*📌 How Expensive is Fuliza? (Explained Simply)* Fuliza charges Access fee one time: 1% of the amount borrowed. Excise duty: 20% of the access fee Maintenance fee/ Interest. Excise duty: 20% of the maintenance fee/ Interest. *Example Calculation: Borrowing KSh 1,000 for 30 Days* ```Access fee: 1,000 x 1% = 10 Excise duty(20%) on access fee: 10 x 20% = 2 Maintenance fee/ Interest = 6 x 30 = 180 Excise duty(20%) on maintenance fee: 180 x 20% = 36 Total Charges: 10 + 2 + 180 + 36 = 228 Total amount to pay back: 1,000 + 228 = 1,228``` ✅ Good to Know: * No daily fee for the first 3 days if you borrow below KSh 1,000 *What is the Fuliza access fee?* The Fuliza access fee is a one-time amount charged to all amounts borrowed on Fuliza. Currently, the access fee is 1%.