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Faulu Kenya Loans 12%PA
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Lolest!
#21 Posted : Tuesday, July 30, 2013 8:55:27 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
simonkabz wrote:
Very expensive loans. VERY. Be warned.



We did a comparative analysis where a certain loan would require monthly installments of 82k while at National Bank over the same period and 17% interest the installment was around 65k pm. Be the judge.
what about repayment period? It's the other variable
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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simonkabz
#22 Posted : Tuesday, July 30, 2013 9:47:39 PM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Lolest! wrote:
simonkabz wrote:
Very expensive loans. VERY. Be warned.



We did a comparative analysis where a certain loan would require monthly installments of 82k while at National Bank over the same period and 17% interest the installment was around 65k pm. Be the judge.
what about repayment period? It's the other variable


bro wacha kuniangusha. Nini haieleweki? Ceteris Paribus if you like.
TULIA.........UFUNZWE!
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mwekez@ji
#23 Posted : Tuesday, July 30, 2013 11:35:49 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
simonkabz wrote:
Lolest! wrote:
simonkabz wrote:
Very expensive loans. VERY. Be warned.



We did a comparative analysis where a certain loan would require monthly installments of 82k while at National Bank over the same period and 17% interest the installment was around 65k pm. Be the judge.
what about repayment period? It's the other variable


bro wacha kuniangusha. Nini haieleweki? Ceteris Paribus if you like.


@simo, whats the loan amount under the comparative analysis and repayment period?
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simonkabz
#24 Posted : Wednesday, July 31, 2013 3:44:27 PM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
^ I think it was 3m over a 5yr period, my memory iko na kutu.
TULIA.........UFUNZWE!
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Ngong
#25 Posted : Wednesday, July 31, 2013 8:21:48 PM
Rank: Veteran

Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
Lolest! wrote:
mawinder wrote:
mwekez@ji wrote:
Ngong wrote:
This big but no branch in CBD?


They are in CBD, @OTC

Is OTC in CBD?

CBD is the area bound by Moi Ave, University Way, Uhuru Highway and Haile Selassie


Kuenda na Million hapo OTC ni challenge!
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mawinder
#26 Posted : Wednesday, July 31, 2013 8:37:49 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Ngong wrote:
Lolest! wrote:
mawinder wrote:
mwekez@ji wrote:
Ngong wrote:
This big but no branch in CBD?


They are in CBD, @OTC

Is OTC in CBD?

CBD is the area bound by Moi Ave, University Way, Uhuru Highway and Haile Selassie


Kuenda na Million hapo OTC ni challenge!

You simply dress like the people there pack the money in a paperbag and put sukumawiki on top and ensure you dont use your car.
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Lolest!
#27 Posted : Wednesday, July 31, 2013 9:15:55 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
simonkabz wrote:
Lolest! wrote:
simonkabz wrote:
Very expensive loans. VERY. Be warned.



We did a comparative analysis where a certain loan would require monthly installments of 82k while at National Bank over the same period and 17% interest the installment was around 65k pm. Be the judge.
what about repayment period? It's the other variable


bro wacha kuniangusha. Nini haieleweki? Ceteris Paribus if you like.

ni oversight, hadnt notef the same period phrase
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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mawinder
#28 Posted : Sunday, April 27, 2014 4:49:02 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Faulu is now the cheapest lender in Kenya at 9.5% interest per annum!!!!!!!!!!!!!!!!!!!!!!!!!
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jerry
#29 Posted : Sunday, April 27, 2014 5:46:00 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
mawinder wrote:
Faulu is now the cheapest lender in Kenya at 9.5% interest per annum!!!!!!!!!!!!!!!!!!!!!!!!!

Give an example! Amount, repayment period, payment per month, insurance, t&c...
The opposite of courage is not cowardice, it's conformity.
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bird_man
#30 Posted : Sunday, April 27, 2014 7:28:48 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
@Mawinder please give example as requested.Sometimes banks play customers like this....it could be 9.5% compounded interest instead of reducing balance....which is like 21% reducing balance equivalent.
Formally employed people often live their employers' dream & forget about their own.
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