How to Use the M-Shwari Loan Calculator: Step-by-Step

Here’s how to use the calculator to estimate your loan costs and repayment details:

Calculating Your M-Shwari Loan Details

1. Navigate to the M-Shwari Loan Calculator Tool
   No registration is required—just visit the page directly.
2. Input Your Loan Amount
   Locate the “Loan Amount” field on the page. Enter the amount you wish to borrow—for example, Ksh 10,000.
3. Select the date you would like the money to be disbursed so as to compute the date of loan payment
4. Select the Calculation Option
   Click the “Calculate” button next to the input field. This prompts the calculator to compute the total repayment, including the facility fee (typically 7.5%) and excise duty (1.5%), based on M-Shwari’s standard rates.
5. View Your Loan Breakdown
   The results display instantly. For a Ksh 10,000 loan, you’d see something like:
   - Excise Duty: Ksh 150
   - Amount Deposited to M-PESA: Ksh 9,850
   - Facility Fee: Ksh 750
   - Total Repayment: Ksh 10,750
   (Note: Results assume current rates; the calculator provides estimates, not actual transactions).

Exploring Different Loan Scenarios

To test various loan amounts, simply repeat the process by entering a new figure in the “Loan Amount” field and clicking “Calculate” again. This helps you find a loan size that fits your budget.