All tools are free — no sign-up, no paywall. Know exactly what a loan costs before you sign. New: compare two loans side by side and see which one costs less over the full term. Check your affordability before applying — lenders use the 40% debt-to-income rule to approve or reject you. Understanding flat rate vs reducing balance interest can save you thousands. Read our guide in the Learn section. CRB listings can block your loan applications for up to 5 years. Learn how the CRB works and how to protect your credit record. All tools are free — no sign-up, no paywall. Know exactly what a loan costs before you sign. New: compare two loans side by side and see which one costs less over the full term. Check your affordability before applying — lenders use the 40% debt-to-income rule to approve or reject you. Understanding flat rate vs reducing balance interest can save you thousands. Read our guide in the Learn section. CRB listings can block your loan applications for up to 5 years. Learn how the CRB works and how to protect your credit record.

1 Terms

Financial Terms Glossary

Every loan term explained clearly, with real examples.

All A C D F G P R S T

T 1 term

Total Cost of Credit

The complete amount you will pay back, including principal, interest, and all fees. This is the most important number to look at before taking any loan — not the monthly payment, not the interest rate alone.

Always ask: "What is the total I will have paid when this loan is fully settled?"

Example: You borrow KES 100,000. Total cost of credit = KES 138,000. That means the loan costs you KES 38,000 extra — that is what borrowing actually costs you.