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Bank ~13-25% · SACCO ~12% · mobile loans often 60-400% annualised
= . Type above for longer terms, e.g. a 240-month mortgage.
Processing, arrangement, legal and valuation fees, plus excise duty on charges.
Credit life or asset insurance the lender requires, often 0.3-1.5% per year.
Ledger, account or administration fees some lenders charge every month.
This loan really costs
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Monthly payment
Interest + fees
Cost per 100