How much is the interest should I want a loan?
Great question! Mukuru loans are designed to be affordable and rewarding. When you take your first loan, there’s a once-off 10% initiation fee (excluding VAT) on the loan amount. Interest is charged only on the due date and again at 30 days past due—so you have time to manage your repayments comfortably.
Here’s the exciting part:
- First-time loan: Only 5% interest.
- From your second loan onwards: You enjoy a reduced rate of just 3% interest—a reward for being a loyal customer!
So, the sooner you complete your first loan, the sooner you unlock lower rates and even faster access to funds. Ready to take your first step toward financial flexibility?