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.
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We recommend that you print a copy of these terms for future reference.
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.
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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.
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.
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.