Executive Banking
Sustainability
E-Citizen
Frequently asked questions
- What are the charges?
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You will be charged a one-off fee of 8% for a term of 1 month, 10% for a loan term of 2months and 12% for a loan term of 3 months, on the loan amount + 0.034% pm insurance fee (insurance is for all loan types) + excise duty of 20%. The fees are deducted upfront (i.e., before the money is deposited in your MCo-opCash wallet account). For example, if you request a loan of Kes 10,000:
Fee for 1 month loan Insurance Excise duty Total cost Amount that is credited to your account Kes 800(8% of 10,000) Kes 3.4 (0.034% of 10,000) 20% of 800 is 160 Kes 963.4 Kes 9,036.60