Total Cost of Credit
Estimated summary of loan costs
Total Cost of Credit refers to the total amount payable for a loan, including all bank fees and charges, and estimated third costs such as legal fees,
valuation and stamp duty in the case of loans secured by a physical asset.
National Bank in its efforts for transparency on Cost of Credit and in order to empower its customers to make an informed decision would like to
summarize the Total Cost of Credit that relates to your loan.
Final Disclosures on total cost of credit for secured facilities to be done at the point of accepting the terms of letter of offer.
General Infromation
Date: 31/07/2024 9:36
Customer Name: KEVIN ODONGO OMOLLO
Postal Address: P.O. BOX 84 KAPTAGAT
Account Number: 0
Branch Name: Kisumu Branch
1 Loan Type Unsecured Personal Loans
2 Loan Amount 700,000.00
3 Type of Interest Rate Reducing Balance
4 Interest Rate Period Annually
5 Standard Interest Rate 17.80%
6 Fixed or Variable Interest Rate Variable
7 Loan Period Time (Tenor) 96
Additional Bank Charges
1 Application & Processing Fee -
2 Monthly Service Fee -
*Third Party Costs
1 Brokerage Fees -
2 Attorney & Notary Fees -
3 Total Credit Life Insurance (Incl.Training Levy + PH Fund) 30,938.60
4 Other Insurance Specific to Taking Out Credit -
5 Government Levies -
6 Valuation -
Other Costs
1 -
2 -
Annual Percentage Rate
19.3%
Terms and Conditions: Annual percentage Rate may vary due to Third Party costs or changes in Loan Tenure/Amount
Customer's Name Customer Signature Bank Oficial Signature Date
National Bank of Kenya is regulated by Central Bank of Kenya Ltd
Version 1.0_Jan_2022
# Public Data
