← Kreditspark
Fee Schedule
All fees charged by Kreditspark are listed here. No hidden charges. Published in compliance with the CBN Consumer Protection Framework.
Last updated: 18 June 2026
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Ajo (Rotating Savings Circle)
Charged when a member receives their payout (harvest)
| Fee | Rate | When charged |
|---|---|---|
| Platform round fee | 5.0% of gross pot | Deducted from pot at payout |
| Organiser admin fee | Set by organiser Flat ₦ or % of pot; shown on group invite |
Deducted from pot at payout |
| Security deposit | 1× contribution amount Held in escrow, not a fee |
Held on joining; refunded on group completion or eligible exit |
| Late contribution fine | Set by organiser per day ₦0 if not configured |
Applied after grace period expires; goes to group pot |
| Grace period | Set by organiser Hours after due date before fine starts |
No charge during grace period |
Worked example — 10-member group, ₦10,000/round
Gross pot (10 × ₦10,000)
₦100,000
Platform fee (5.0%)
−₦5,000
Collector receives
₦95,000
+ Organiser fee if applicable (set per group)
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P2P Loans (Ajo members only)
Loans between members of the same Ajo group
| Fee | Rate | When charged |
|---|---|---|
| Platform origination fee | 5% of loan amount | Deducted from loan at disbursement |
| Interest | Negotiated between lender & borrower Max 30% per 30 days |
Due at repayment; goes to lender |
| Loan amount caps by KYC tier |
Tier 1: ₦50,000 Tier 2: ₦200,000 Tier 3: ₦500,000 |
Per loan, not cumulative |
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Wallet & Withdrawals
Funding and withdrawing from your Kreditspark wallet
| Fee | Rate | Notes |
|---|---|---|
| Bank transfer top-up (NUBAN) | Free | Transfer to your dedicated Wema account |
| Card top-up | Paystack standard rates | 1.5% + ₦100 (capped at ₦2,000) per Paystack |
| Withdrawal to bank | Free | Usually within 2 minutes |
| Daily withdrawal limits |
Tier 1: ₦50,000/day Tier 2: ₦200,000/day Tier 3: Unlimited |
Upgrade KYC to increase limit |
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Gifting (Water)
Send money to friends on or off the platform
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No fees on gifts
100% of what you send reaches the recipient. Gifting is fee-free to encourage sharing.
Fee changes: Kreditspark will give at least 30 days' advance notice of any fee increase via WhatsApp and in-app notification, as required by the CBN Consumer Protection Framework.
Organiser-set fees (admin fee, late fines) are set per group and shown before you join — Kreditspark does not control or benefit from these.
Questions? support@kreditspark.com