-toggle="tab" aria-controls="complete" role="tab" title="Complete"> 4 </a>
</li>
</ul>
<div class="tab-content py-2">
<div class="tab-pane active" role="tabpanel" id="step1">
<div class="row form-group field-disposableIncome-net required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-net">Net Monthly Income (Income after Tax)</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="text" id="disposable-net" class="form-control " name="DisposableIncomeForm[net]" aria-required="true" required="">
<div class="help-block help-block-error " id="disposableIncome-net-help"></div>
</div>
</div>
<h3>Expenses</h3>
<div class="row expense">
<div class=" col-xs-12 col-sm-6">
<div class="row form-group field-disposableIncome-household required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-household">Household Expenses (Rent, Food, School fees)</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="text" id="disposableIncome-household" class="form-control add " name="DisposableIncomeForm[household]" aria-required="true" disabled="">
<div class="help-block help-block-error "></div>
</div>
</div>
</div>
<div class="col-xs-12 col-sm-6">
<div class="row form-group field-disposableIncome-investments required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-investments">Investment and Savings (INsurance, Chama, Pension etc)</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="text" id="disposableIncome-investments" class="form-control add" name="DisposableIncomeForm[investments]" aria-required="true" disabled="">
<div class="help-block help-block-error "></div>
</div>
</div>
</div>
<div class="col-xs-12 col-sm-6">
<div class="row form-group field-disposableIncome-entertainment required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-entertainment">Entertainment & Leisure (Travel,Vacation etc)</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="text" id="disposableIncome-entertainment" class="form-control add" name="DisposableIncomeForm[entertainment]" aria-required="true" disabled="">
<div class="help-block help-block-error "></div>
</div>
</div>
</div>
<div class="col-xs-12 col-sm-6">
<div class="row form-group field-disposableIncome-loans required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-loans">Other Loans (Mortgage, Car Loans etc)</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="text" id="disposableIncome-loans" class="form-control add" name="DisposableIncomeForm[loans]" aria-required="true" disabled="">
<div class="help-block help-block-error "></div>
</div>
</div>
</div>
<div class="col-xs-12 col-sm-6">
<div class="row form-group field-disposableIncome-miscellaneous required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-miscellaneous">Miscellaneous (Airtime, Clothes etc)</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="text" id="disposableIncome-miscellaneous" class="form-control add" name="DisposableIncomeForm[miscellaneous]" aria-required="true" disabled="">
<div class="help-block help-block-error "></div>
</div>
</div>
</div>
<div class="col-xs-12 col-sm-6">
<div class="row form-group field-disposableIncome-expense required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-expense">Other Expenses ( in total )</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input name="DisposableIncomeForm[other_expense]" id="disposableIncome_otherExpense" type="text" class="form-control add" aria-required="true" disabled="">
<div class="help-block help-block-error "></div>
</div>
</div>
</div>
</div>
<div class="row form-group field-disposableIncome-disp" id="disposable-display" style="display:none">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-net">My Disposable Income</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="text" id="disposable-Income" class="form-control" name="DisposableIncomeForm[nets]" aria-required="true" disabled="">
<div class="help-block help-block-error " id="my-disposable-Income"></div>
</div>
</div>
<div class="row form-group field-disposableIncome-aside" id="disposable-aside" style="display:none">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-net"> How much do you wish to put aside towards a loan repayment?</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="text" id="disposable-aside-text" class="form-control" name="DisposableIncomeForm[net]" aria-required="true" required="">
<div class="help-block help-block-error " id="disposable-aside-help"></div>
</div>
</div>
<div class="form-group">
<button type="button" class="btn btn-primary next-step float-right" id="find-credit" disabled="">Find out how much credit you could qualify for.</button>
</div>
</div>
<div class="tab-pane" role="tabpanel" id="step2">
<div class="row form-group field-disposableIncome-net required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-net">How much do you wish to put aside towards a loan repayment</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="hidden" id="disposableIncome-income" class="form-control" name="disp" aria-required="true">
<input type="text" id="disposableIncome-aside" class="form-control" name="income" aria-required="true">
<div class="help-block help-block-error " id="disposableIncome-aside-help"></div>
</div>
</div>
<div class="row form-group field-disposableIncome-frequency required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-net">Repayment frequency (fixed monthly)</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="text" value="Monthly" class="form-control" name="frequency" aria-required="true" placeholder="Monthly" disabled="" style="background-color:#F6931D;color:#fff">
<div class="help-block help-block-error "></div>
</div>
</div>
<div class="row">
<div class="col-xs-12 col-sm-12">
<div class="row form-group field-disposableIncome-type required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-type">Bank Type</label>
<div class="col-xs-12 col-sm-6 ">
<div class="checkbox">
<label class="dis-label"><input type="radio" value="1" name="DisposableIncomeForm[checkbox]" class="dis-checkbox"> Conventional</label>
</div>
</div>
<div class="col-xs-12 col-sm-6">
<div class="checkbox">
<label class="dis-label"><input type="radio" value="3" name="DisposableIncomeForm[checkbox]" class="dis-checkbox"> Islamic</label>
</div>
</div>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<div class="help-block help-block-error " id="disposableIncome-bank-help"></div>
</div>
</div>
<input type="hidden" name="type" value="" id="checkbox-value">
</div>
<div class="col-xs-12 col-sm-12">
<div class=" row form-group field-disposableIncome-loanperiod required">
<label class="control-label col-xs-12 col-sm-12 coc-form-label" for="disposableIncome-loanperiod">Enter Loan Payback Period ( maximum 60 months )</label>
<div class="col-xs-12 col-sm-12 coc-form-wrapper">
<input type="text" id="disposableIncome-loanperiod" class="form-control" name="loanPeriod" aria-required="true">
<div class="help-block help-block-error " id="disposableIncome-loanperiod-help"></div>
</div>
</div>
</div>
</div>
<div class="form-group">
<button type="button" class="btn btn-outline-primary prev-step">Previous</button>
<button type="submit" id="disposableSubmitbutton" class="btn-estimate float-right" name="contact-button" style="color:#fff">Calculate how much credit you could qualify for</button>
</div>
</div>
<div class="tab-pane" role="tabpanel" id="step3">
<div class="form-group">
<button type="button" class="btn btn-outline-primary prev-step">Previous</button>
</div>
</div>
</div>
</form>Text Content
*
*
* Home (current)
* Detailed Cost of Credit Calculator
* Downloads
* Frequently Asked Questions
* News
* Glossary
* Contacts
DOWNLOAD CREDIT CALCULATOR
* QUICK ESTIMATE CALCULATOR
* BUDGET PLANNER CALCULATOR
Bank type
Select Bank Type Conventional Bank Islamic Bank Micro Finance Bank
Select bank
Loan Type
Cost of purchase / Value of Property
Deposit paid
Loan Security Type
Select Loan Security Type Fixed Assets (Car, House, Land) Non-Fixed Assets
(Shares, Cash)
Loan Security
Select Loan Security Car House Land
Cost of purchase / Value of Property
How much are you borrowing?
Repayment frequency
Select Repayment Frequency Annually Monthly Quarterly Every 6 Months
Loan period
Loan start date
I agree to the terms and conditions.
Estimate
The following Charges are levied by external parties and may be beyond the
Bank's control:
Legal Fees: The amount indicated is charged by the appointed external Lawyers
according to the Advocates (Remuneration) (Amendment) Order, 2014 (as varied or
amended). It does not include VAT and disbursements as these will be clear after
the Lawyers have completed their work.
Insurance: The amount indicated above is charged by the Insurer on the basis of
the Option selected by the borrower for the period of the Facility. Insurance
includes Mortgage Protection, Credit Life Insurance, Fire Insurance, Property
Insurance and Car Insurance, where applicable.
Government Levies: This means Excise Duty at 20% of the Application / Processing
/ Initiation/ Arrangement/ Commitment Fees charged. The estimate provided in
this calculator does not include VAT and other Government Levies.
Stamp Duty: This is a Government Levy on sale of property charged typically
between 1% and 4% of the value of the property.
Valuation Fees: The amount indicated is charged by the appointed Valuers
according to the Land Valuers Licensing (Remuneration) Notice 2013 (as varied or
amended). It does not include VAT and Disbursements as these will be clear after
the valuation work is complete.
Security Registration Fee:The amount is payable to the Government Registry where
the Security will be registered and has not been indicated within this online
APR calculator.
Other Third Party Costs: There are other costs associated with the facility that
may not be within the lender's purview and therefore have not been factored into
this APR calculator.
* 1
* 2
* 3
* 4
Net Monthly Income (Income after Tax)
EXPENSES
Household Expenses (Rent, Food, School fees)
Investment and Savings (INsurance, Chama, Pension etc)
Entertainment & Leisure (Travel,Vacation etc)
Other Loans (Mortgage, Car Loans etc)
Miscellaneous (Airtime, Clothes etc)
Other Expenses ( in total )
My Disposable Income
How much do you wish to put aside towards a loan repayment?
Find out how much credit you could qualify for.
How much do you wish to put aside towards a loan repayment
Repayment frequency (fixed monthly)
Bank Type
Conventional
Islamic
Enter Loan Payback Period ( maximum 60 months )
Previous Calculate how much credit you could qualify for
Previous
ABOUT THE DISPOSABLE INCOME CALCULATOR
Before shopping for a loan, it is important to know your price range. Committing
to a loan payment that you can't afford can have a negative effect on your
finances. The Budget planner and Disposable Income helps you draft a budget and
establish how much you have spare and can commit to your loan repayment. Once
you complete the calculation, you can now compare the different offers by banks
on the Quick cost of credit calculator and make a decision.
WELCOME
Commercial banks in Kenya have adopted the Total Cost of Credit (TCC) pricing
mechanism, which enables consumers to compare different bank loan costs based on
standardized parameters and a common computation model.
This site provides you with information on the TCC and features a 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.
YOU CAN DOWNLOAD THE CREDIT CALCULATOR MOBILE APPLICATION FROM GOOGLE PLAY
HOW TOTAL COST OF CREDIT AND APR ARE DERIVED
There are various costs associated with a loan. These costs are in addition to
the interest rate component, and range from bank fees and charges to third party
costs, such as legal fees, insurance and government levies.
Because loan applicants will tend to focus only on the interest rate when making
a loan decision, banks have proactively adopted the Annual Percentage Rate or
APR model which converts all direct costs associated with the loan (also known
as the Total Cost of Credit) into one number.
With the APR, borrowers are empowered to comprehensively compare different loan
products on a like-for-like basis, based on the total cost of the facility; and
therefore make better informed credit decisions.
Credit Information Sharing (CIS) is a process where credit providers such as
banks and licensed Microfinance Banks submit information about their borrowers
to a licensed credit reference bureau so that it can be shared with other credit
providers.
Sharing of credit information will enable borrowers build credit history which
they can use to negotiate for better credit terms. Positive credit history can
also be used by borrowers as alternative collateral to traditional physical
collateral.
Bank customers are encouraged to check their credit scores from the licensed
Credit Reference Bureaus.
KNOWLEDGE CHECK AREA
GAIN NEW INSIGHTS FROM OUR VIDEO RESOURCES BELOW:
* Resources to help you/ your business during Covid 19
* Credit scores
* Pathways to home ownership
* Islamic Finance
Enhancing Financial Services Access Through Digital Platforms
Financial Strategies for Households
What you should know and how to build your credit score
Enhancing Enterprise Credit worthiness
Mortgages: Pathways to Home Ownership
Learn about Islamic Financing Options
Islamic Financing for SMEs
Explore more resources on the My Chat with a Bank CEO
© 2024 Kenya Bankers Association
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TERMS OF KBA’S TOTAL COST OF CREDIT WEBSITE USE
PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY BEFORE USING THIS SITE
WHO WE ARE AND HOW TO CONTACT US
The Total Cost of Credit Website is a site operated by Kenya Bankers Association
(”We”). We are registered in Kenya as an Association under the Labour Relations
Act and have our registered office at International Life House, Mama Ngina
Street. Our main address is P.O. Box 73100 – 00200 Nairobi.
BY USING OUR SITE YOU ACCEPT THESE TERMS
By using our site, you confirm that you accept these terms of use and that you
agree to comply with them.
If you do not agree to these terms, you must not use our site.
We recommend that you print a copy of these terms for future reference.
WE MAY MAKE CHANGES TO THESE TERMS
We amend these terms from time to time. Every time you wish to use our site,
please check these terms to ensure you understand the terms that apply at that
time.
WE MAY MAKE CHANGES TO OUR SITE
We may update and change our site from time to time [to reflect changes to our
products, our users’ needs and our business priorities OR other regulatory
compliance requirements. We will try to give you reasonable notice of any major
changes.
WE MAY SUSPEND OR WITHDRAW OUR SITE
Our site is made available free of charge
We do not guarantee that our site, or any content on it, will always be
available or be uninterrupted. We may suspend or withdraw or restrict the
availability of all or any part of our site for business and operational
reasons. We will try to give you reasonable notice of any suspension or
withdrawal
HOW YOU MAY USE MATERIAL ON OUR SITE
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Our status and that of the contributing banks as the authors of content on our
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You must not use any part of the content on our site for commercial purposes
without obtaining a licence to do so from us or our licensors.
DO NOT RELY ON INFORMATION ON THIS SITE
The content on our site is provided for general information only. It is intended
to amount to a guide on which you may rely. You must obtain professional or
specialist advice before taking any action on the basis of the content on our
site.
Although we make reasonable efforts to update the information on our site, we
make no representations, warranties or guarantees, whether express or implied,
that the content on our site is accurate, complete or up to date.
OUR RESPONSIBILITY FOR LOSS OR DAMAGE SUFFERED BY YOU
WHETHER YOU ARE A CONSUMER OR A BUSINESS USER:
* We do not exclude or limit in any way our liability to you where it would be
unlawful to do so
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that may apply to our site or any content on it.
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* * loss of profits, sales, business, or revenue;
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IF YOU ARE A CONSUMER USER:
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agree not to use our site for any commercial or business purposes, and we
have no liability to you for any loss of profit, loss of business, business
interruption, or loss of business opportunity.
WE ARE NOT RESPONSIBLE FOR VIRUSES AND YOU MUST NOT INTRODUCE THEM
We do not guarantee that our site will be secure or free from bugs or viruses.
You are responsible for configuring your information technology, computer
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protection software.
You must not misuse our site by knowingly introducing viruses, trojans, worms,
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must not attempt to gain unauthorised access to our site, the server on which
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You must not attack our site via a denial-of-service attack or a distributed
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enforcement authorities and we will co-operate with those authorities by
disclosing your identity to them.
WHICH COUNTRY’S LAWS APPLY TO ANY DISPUTES?
As a consumer, please note that these terms of use, their subject matter and
their formation, are governed by Kenyan law. You and we both agree that the
courts of Kenya will have exclusive jurisdiction.
DISCLAIMER
The following Charges are levied by external parties and may be beyond the
Bank's control.
The following Charges are levied by external parties and may be beyond the
Bank's control:
Legal Fees: The amount indicated is charged by the appointed external Lawyers
according to the Advocates (Remuneration) (Amendment) Order, 2014 (as varied or
amended). It does not include VAT and disbursements as these will be clear after
the Lawyers have completed their work.
Insurance: The amount indicated above is charged by the Insurer on the basis of
the Option selected by the borrower for the period of the Facility. Insurance
includes Mortgage Protection, Credit Life Insurance, Fire Insurance, Property
Insurance and Car Insurance, where applicable.
Government Levies: This means Excise Duty at 10% of the Application / Processing
/ Initiation/ Arrangement/ Commitment Fees charged. The estimate provided in
this calculator does not include VAT and other Government Levies.
Stamp Duty: This is a Government Levy on sale of property charged typically
between 1% and 4% of the value of the property.
Valuation Fees: The amount indicated is charged by the appointed Valuers
according to the Land Valuers Licensing (Remuneration) Notice 2013 (as varied or
amended). It does not include VAT and Disbursements as these will be clear after
the valuation work is complete.
Security Registration Fee:The amount is payable to the Government Registry where
the Security will be registered and has not been indicated within this online
APR calculator.
Other Third Party Costs: There are other costs associated with the facility that
may not be within the lender's purview and therefore have not been factored into
this APR calculator.
ADDITIONAL DISCLAIMER:
1. This is a loan estimate by costofcredit.co.ke which is a complementary
service by Kenya Bankers Association. The estimate provided is not a loan
contract and is a non-binding approximation of the cost of a bank loan in an
effort to help prospective borrowers estimate loan costs. If you are
interested in a bank loan, you should contact a bank directly for an
official loan estimate as bank charges and fees may vary;
2. The Annual Percentage Rate (APR) is the Total Cost of Credit (TCC)
annualized and may vary from time to time;
3. The external charges featured here are estimates on third party costs that
are associated with the loan facility that you wish to apply for; and
4. Please contact your bank for further details on the total cost of credit for
the loan you wish to apply for.
ABOUT THE TOTAL COST OF CREDIT CALCULATOR
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Estimate the total cost of credit and APRs, and compare different banks'
offerings on this calculator. Learn more about loan charges and what the cost of
credit constitutes.
ABOUT THE DISPOSABLE INCOME CALCULATOR
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Shopping for a loan? It is important to establish how much your disposable
income is and what you can afford to commit towards your loan repayment. This
calculator helps you draft a budget, establish your disposable income and
estimate how much you can commit towards a loan repayment and based on this how
much credit you could qualify for.