Our Rates
Higher returns on savings instruments.
Lower rates on cash loans and assets financing.
That's why wazalendo clients are always ahead !!!
Rates effective as of January 20th, 2022 a pdf printable rate page
Services
Earn ksh. 4,500/- if you save 208/- per month nonstop
| Length of Term | Rate / APY1 |
|---|---|
| Ksh. 100,000 and above | Jumbo |
| 3 month | 0.25% / 0.25% |
| 6 month | 0.40% / 0.40% |
| 12 month | 0.55% / 0.55% |
| 2 years | 0.75% / 0.75% |
| 3 years | 0.85% / 0.85% |
| 4 years | 0.90% / 0.90% |
| 5 years | 1.05% / 1.05% |
| Under Ksh. 100,000 | Regular |
| 3 month | 0.20% / 0.20% |
| 6 month | 0.35% / 0.35% |
| 12 month | 0.50% / 0.50% |
| 2 years | 0.70% / 0.70% |
| 3 years | 0.80% / 0.80% |
| 4 years | 0.85% / 0.85% |
| 5 years | 1.00% / 1.00% |
Liquid Certificate2
| Length of Term | APY1 |
|---|---|
| 12 months | 0.35% |
Regular Saver
| Dividend Rate | APY1 |
|---|---|
| 0.698% | 0.70% |
Youth Club
| Requirements | Dividend Rate |
|---|---|
| Ksh. 208/- minimum required | Available at Regular Term Share Certificate yields. Not applicable with 18 month and 5 year share certificate products. |
1APY = Annual Percentage Yield. Refer to your Agreements & Disclosure booklet for terms and conditions applicable to specific accounts. Rates effective per date listed at top of table.
If rates go up, you can request a one-time rate adjustment to the higher prevailing APY during the original term of your certificate. Bump-up rate will match the then-current 18-Month Bump-Up Share Certificate rate in effect at time bump-up option is exercised. New rate will carry forward from the date of increase and will not be retroactive. Unless you indicate otherwise, at the time of maturity the certificate will be reinvested into the 18-month Share Certificate term (without the bump-up option) at the then-current rate in effect.
2Cash Liquid Certificates. Ksh. 208/- minimum balance required. Liquid Share Certificates allow for penalty-free withdrawals. Fees may reduce earnings. Additional deposits are permitted at any time prior to maturity. 12-month term.
3As of date of rate change
At time of maturity, share certificates will automatically renew at the prevailing share certificate rate.
12-month challenge
| Minimum Balance | Dividend Rate/APY1 |
|---|---|
| zero ‑ $4,999 | 0.10% / 0.10% |
| Ksh. 5,000 ‑ 9,999 | 0.10% / 0.10% |
| Ksh. 10,000 ‑ 24,999 | 0.10% / 0.10% |
| Ksh. 25,000 ‑ 49,999 | 0.15% / 0.15% |
| Ksh. 50,000 ‑ 99,999 | 0.25% / 0.25% |
| Ksh. 100,000+ | 0.25% / 0.25% |
1APY = Annual Percentage Yield. Refer to your Agreements & Disclosure booklet for terms and conditions applicable to specific accounts. Rates effective per date listed at top of table.
High-Yield Returns
| Balance | Dividend Rate / APY1 |
|---|---|
| zero ‑ 2,499 | 0.15% / 0.15% |
| Ksh. 2,500 ‑ 9,999 | 0.20% / 0.20% |
| Ksh. 10,000 ‑ 49,999 | 0.25% / 0.25% |
| Ksh. 50,000 ‑ 99,999 | 0.40% / 0.40% |
| Ksh. 100,000 ‑ 249,999 | 0.50% / 0.50% |
| Ksh. 250,000 + | 0.50% / 0.50% |
1APY = Annual Percentage Yield. Refer to your Agreements & Disclosure booklet for terms and conditions applicable to specific accounts. Rates effective per date listed at top of table.
Dividends accrue daily and paid monthly. Minimum balance to open is Ksh. 10,000.00.
Regular Savings (withdrawable at anytime)
| Daily Access Accounts | Minimum Balance | Dividend Rate / APY1 |
|---|---|---|
| Regular Share / Savings Account Dividends accrued daily, paid quarterly. | zero | 0.05% / 0.05% |
1APY = Annual Percentage Yield. Refer to your Agreements & Disclosure booklet for terms and conditions applicable to specific accounts. Rates effective per date listed at top of table.
Loans
Car Loan
| Status | APR1 per month |
|---|---|
| New | Ksh 1,599/- |
| Used | Ksh 1,599/- |
Motorcycle
| Status | APR1 per day |
|---|---|
| New | Ksh 63/- |
| Used | Ksh 63/- |
Tuk-Tuk
| Status | APR1 per day |
|---|---|
| New | Ksh 74/- |
| Used | Ksh 74/- |
1Annual Percentage Rate (APR). All loans subject to credit approval. Rates effective per date listed at top of table.
The actual rate you receive is determined by a combination of factors, including credit qualifications, loan amount, collateral, down payment and terms. Rates and terms and conditions are subject to change. The value of new vehicles is determined by MSRP, and the value of used vehicles is determined by Kelley's Blue Book.
Regular Loan
| BORROW | PAY PLAN | x10 months | x12 months | x18 months | x24 months | x36 months | x48 months |
|---|---|---|---|---|---|---|---|
| 10k | 👇 | 1,250/- | 1,084/- | 839/- | 629/- | n/a | n/a |
| 15k | 👇 | 1,860/- | 1,550/- | 1,234/- | 925/- | n/a | n/a |
| 20k | 👇 | 2,420/- | 2,017/- | 1,578/- | 1,184/- | n/a | n/a |
| 25k | 👇 | 3,002/- | 2,502/- | 1,945/- | 1,460/- | n/a | n/a |
| 30k | 👇 | 3,562/- | 2,969/- | 2,299/- | 1,799/- | n/a | n/a |
| 40k | 👇 | 4,623/- | 3,852/- | 2,913/- | 2,185/- | n/a | n/a |
| 50k | 👇 | 5,707/- | 4,756/- | 3,564/- | 2,763/- | n/a | n/a |
| 75k | 👇 | 8,372/- | 6,993/- | 5,186/- | 3,841/- | n/a | n/a |
| 100k | 👇 | 11,199/- | 9,350/- | 6,890/- | 5,170/- | n/a | n/a |
| 125k | 👇 | 13,698/- | 11,420/- | 7,950/- | 6,210/- | n/a | n/a |
| 150k | 👇 | n/a | n/a | 9,670/- | 7,250/- | 5,175 | n/a |
| 175k | 👇 | 18,750/- | 15,879/- | 10,975/- | 8,450/- | 6,150/- | 4,999/- |
| 200k | 👇 | n/a | 17,950/- | 12,450/- | 9,650/- | 6,899/- | 5,460/- |
| 250k | 👇 | n/a | n/a | 15,318/- | 11,750/- | 8,230/- | 6,550/- |
| 300k | 👇 | n/a | n/a | 18,625/- | 15,000/- | 9,999/- | 7,850/- |
| 500k | 👇 | n/a | n/a | 29,378/- | 22,532/- | 15,789/- | 12,359/- |
| 750k | 👇 | n/a | n/a | n/a | n/a | n/a | n/a |
| 106 | 👇 | n/a | n/a | n/a | n/a | n/a | n/a |
CREDIT BASED LOAN
| CREDIT SCORE | ≤60 | >60‑70 | >70‑80 | >80‑85 |
|---|---|---|---|---|
| ≥750 | 5.990% | 6.125% | 6.375% | 7.000% |
| 720‑749 | 6.250% | 6.375% | 6.500% | 7.250% |
| 680‑719 | 6.500% | 6.625% | 6.750% | NA |
1Annual Percentage Rate: Rates are monthly based and may differ depending on your credit score and other underwriting factors such as continuous participation in mzunguko. Information displayed above on rates, loan products and fees are the most current available and is subject to change without notice. If you do not lock in a rate when you apply, your rate at closing may differ from the rate in effect when you applied. Rates effective per date listed at top of table.
The displayed Annual Percentage Rates (APR) for the loan products shown in the table above reflect the interest rate and the approximate cost of prepaid finance charges, including fees, but does not include other costs or discount points. The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs.
All applications are subject to credit approval; not all applicants will be approved. Programs, rates, and terms and conditions are subject to change without notice.
Cash loans may not be available to everyone. Estimated payments do not include amounts for mpesa sending cost and the money that you actually receive at the time of disbursement may be lesser by 105/- shillings. Wazalendo refuses with absolute certainity to cater for the mpesa fees.
*750k + one million shillings loan. These loan amounts are currently not available. They'll be made available come year 2028 ... The maximum credit limit and loan amount that you can currently procure from us is 250,000/- shillings or more through our assets financing program.
1APR= Annual Percentage Rate. Rates are based upon creditworthiness; your rate may differ depending on Combined Loan-to-Value (CLTV), and other underwriting factors. Information displayed above on rates, loan products and fees are the most current available and is subject to change without notice. If you do not lock in a rate when you apply, your rate at closing may differ from the rate in effect when you applied. Rates effective per date listed at top of table.
The displayed Annual Percentage Rates (APR) for the loan products shown in the table above reflect the interest rate and the approximate cost of prepaid finance charges, including points, but does not include other costs or discount points. The actual fees, costs and monthly payment on your specific loan transaction may vary and may include additional fees and costs. For example, loans with LTVs in excess of 80% typically require mortgage insurance which will increase both your APR and monthly payment.
All applications are subject to credit approval; not all applicants will be approved. Programs, rates, and terms and conditions are subject to change without notice. Full income and asset documentation are required. Loan secured by a lien against your property. Interest rates, points, and Annual Percentage Rates (APRs) may differ by product and State and be adjusted based upon your credit history, loan-to-value (LTV), occupancy, property type, loan amount and loan purpose.
Mortgage loans may not be available in all areas. Estimated payments do not include amounts for taxes and insurance and your actual payment may be greater.
Homeowner's property insurance is required. Flood insurance may be required. Loan together with any other mortgage(s) cannot exceed 85% of the property value in 1-unit owner-occupied properties. Non-owner-occupied properties are not eligible. Loan amounts from Ksh. 500,000+ require a full appraisal paid by the member. Applicable appraisal fees may vary. Consult your real estate agent and tax advisor regarding deductibility of interest and charges.
Kwik Cash
| REPAY | TERM | |
|---|---|---|
1APR = Annual Percentage Rate is variable and subject to change. This is wazalendo’s most recent published rate.
3Kwik Cash - Subject to credit approval. Rates, loan amounts, and terms are based on standard underwriting factors. Wazalendo earns 118/- per month on Kwik Cash, and 187/- if the client seeks a maximum amount of Ksh. 10,000/- shillings. The difference is based on clients's continuous participation in mzunguko. This rate will always stay the same.