Loans & Credit

Use a credit card correctly — pay in full every month — and it costs you nothing. Carry a balance and you pay 36–48% annual interest, more expensive than most bank loans. Quick comparison — all 9 cards at a glance: Card Monthly rate Annual fee Credit limit Grace period Best for NCBA Gold Visa…

Mobile loans apps are the most widely used financial product in Kenya after M-Pesa itself. The number most Kenyans don’t know: M-Shwari’s “7.5% monthly fee” equals 90% annual interest. Fuliza’s “1% daily fee” equals 365% annually. This article shows you what every major mobile loan actually costs — in real shillings. Quick comparison — jump…