LoanTruth: True Loan Cost

Before you borrow, see what each loan really costs in shillings — and see the transparent math behind it.

LoanTruth is a neutral, Kenya-first borrowing comparison calculator. We normalize mobile overdrafts, digital credit provider apps, bank mobile loans, government funds, and SACCO credit into one clear, ranked list sorted by total shilling cost.

WHY LOANTRUTH?
Different Kenyan credit products charge in completely different ways:
• Access fees deducted upfront before disbursement
• Flat monthly facilitation charges
• Daily access fees that accumulate over time
• Government interest rates with mandatory savings portions
• SACCO flat interest vs. reducing-balance interest

Headline interest rates like "1% per month" or "fee of 5%" hide the true annualized cost. LoanTruth solves this apples-to-oranges problem by evaluating every loan option against your exact borrowing amount and repayment period.

9 VERIFIED KENYAN PRESETS INCLUDED:
1. Fuliza (M-Pesa overdraft daily fee + 20% excise duty)
2. M-Shwari (3.75% facility fee)
3. KCB M-Pesa (2.49% facility fee)
4. Tala (Service fee tiers + excise duty)
5. Branch (Service fee model)
6. Timiza (Absa mobile loan facility fee)
7. Hustler Fund (8.0% p.a. daily charge + 5% mandatory savings allocation)
8. SACCO Reducing Balance (Amortized interest on declining principal)
9. SACCO Flat Rate (Interest calculated on full original principal)

KEY FEATURES:
✔ Transparent Cost Ranking: Enter your amount (e.g. KES 10,000) and days needed (e.g. 30 days) to see which lender charges the least in real Kenyan Shillings.
✔ True APR Normalizer: Standardizes flat fees, upfront deductions, and compound interest into a single, directly comparable annualized cost metric.
✔ Transparent Formula Breakdown: Tap any lender row to inspect exact fee components, excise duty, net cash received, total repaid, and cash-flow formulas.
✔ 100% Customizable Rates: Have a personalized offer or updated tariff? Tap "Edit terms" to input your exact rates and recalculate instantly.
✔ 100% Offline Core & Privacy-First: All calculations, history, and custom terms stay strictly on your device. No signups, no logins, no phone permissions, no bank linking.
✔ Light, Dark & System Theme: Clean, battery-friendly reading mode designed for all lighting conditions.
✔ Free & Accessible: Zero subscriptions and zero paywalls.

STRICT INDEPENDENCE & NON-AFFILIATION NOTICE:
LoanTruth is an independent educational and calculation tool. It is NOT affiliated with, endorsed by, or sponsored by Safaricom, NCBA Bank, KCB Group, Tala, Branch International, Absa Kenya, the Government of Kenya, or any SACCO. All product names and figures are used descriptively for consumer comparison under fair nominative use.

IMPORTANT REGULATORY DISCLAIMER:
LoanTruth is an informational calculator. It is NOT a lender, Digital Credit Provider (DCP), bank, or credit broker. It does not issue loans, process credit applications, or provide financial advice. Figures displayed are mathematical estimates based on published tariffs. Always verify final terms with your lender or SACCO before borrowing.