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Digital Till Float

Product terms, pricing, eligibility, disbursement, repayment, documentation, and immutable version audit.

DIGI-TILL-FLOAT / v1.7

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Product header

suspended

Code

DIGI-TILL-FLOAT

Class

digital

Status

suspended

Version

v1.7

Name: Digital Till Float
Owner: Embedded digital credit
Approval route: Suspension review
Term sheet: CBK/TS/DIGI-TILL-FLOAT/2025-11

Pricing config

EIR

Nominal rate

23.50%

APR

16.43%

EIR

29.53%

TCC

Ksh 2,464

5.48%

Rate bands by risk tier

Risk tier	Score range	Nominal rate %	CBK cap check
A	Stable till velocity	19.00%	within
B	Standard till velocity	23.50%	watch
C	Thin file	28.00%	hold
D	Exception route	0.00%	hold

APR/TCC disclosure

Representative amount: Ksh 45,000
Representative tenor: 4 months
Total fees: Ksh 450
Total repayable: Ksh 47,464
Flat-to-EIR conversion: 29.53%

Fee schedule

Fee	Basis	Value	Timing	Disclosure
API origination	percent	1.00%	origination	Presented in partner checkout before drawdown.

Eligibility rules

Min/max age: 18 - 65
Employment-status: Merchant with active till
CRB-score-minimum: 590
Daftari-depth-minimum: Ninety days till flow and sweep repayment history
Chama-standing: Not required
Geographic-restrictions: Partner API coverage only

Disbursement config

Channel: Partner API
M-Pesa B2C vs bank transfer: M-Pesa B2C
Same-day vs next-day: same-day
Settlement-bank: Equity Bank Kenya - Situ digital settlement 041

Repayment config

Method: annuity
Day-count convention: Actual/365
Grace-period: 1 days
Early-settlement-fee %: 0.00%

Documentation checklist

5 required docs

National IDKRA PINDigital consent replayTill ownership evidencePartner risk score

Version history

immutable audit log

Version	Effective date	Change notes	Approved by
v1.7	2025-11-12	Suspended new origination pending partner disclosure refresh.	Conduct risk committee
v1.6	2025-08-22	Added API consent replay evidence to onboarding.	Digital credit committee