Help Centre
Late charges by product
The exact daily rates that apply if a payment is overdue
Each Avenews product has its own late repayment terms. Here are the rates that apply if a payment is overdue.
Agri Credit Line
From day 1 to day 14 overdue: the same daily markup as your original term
From day 15 onwards: the daily markup increases by 150% of the original rate
Agri Buyer Financing
From day 1 to day 14 overdue: 0.23% per day, the same as the original rate
From day 15 onwards: 0.345% per day
Stockist Financing
From day 1 to day 14 overdue: 0.23%, 0.21%, or 0.19% per day, depending on your original 30, 60, or 90 day term
From day 15 onwards: 0.345%, 0.315%, or 0.285% per day for the same terms
Agri Supplier Financing
From day 1 to day 30 overdue: 0.17% per day, the same as the original rate
From day 31 onwards: 0.255% per day
ASF Express
From day 1 to day 30 overdue: 0.23% per day, the same as the original rate
From day 31 onwards: 0.345% per day
Worked example
Say you owed a final repayment of KES 100,000 plus KES 8,920 markup on Agri Credit Line, due on day 30. You pay 20 days late.
Days 1 to 14 overdue: original daily rate of 0.2975% per day
Days 15 to 20 overdue: 150% higher rate, applied for the remaining 6 overdue days
These charges are added to what you already owe
How to avoid late charges
If you might be late, talk to our team early. The earlier we hear from you, the more options we have to work with you.