Pricing & fees

Pricing and fees

Every figure on this page is computed by the same engine that prints the disclosure you sign. Nothing is rounded for marketing, and there are no fees that appear later.

How we calculate APR

APR annualises the cost of credit (fees plus interest) over the loan's tenor:

APR = (cost of credit ÷ principal) × (365 ÷ tenor days)

For short loans this produces large percentages: a 7% cost over 30 days is 85% a year. We show it anyway, because it is the only figure that lets you compare a 30-day loan with anything else.

Before you sign

You receive a Total Cost of Credit disclosure with your exact principal, fee, interest, total, APR and every due date. It is binding on SonkoLend. You may withdraw at any time before signing at no cost.

Loan calculator

KES 50,000

M-PESA

Product

Informal Loan Salary Advance

Amount (KES) (1 – 100k)

Repay over

30 days 60 days 90 days

Origination fee (5%)KES 2,500

Interest (0% per month on balance, 30 days)KES 0

Chama cover reserved50% of loan value

Final repayment29 Oct 2026

Total repayable KES 52,500

Cost of credit KES 2,500. APR 60.8%

If late: 0.06% of outstanding principal per day after the grace period.

Your chairperson must approve the request before SonkoLend disburses.

Informal Loan

Loan for Village

Fee table

Amount and tenor	KES 1 – 100k · 30 – 90 days
Origination fee	5% of principal, charged once
Interest	0% per month on the outstanding balance
Repayment	Equal principal instalments every 30 days
Late fee	0.06% of outstanding principal per day, from day 8
Grace period	0 days
Chama cover reserved	50% of loan value
Payments applied to	Penalties → interest → principal → fees

Worked example: KES 50,000 over 30 days

Principal (what you receive): KES 50,000
Origination fee: KES 2,500
Total interest: KES 0
Cost of credit: KES 2,500
Total repayable: KES 52,500
APR: 60.83%

Repayment schedule

#	Due	Amount
1	29 Oct 2026	KES 52,500

Salary Advance

Fee table

Amount and tenor	KES 1 – 50k · 1 – 30 days
Origination fee	5% of principal, charged once
Interest	0% per 30 days on the full principal
Repayment	One payment at the end of the tenor
Late fee	0% of outstanding principal per day, from day 8
Grace period	0 days
Chama cover reserved	20% of loan value
Payments applied to	Penalties → interest → principal → fees

Worked example: KES 25,000 over 1 days

Principal (what you receive): KES 25,000
Origination fee: KES 1,250
Total interest: KES 0
Cost of credit: KES 1,250
Total repayable: KES 26,250
APR: 1,825.00%

Repayment schedule

#	Due	Amount
1	30 Sep 2026	KES 26,250

Late payment

Days 1 to 7 late you receive SMS reminders and nothing is charged. From day 8 the daily late fee in the table applies to the principal still outstanding, and your chairperson is informed. From day 15 our team contacts you and can offer a restructure.

No CRB listing happens under 30 days late, and never without 30 days written notice. How CRB listing works.

What we never charge

No application, processing or insurance fees.
No fee for withdrawing before you sign.
No early-repayment penalty: on a declining-balance loan, repaying early reduces the interest you pay.