How M-Shwari pricing works
M-Shwari is NCBA Bank's mobile-first short-term loan product, accessed through the M-PESA menu under Loans and Savings. The pricing is simple: a flat 7.5% facility fee on the loan principal for the standard 30-day term. No daily interest, no compounding inside a term.
The fee is charged upfront when the loan disburses (technically deducted from your M-Shwari balance, so the net cash to you is principal minus fee). Repayment is auto-deducted from your M-PESA balance on day 30.
Rollover behaviour
If you cannot repay by day 30, M-Shwari extends the loan for another 30 days and charges another 7.5% facility fee on the original principal. Two periods means a 15% total fee, three periods 22.5%, and so on. CRB listing typically follows after 90 days late.
Practical advice: never roll over more than once. If you cannot repay after a single rollover, contact NCBA customer support before defaulting. They will sometimes restructure rather than CRB-list a customer who reaches out proactively.