Digital Loan App APR & True Interest Calculator

Expose the true annual percentage rate (APR) and cumulative interest fees of digital lenders in Kenya.

How it works

This tool uses real-time data from official sources (CBK, KRA, Safaricom) updated as of 5/1/2026. Calculations are based on the latest 2026 finance regulations.

Exposing Digital Loan Apps: Exorbitant APR Rates Exposed

Digital mobile lenders have surged in popularity in Kenya, offering instant short-term credit via mobile apps. However, these loans are often accompanied by deceptively high interest rates and hidden processing fees.

Unmasking the True Annual Percentage Rate (APR):

  • Flat Monthly vs Annual Fees: A mobile loan app charging a seemingly small "15% flat fee for 30 days" translates to an annual interest rate (APR) of **180%**!
  • Hidden Roll-Over & Late Fees: Failing to pay within the specified terms triggers steep rollover penalties that compound your debt balance rapidly.
  • Regulatory Supervision: The Central Bank of Kenya (CBK) actively regulates Digital Credit Providers (DCPs), requiring apps to transparently list all interest, commissions, and late penalties to prevent predatory practices.