Interest is quoted per month
2.8% per month applies across all four products, calculated on the approved principal.
Terms & charges
What a facility costs, how it is communicated, and what is never charged.
- No hidden charges
- Applying is free
The parts of a cost
Anatomy of your cost
Every part of a facility’s cost, and when it is known. The segments are not drawn to scale; hatched parts are not fixed in the published terms.
- PrincipalThe approved amount
- Interest2.8% per month1
- Processing feeDisclosed at approval
- Other applicable chargesDisclosed at approval
- Cost of applyingNone
Timing
When you are told
- At enquiryIndicative terms
- At approval, in writingFull approved terms
- Before disbursementRepayment schedule
- In writingAny change to terms
Charges
How charges are communicated
No hidden charges
Every applicable loan charge appears on a written schedule. Nothing is charged without your prior acceptance.
Free access to service
No fees or commissions are required to be served. Enquiries, applications and credit assessment are free.
You accept before signing
Interest, any processing fee and other loan charges are explained and accepted before you commit.
All charges scheduled & accepted
We have no hidden charges. Every applicable loan fee, including any processing fee, is listed on a written schedule and applies only after you accept it. Access to service, application and credit assessment require no fees or commissions.
Responsible lending
Responsible lending
Lending that can be accounted for — documented, disclosed and confidential.
Licensing position
Biashara renews its money lending licence every year. The licence page presents the reference copy and key details. For verification of the current licence, kindly contact the Board of Directors.2
Client safeguards
Approved terms are disclosed before signature, client information is handled confidentially, and collections are conducted within the law and with respect for the client.
Documentation
Required client information and supporting documents are reviewed and recorded before approval.
Affordability
Ability to repay forms a core part of every credit decision, not an afterthought.
Terms disclosure
Approved interest, processing fee, repayment schedule and other applicable terms are communicated in writing.
Confidentiality
Client information is used only for legitimate assessment and servicing purposes.
Notes
2.8% per month applies across all four products, calculated on the approved principal.
Company Profile 2026 · page 15
Biashara renews its money lending licence every year. To verify the current licence, kindly contact the Board of Directors.
Company Profile 2026 · page 24