You can now use our calculator to learn on how much interest Stawi App Loan charges per year. Repayment procedures will be updated later.
About Stawi Loan
Stawi Loan is a loan provided through a mobile app for small and medium-sized enterprises (SMEs) in Kenya that was launched by the central bank of Kenya governor on 20th May 2019 in partnership with CBA, Cooperative Bank, DTB, KCB and NIC bank (download pdf of CBK press release about Stawi Launch).
To learn more about Stawi Loan visit: How Stawi Loan Works
Stawi Loan Interest Rates
According to the StandardMedia, interest rates for stawi loan are 9% per year plus facility fee of 4%, insurance fee of 0.7% and exercise duty of 20% of facility fee. That is the criteria we have used create this calculator.
Stawi Loan Calculator
Get to know of how much you will be charged per year for each stawi loan you take using the calculator provided below.
This calculator was created by Kenyayote. You can check interest rates upto a period of 3 years. It should however be noted that you should repay your loan within 1 year.
UPDATE: This calculator has been removed since Stawi has developed its own. We have a provide a link to stawi website where you will find the calculator.
NOTE: Let us know via email if you find any error with this calculator.
Do not miss all our latest updates about Stawi Laon Calculator
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Av carculated the interest is 14.5%
This is the best initiative so far by Jubilee government. They need to scale up the funding to disburse yearly to the level of mega projects. The payback will be immediate. Imagine sme’s in agriculture, small manufacturing and services business that will employ thousands. carpentry businesses, hair dressing, mama mboga’s, poultry, dairy, wielders etc
This is encouraging because of ease and convenience of accessing the loan.
A good one. Am for the idea that all charges be merged and the final interest rate be published. No need to hide anything.
why say 9% and in real sense its 14% we need to be realistic and speak the truth but its a good thing
Wycliffenasiali@gmail.com
Great stuff especially for business people.
I have calcilated the interest rate is 14.5%
same to me so no difference from taking from a bank
good opportunity for business.
great support for small businesses, good interest rates
It will any business person out there very helpful indeed.
This is good idea.