Tag Archives: Mobile loans

Cheap Mobile Loans

Quick and Easy Personal mobile loans: The Stashfin loan App and how to get lending easily

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Mobile loans have become more popular for customers seeking quick loans. Unlike over the counter loans, mobile loans offer convenience and flexibility. Take for example if one had an emergency; that requires financial attention, over the weekend and on public holidays when most banking halls are closed! Such an individual will suffer a great deal. But thanks to mobile loans Apps, one can process the loans online and instantly. All what is required is a smart phone and you will get your loan instantly. Furthermore, mobile loans are paperless and thus very few requirements, if any, are needed. Again, there so many lenders providing loans online. The Mobile lenders have developed Apps that can be downloaded freely from Play Store. Here is one of the lenders providing such loans online.

StashFin Mobile App; Making Personal Loans Easier

StashFin is India’s Fastest, Easiest, Safest and Smartest Personal Loan App.

StashFin App provides instant personal loan upto ₹5 lac at low interest rates with minimum documentation to fulfill your financial needs. It also provides short loans upto ₹10,000 across India. They are operational in more than 20+ cities in India.

Pick a personal loan that fits your budget, and see your progress with the same every month. In matters of loans, one size doesn’t fit all. StashFin offer the freedom to you to pick a loan that fits your budget, such that you are always in control of your finances. They understand that you have several financial obligations and so we are rooting for your success in managing your finances. Hence StashFin offers you the choice of picking a loan most suited to you.

Loan Amounts

StashFin loans range from ₹500 to ₹5,00,000 with repayment periods starting from 3 months to 36 months.
They offer interest rates ranging from 11.99% – 59.99% APR (Annual Percentage Rate), however rates may vary case to case.
All loans are paid through Equal Monthly Instalments (EMIs) via electronic payment.
They do charge low processing fees in certain cases and have no other hidden costs.

Loan Calculator

Example:
If a customer takes a loan of ₹10,000 for a period of 3 months, at an annual interest rate of 11.99% APR, then the customer will pay an EMI for 3 months of ₹3,400 per month.
Total payment over 3 months will be ₹10,200* (including principal and Interest).

The Quick Technique to Get Your Loan :

1). Download the StashFin App.
2). Register Your Account.
3). Fill out the Your Personal and Professional details with required documents.
4). After the submission, you may receive a call for verification.
5). The final application result will be shown in the APP and sent a text message via SMS if approved.
6). E-sign the loan agreement after the approval.
7). After the E-sign, the approved loan amount will be disbursed into your account within 5 minutes and SMS notification will be sent.

Required Eligibility:

1). You must be a citizen of India.
2). Your age must be 18+ years.
3). You must have a source of income (either Salaried or self Employed).

Required Documents:

Address Proof (either of Aadhaar/Voter ID/Passport/Driving License)
Identity Proof (PAN ID)

In some cases, you may be asked for the following documents:
1). Bank Statement
2). ITR/ GST Paper

Operational Cities:

StashFin is available in the following cities: Delhi-NCR (Delhi, New Delhi, Noida, Greater Noida, Faridabad, Ghaziabad, Gurgaon), Mumbai, Thane, Pune, Hyderabad, Chennai, Bangalore, Indore, Chandigarh, Panchkula, Pithampur, Bhiwandi, Zirakpur, Kharar.

Security & Protection of Privacy:

Data security and privacy is a top priority at StashFin. Their backend APIs comply with mandated security standards and robust protocols which have been tested and certified.

The APP requires the following permissions to function properly:
Text messages
Location
Contacts
Camera & Media
Device Info

Download the StashFin App from Play Store today and get your loan online via the mobile phone platform.

Cheap Mobile Loans

Fast and cheap mobile loans: The Jazika loans App download and how to get lending quickly

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Mobile loans have become more popular for customers seeking quick loans. Unlike over the counter loans, mobile loans offer convenience and flexibility. Take for example if one had an emergency; that requires financial attention, over the weekend and on public holidays when most banking halls are closed! Such an individual will suffer a great deal. But thanks to mobile loans Apps, one can process the loans online and instantly. All what is required is a smart phone and you will get your loan instantly. Furthermore, mobile loans are paperless and thus very few requirements, if any, are needed. Again, there so many lenders providing loans online. The Mobile lenders have developed Apps that can be downloaded freely from Play Store. Here is one of the lenders providing such loans online.

Jazika Mobile Loans

Jazika mobile app is the new, more flexible way to borrow emergency cash online.

Jazika gives you access to fast and convenient loans to your M-Pesa. Use their loans to grow your business, pay your bills or deal with emergencies.

Download Jazika loan app from google play and create account and answer a couple of questions.

Jazika will check how you have been using your phone to make calls, sms, data and how you use mobile money services such as M-Pesa. Jazika will notify you of the amount of money you can apply for

They will then send the loan to your M-Pesa account immediately and explain the repayment terms.

Just search for Jazika loans App on Play Store, download it and you are good to go.

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Cheap Mobile Loans

Fast and Cheap mobile loans to Mpesa: Opesa loans App download and how to get lending quickly

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Looking for quick credit loans in Kenya? OPesa offers fast money to your M-Pesa. The Opesa loans App is available on PlayStore.

The Quick Loan App OPesa offer:
1. Loan Amount: 500 Ksh ~ 30,000 Ksh
2. Loan Term: the shortest tenor is 91 days, the longest is 365 days
3. Interest rate: 12% APR
4. Service Fee: 0

Example: If the loan amount is 5,000 Ksh, the loan term is one year, and the interest rate is 12%, the total interest should be 5,000 Ksh * 12% = 600 Ksh.

What you need: OPesa offers the fast and safe loans to you. You just need a phone number, M-pesa account and good credit score, and the money will be transferred to your M-pesa account in a short time.

To apply for a loan, you just need to follow several easy steps:

1. Register with your M-Pesa number
2. Apply for the exact loan amount you need
3. Get approved and receive the money in minutes
4. Repay on time to get a credit limit of 30,000 Ksh

Privacy and Permissions:

OPesa verifies your identity and assesses your credits by collecting your full legal name, national ID, M-Pesa number (Submitted Information) and the data from your mobile phone including your SMS log, call log, GPS and other information (Device Information). They need your explicit permissions during registration to access those data. No loan can be disbursed if the data is missing. Note that Opesa take your privacy seriously and hence no need to be worried. All your data is well encrypted and secured.
More details: https://service.o-pesa.com/privacy.html

CONTACT OPESA

Reach OPesa at: [email protected] and +254-207650999.
Facebook: @OPesaOfficial
Office Address: Ring Road Parklands, Building: Apollo Center, Sarit Centre Nairobi

How to get the Opesa Loans App.

The Opesa loans App is available freely at Google play store. Just open Play Store on your phone, search for Opesa and install it. Open your Opesa App, once installed, Register and get your loan instantly.

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Cheap Mobile Loans

Branch Personal mobile loans App: How to use branch app on your phone

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Branch makes it easy for you to access loans for the way you live anytime, anywhere. Download the Branch App, Sign up in seconds, apply for a loan and receive your money straight to your account. It’s a fast, convenient and reliable way to access credit when you need it.

Available in Kenya, Nigeria, Mexico, and India. You can get up to Ksh 70,000, ₦150,000, 20,000 pesos, or 50,000 rupees. Get the right loan for you!

Get your loan right to your mobile money account, like MPesa (Kenya) or right to your bank account (Nigeria, Mexico, India).

Questions? Branch provides world-class support for your financial needs, 24 hours a day. Message them within the app and receive an answer in minutes!

IT’S EASY TO GET STARTED

* Create your account
* Apply in seconds
* Receive your loan straight into your mobile money or bank account
* Build your loan limit every time you repay a loan

KEY BRANCH FEATURES: LOANS ARE JUST A TOUCH AWAY

Branch puts you in control of your finances. The Branch app lets you apply for credit on the go and it works 24/7.

* No paperwork, collateral or office visits needed
* Use your money the way you want to — for home or business
* No late charges or rollover fees
* Get access to bigger loans, lower fees, and flexible payment terms as you repay
* Loans are approved and in your account fast

Plus! Branch gives you world-class personal finance and credit services. Get access to credit to build the life you want — for your business, your home, your family, your life.

FEATURED IN

TechCrunch – Forbes – Bloomberg TV – Huffington Post – Wall Street Journal

CNBC Africa – K24 – KTN – KBC – Business Daily – Daily Nation – The Standard

SAFE AND SECURE

Branch makes getting a personal loan simple by using the data on your phone including your SMS history to verify your identity and create a credit score. We encrypt the data you choose to share with us to protect your privacy. We take your privacy very seriously and promise to never share your information with third parties.

RATES AND FEES
Loan amounts and interest rates vary by country as explained below;

Kenya

Loan Amounts: Ksh 250 to Ksh 70,000
Repayment Periods: 62 days to 336 days
APR: 22% to 240%
Example Fees: For a loan of Ksh 10,000, a flat fee of Ksh 2,160. No late fees, rollover charges, or origination fees.

Nigeria

Loan Amounts: ₦1,000 to ₦200,000
Repayment Period: 62 days to 280 days
APRs: 33% to 261%
Example Fees: For a loan of ₦40,000, a flat fee of ₦8,800. No late fees, rollover charges, or origination fees.

Mexico

Loan Amounts: $200 to $20,000
Repayment Period: 62 days to 336 days
APR: 29% to 487%
Example Fees: For a loan of $3,250, a flat fee of $1,250. No late fees, rollover charges, or origination fees.

India

Loan Amounts: INR 500 to INR 50,000
Repayment Period: 62 days to 112 days
APR: 49% to 130%
Example Fees: For a loan of INR 9,000, a flat fee of INR 1,352. No late fees, rollover charges, or origination fees.

HOW TO CONTACT BRANCH

If you have any feedback, questions, or concerns, please e-mail Branch at [email protected] or find us on Facebook!

Follow Branch on Twitter: twitter.com/branch_co
Like Branch on Facebook: facebook.com/branch.co
Visit the Branch website: branch.co

How get the Branch App

The Branch App is available on Google Play Store. Search for the App on your phone’s Play Store, install it and get your loan from the comfort of your house.

Cheap Mobile Loans

Saida Mobile Loans App: How to install app and apply for loans easily

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Saida is a digital account much like your bank or mobile money account geared towards givimg you power over your finances whether it is loans, savings, making payments or just understanding where your money goes. The Saida loans App is all you need to manage your finances.

Loans

– Flexible Terms
Saida offers short to medium term loans. Use the loan to settle your bills, buy more stock for your business or meet an unexpected need.

– Easy Repayment
Repay your loans on time and your loan amount will increase and your interest rate will reduce as well. Stuck repaying? Request up to two weeks grace period from the app.

– Transparent Loans
Fill out a loan application form and we will give you a response within 24 hours. An example of how much you would repay is shown below as well as additional important information.

Savings

– Made easy with goals
Its as easy as Name Your Goal. Lock Your Goal. Achieve Your Goal. You can set savings goals like school fees, new smartphone, a holiday e.t.c.

– Regulated Savings
Saida savings goals are provided in partnership with Investment Banks that are regulated in Kenya – this means your money is kept securely and invested under the watch of regulators in Kenya.

– Free To Save
They refund any MPesa transaction charges you incur while saving your money.

Bill Payments

– All your usual bills
Kenya Power Tokens, KPLC Postpaid, Safaricom Airtime, Airtel Airtime, Telkom Airtime, Zuku, DsTV, GoTV, Nairobi Water and more. Saida remembers your Account numbers so you don’t have to enter them every time.

– Useful Reminders
Saida can remind you when your payments are due or even give you a loan to pay your bills and you can repay later.

Spending

– Gain Understanding
Knowing how we spend our money and if we are within our budgets helps us get our finances in shape. It is not the big spending on rent that can break our budget, it is the small things every day that add up in the end.

– Spending Summaries
Saida have tools to help you track your expenses and answer questions like – “How much did spend on transport last month?” / “Am I spending more on food this month than last month?”

Privacy

Privacy and Permissions: Saida collects personal information about you that we use to determine your loan eligibility – they use this information in accordance with our privacy policy which is listed on the details of this app. When you download Saida, Saida will ask to scan your M-Pesa SMS and other information in order to verify your identity to comply with KYC (know your customer) regulations, creditworthiness, and provide you with credit facilities. They also collect additional information which is listed on our privacy policy. Saida take privacy very seriously and your personal information will never be shared without your direct consent.

Loan Terms

Saida charges a service fee of 3 – 21% per month (APR 36% -252%) of the amount lent to you based on how we rate your creditworthiness. The amount can be repaid within 1 – 6 months and the schedule may vary depending on your credit rating. Late fees are not charged and a one time debt collection fee may be charged if your loan is later than 35 days. Additional Terms & Conditions may apply – you may see this on your Loans Page on Saida.

An example is if you borrow Ksh 1,000 for 7.5% fee for 2 months, you will repay Ksh 1,075 within 2 months. There are no penalties for early repayment. If you are late by more than 60 days, a penalty of 10% will be applied to the overdue amount. (Ksh 107.5) – no further penalties or charges will apply again.

Contact

If you face any challenges with the app, send an email via [email protected]. You can also send them a direct message from the app.

How to get started

Go to Play store and search for Saida. Download and install the app and you are good to go.

Banks and Money

NBK loan repayment schedule, Interest rates, Repayment Periods pdf

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NBK loan repayment schedule, Interest rates, Repayment Periods pdf,

NBK loan repayment schedule, Interest rates pdf

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National Bank of Kenya (NBK) check off loan monthly repayment schedule for teachers, nurses, Doctors, Police and all civil servants

National Bank of Kenya (NBK) loan repayment schedule and monthly installments

NBK UPL MONTHLY REPAYMENT SCHEDULE
No. of Years 1 2 3 4 5 6 7 8
No. of Months 12 24 36 48 60 72 84 96
Interest

Loan Amt

 13.0%
50,000 4,466 2,377 1,685 1,341 1,138 1,004 910 840
75,000 6,699 3,566 2,527 2,012 1,706 1,506 1,364 1,261
100,000 8,932 4,754 3,369 2,683 2,275 2,007 1,819 1,681
150,000 13,398 7,131 5,054 4,024 3,413 3,011 2,729 2,521
200,000 17,863 9,508 6,739 5,365 4,551 4,015 3,638 3,361
250,000 22,329 11,885 8,423 6,707 5,688 5,019 4,548 4,202
300,000 26,795 14,263 10,108 8,048 6,826 6,022 5,458 5,042
400,000 35,727 19,017 13,478 10,731 9,101 8,030 7,277 6,723
500,000 44,659 23,771 16,847 13,414 11,377 10,037 9,096 8,404
550,000 49,125 26,148 18,532 14,755 12,514 11,041 10,006 9,244
600,000 53,590 28,525 20,216 16,096 13,652 12,044 10,915 10,084
700,000 62,522 33,279 23,586 18,779 15,927 14,052 12,734 11,765
800,000 71,454 38,033 26,955 21,462 18,202 16,059 14,554 13,446
900,000 80,386 42,788 30,325 24,145 20,478 18,067 16,373 15,127
1,000,000 89,317 47,542 33,694 26,827 22,753 20,074 18,192 16,807
1,100,000 98,249 52,296 37,063 29,510 25,028 22,082 20,011 18,488
1,200,000 107,181 57,050 40,433 32,193 27,304 24,089 21,830 20,169
1,300,000 116,112 61,804 43,802 34,876 29,579 26,096 23,650 21,849
1,400,000 125,044 66,559 47,172 37,558 31,854 28,104 25,469 23,530
1,500,000 133,976 71,313 50,541 40,241 34,130 30,111 27,288 25,211
1,600,000 142,908 76,067 53,910 42,924 36,405 32,119 29,107 26,892
1,700,000 151,839 80,821 57,280 45,607 38,680 34,126 30,926 28,572
1,800,000 160,771 85,575 60,649 48,289 40,956 36,133 32,746 30,253
1,900,000 169,703 90,329 64,019 50,972 43,231 38,141 34,565 31,934
1,950,000 174,169 92,707 65,703 52,314 44,368 39,145 35,474 32,774
2,000,000 178,635 95,084 67,388 53,655 45,506 40,148 36,384 33,615
2,100,000 187,566 99,838 70,757 56,338 47,781 42,156 38,203 35,295
2,200,000 196,498 104,592 74,127 59,020 50,057 44,163 40,022 36,976
2,300,000 205,430 109,346 77,496 61,703 52,332 46,170 41,842 38,657
2,400,000 214,361 114,100 80,865 64,386 54,607 48,178 43,661 40,337
2,500,000 223,293 118,855 84,235 67,069 56,883 50,185 45,480 42,018
2,600,000 232,225 123,609 87,604 69,751 59,158 52,193 47,299 43,699
2,700,000 241,157 128,363 90,974 72,434 61,433 54,200 49,118 45,380
2,800,000 250,088 133,117 94,343 75,117 63,709 56,207 50,937 47,060
2,900,000 259,020 137,871 97,712 77,800 65,984 58,215 52,757 48,741
3,000,000 267,952 142,625 101,082 80,482 68,259 60,222 54,576 50,422
3,100,000 276,884 147,380 104,451 83,165 70,535 62,230 56,395 52,102
3,200,000 285,815 152,134 107,821 85,848 72,810 64,237 58,214 53,783
3,300,000 294,747 156,888 111,190 88,531 75,085 66,245 60,033 55,464
3,400,000 303,679 161,642 114,559 91,213 77,360 68,252 61,853 57,145
3,500,000 312,610 166,396 117,929 93,896 79,636 70,259 63,672 58,825
3,600,000 321,542 171,151 121,298 96,579 81,911 72,267 65,491 60,506
3,700,000 330,474 175,905 124,668 99,262 84,186 74,274 67,310 62,187
3,800,000 339,406 180,659 128,037 101,944 86,462 76,282 69,129 63,868
3,900,000 348,337 185,413 131,406 104,627 88,737 78,289 70,949 65,548
4,000,000 357,269 190,167 134,776 107,310 91,012 80,296 72,768 67,229
4,100,000 366,201 194,921 138,145 109,993 93,288 82,304 74,587 68,910
4,200,000 375,133 199,676 141,515 112,675 95,563 84,311 76,406 70,590
4,300,000 384,064 204,430 144,884 115,358 97,838 86,319 78,225 72,271
4,400,000 392,996 209,184 148,253 118,041 100,114 88,326 80,045 73,952
4,500,000 401,928 213,938 151,623 120,724 102,389 90,333 81,864 75,633
4,600,000 410,859 218,692 154,992 123,406 104,664 92,341 83,683 77,313
4,700,000 419,791 223,447 158,362 126,089 106,939 94,348 85,502 78,994
4,800,000 428,723 228,201 161,731 128,772 109,215 96,356 87,321 80,675
4,900,000 437,655 232,955 165,100 131,455 111,490 98,363 89,141 82,356
5,000,000 446,586 237,709 168,470 134,137 113,765 100,371 90,960 84,036
5,100,000 455,518 242,463 171,839 136,820 116,041 102,378 92,779 85,717
5,200,000 464,450 247,217 175,209 139,503 118,316 104,385 94,598 87,398
5,300,000 473,382 251,972 178,578 142,186 120,591 106,393 96,417 89,078
5,400,000 482,313 256,726 181,947 144,868 122,867 108,400 98,237 90,759
5,500,000 491,245 261,480 185,317 147,551 125,142 110,408 100,056 92,440
5,600,000 500,177 266,234 188,686 150,234 127,417 112,415 101,875 94,121
5,700,000 509,108 270,988 192,056 152,917 129,693 114,422 103,694 95,801
5,800,000 518,040 275,743 195,425 155,599 131,968 116,430 105,513 97,482
5,900,000 526,972 280,497 198,794 158,282 134,243 118,437 107,333 99,163
6,000,000 535,904 285,251 202,164 160,965 136,518 120,445 109,152 100,844
 
             
1. Interst rate on reducing bases-13%       Contact Person                                                                                                                                         
2. Low Insurance Premium-0.35% & 0.44% with Retrenchment Cover      
3. Low loan appraisal fee 2%-New & 1.5 % Top-ups      
4. Topups after only 1 month repayment.      
5. Buy off from other Financial Institutions including SACCOS & Welfares   Branch:                                                                                                                                         
6. Quick Loan processing Time-48 Hrs      

 

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Banks and Money

Imarika SACCO loans, Mkopo Hewani, mobile banking, contacts, website and how to register

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Savings And Credit Co-Operatives (SACCOs) have become more popular with customers looking for cheaper and flexible loan products. One of such SACCOs operating in Kenya is the Imarika SACCO. Imarika is a Kiswahili term for “become stable”.

Imarika SACCO was registered on 14th, September, 1974 with about 100 members who were employees of Teachers Service Commission (TSC) in KILIFI District. Currently the SACCO has an active membership of about 38,000 with its head office in KILIFI town with five branches in MALINDI, MTWAPA, KALOLENI,GARSEN,UKUNDA  and a service center at BAMBA in Ganze District.

Its core objective is to provide a savings avenue to members and advancing loans to them at an affordable rate of interest. In 1998 the SACCO opened its common bond and admitted other categories of membership. Today it has three major activities namely:

  • BOSA – For all members operating through check off system
  • FOSA – For business people operating through standing orders
  • MSCA – For group members of between 10-30 registered with social services and operating through the group accounts

The membership of the SACCO covers the entire KILIFI County and to some extent beyond the county into the neighboring counties of the Coast province.

DESCRIPTION OF IMARIKA SACCO SERVICES

The major activity of the SACCO is to offer Savings and Credit products to her clients/members and in doing so we seek to address the standard practices a member expects, time lines and the cost factor for such service if any under (BOSA, FOSA & MSCA) for efficiency and productivity. The SACCO also addresses issues of the prospective members seeking to join the SACCO (Membership registration, withdrawals and re-admission) and general guidelines affecting our clients/members.

IMARIKA SACCO PRODUCTS AND SERVICES

1. Savings And Current Account Products

Imarika Sacco being a savings and credit co-operative society gives credit to its members.  The capital used to offer this credit mainly comes from the savings from its members. The society majorly relies on member’s shares/long-term deposits and FOSA premium savings to conduct its core business of credit advancement.

Like the loans, the society has over the years developed several savings products to boost its capital base thereby enabling it conduct its business smoothly.

Each savings product has specific features that define it and being a member driven institution, all the savings products earn the member some sort of return.  Each of the savings products has a specific purpose and therefore the savings products are broadly categorized as withdrawable and non-withdrawable.

The society, in addition to the savings products that it offers, it also has an insurance/security fund that it runs for its members.  Each member is required to pay Kshs. 100 every month as insurance.  This sum insures the member against death.  Upon the demise of a member, the insurance clears any loan that the member had with the Society and also refunds to the member’s next of kin the shares amount held as at the time of death.

MALAIKA JUNIOR SAVINGS ACCOUNT

This account aims at enabling members secure their child’s future. Open the Malaika Junior Savings Account and teach them early how to Imarika with the free Parrot Bank!

  • Kshs. 2000 Minimum Balance
  • Best interest rates
  • Earning interest from Kshs. 3000
  • Withdraw 3 times a year
  • Invitations to Malaika Junior Parties and events every December*
  • *For accounts with Kshs. 10,000 and above and over 6 months

ORDINARY SAVINGS ACCOUNT

  • Account opening fee of Ksh 600
  • Minimum opening balance of Ksh 1,000/-
  • Free balance inquiry
  • Linked to ATM and mobile banking services
  • Statement requisition ksh30/-
  • Minimum interest earning balance ksh2000/- and rate is as determined by the Board

SCHOOL FEES ACCOUNT

Ideally this account is to enable members save for school fees

  • Open to all members
  • Minimum deposit ksh1,000/-
  • A/c to have regular deposits
  • Minimum interest earning balance  2,000/- rate is as may be determined by Board
  • On request by the member, the SACCO can pay fees directly to the school.
  • Free statement of a/c every quarter.

HOLIDAY ACCOUNT

Ideally this account is to enable members save for their holidays

  • Open to all members
  • Minimum deposit ksh1,000/-
  • A/c to have regular deposits
  • Minimum interest earning balance  2,000/- rate is as may be determined by Board
  • Free statement of account every quarter.

MEDICAL ACCOUNT

The medical savings a/c is designed to enable members save for any eventuality.

  • Minimum opening balance Ksh1,000/-
  • Regular deposits
  • No restrictions on withdrawals
  • Minimum interest earning balance Ksh 2,000/- rate is as may be determined by Board
  • Free statement of account every quarter.

EKEZA SAVINGS ACCOUNT

This account is for individuals or businesses.

  • No minimum balance
  • Earn interest at Kshs. 5,000
  • The best interest rates
  • Loan is after six months savings through Mavuno tele loan

MAVUNO TELE LOAN

This is the loan for businessmen and women who have the Ekeza Savings Account. As long as you save regularly you can borrow  your average savings!

  • Applicable to starting or existing businessmen
  • 48 months maximum repayment period
  • Loan secured by collateral or guarantors

CURRENT ACCOUNT

This account is a strategic solution aimed at offering operational solutions to members who operate business ventures.

Benefits of current accounts.

  • Enables mulitiple payments
  • Security of transactions/ cash
  • Facilitates Record keeping
  • Facilitates Bulk payments
  • Eliminates the need to visit any of the Branches
  • Cost effective
  • Free quarterly statements

Imarika current account features

  • Opening balance Kshs. 1000
  • Free quarterly statements
  • No below minimum balance fee
  • Monthly account maintenance fee
  • Unlimited withdrawals
  • Competitive interest rates over (Ksh. 250,000/=)
  • Cheque book.

FIXED DEPOSIT ACCOUNT

This account enables members to save lump sums in their possesion, with an aim to invest in a given project in the near future.

  • Minimum deposit amount Ksh. 10,000/=
  • Minimum interest earning period 3 months
  • Attractive interest rate which is negotiated based on amount fixed and period
  • Has an option of pre-mature withdrawal and re-investment.

MSCA SAVINGS

The MSCA savings is a weekly contribution made by every member of a MSCA group with the aim of acquiring a loan. The total premiums contributed after ten (10) weeks and above by a member is what will be used to determine the amount of loan to be given to the member when he/she comes to borrow.

Download the account opening application form Here

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2. BOSA LOANS

These are loan products offered at the Back Office Service Activity (BOSA) which forms the core activity of the society.

LONG-TERM LOANS

These are loans that run for over 36 months.  They are aimed at offering flexible repayment schedule to ease strain on the member.  They include:-

BOSA LONG-TERM LOAN

DEVELOPMENT LOAN (FORMERLY NORMAL LOAN)

  • Approval based on eligibility.
  • Granted 3 times one’s share
  • Repayment Period is 60 Months.
  • Assessment is based purely on salary repayment ability
  • Minimum loan amount Ksh.100,000
  • Loan processing fees shall be as decided by the Board
  • Must be guaranteed
  • Loan disbursed within one week of application
  • Clearance from CRB (Credit Reference Bureau)

SMART LOAN

  • Open to all BOSA Members
  • Approval based on eligibility.
  • Repayment Period is 72 Months.
  • Minimum of Ksh.100,000 in long term deposits
  • Loan ceiling of Ksh.5 Million
  • Assessment is based purely on salary repayment ability
  • Salary to pass through the Sacco
  • Must be guaranteed
  • At its discretion, the Sacco may consider other form of collateral
  • Clearance from CRB (Credit Reference Bureau)

KARIBU LOAN

  • Approval based on eligibility.
  • Equivalent one month share contribution and a copy of the current pay slip.
  • Loan to be granted depends on salary ability ensuring 1/3 remains
  • Upon granting of the loan, a quarter of the loan granted is transferred to shares leaving the member with 75% of the loan to withdraw.
  • Karibu loan caters for new employees who want to start their life
  • Repayment Period is 48 Months.
  • Loan processing fees shall apply
  • Clearance from CRB (Credit Reference Bureau)

MEDIUM-TERM LOANS

SCHOLARPLUS LOAN

  • Approval based on eligibility.
  • Repayment Period is 30 Months.  Has a minimum amount of Kshs. 41,000 and has no maximum ceiling
  • Assessment is based purely on salary repayment ability

SWIFT LOAN

  • For BOSA salaried members only, recoverable at FOSA
  • Must be within the bracket of 3 times member’s shares
  • Applicant must retain1/6 of basic salary as net pay.
  • Repayment Period is 36 Months.  Has no maximum ceiling.
  • The loan must be guaranteed  whose shares equates or surpasses the loan requested.

SHORT-TERM LOANS

EMERGENCY LOAN

  • To be approved based on eligibility.
  • Repayment Period is 12 Months.
  • Assessment is based purely on salary repayment ability

SCHOOL FEES LOAN

  • To be approved based on eligibility.
  • School fees Loans include all loans to cater for education fees.
  • Fees structure must be attached to the application form
  • Repayment Period is 12 Months.
  • Assessment is based purely on salary repayment ability

3. FOSA LOANS

These are loan products offered at the Front Office Service Activity (FOSA) for members who are banking with the society.

MEDIUM-TERM LOANS

DEVELOPMENT LOAN (FORMERLY NORMAL LOAN)

  • To be approved based on eligibility.
  • The loan granted 2 times the members premium savings
  • Minimum loan amount Ksh.100,000
  • Repayment Period is as follows:

Loan from Ksh.100,000- Ksh.399,999- 36 Months

Loan from Ksh.400,000- Ksh.999,999- 48 Months

Loan over Ksh,1,000,000-60 Months

  • Assessment is based purely on salary repayment ability/average monthly savings
  • To be guaranteed
  • Loan processing fee shall be as decided by the Board
  • Loan disbured within one week of application
  • Clearance from CRB (Credit Reference Bureau)

SCHOLAR PLUS LOAN

  • To be approved based on eligibility.  The loan to be granted plus the existing loans shall not exceed 2.5 times the members premium savings
  • Salary must be passing through the FOSA account
  • Repayment Period is 30 Months.
  • Minimum allowable amount is Kshs. 41,000. Has no maximum ceiling.
  • Assessment is based on salary ability/average monthly savings

UFANISI LOAN

  • Available to all FOSA members with pay slips.
  • Granted 3 times one’s share
  • Repayment period is 48 months.
  • Pay slip should be able to meet the loan deductions and be left with 1/3 requirement.
  • Assessment based purely on salary repayment ability/ average monthly savings.
  • Salary must be passing through the FOSA account
  • Must be guaranteed
  • Clearance from CRB (Credit Reference Bureau)

SHORT-TERM LOANS

EMERGENCY LOAN

  • To be approved based on eligibility.  Loan must not exceed 2 times a members premium savings
  • Emergency Loans include all loans for taking care of all calamities e.g. hospital, settlement of civil cases etc.
  • Repayment Period is 12 Months.
  • Assessment is based purely on salary repayment ability/average monthly savings
  • Must be guaranteed

SCHOOL FEES LOAN

  • To be approved based on eligibility.
  • Loan granted 2 times a members premium savings
  • Repayment Period is 12 Months.
  • Assessment is based purely on salary repayment ability/average monthly savings

IMARIKA VIJANA LOAN

For youth between 18-34 years. At Imarika Sacco, we care about growth of young people. Introducing the Imarika Vijana loan, for young people in youth groups, so that they can build their businesses together or individually.

  • Open a Savings Account
  • Save regularly
  • Show us your business and business plan
  • Borrow between Kshs. 40,000 (when having 10,000/= shares)and Kshs. 100,000 (when having 20,000/=)
  • Repay in 24 months
  • One month grace period
  • Sacco Business Support to advice on the business

FOSA ADVANCES

PRESTIGE ADVANCE

  • Applicant must be an active member of the society.
  • Applicant salary must be passing through his/her SASA Account
  • Applicant must have serviced in full any outstanding advance.
  • Repayment period ranges from 7-10 months
  • Advances are considered on the spot but subject to availability of funds
  • Advances should be guaranteed by members of the society whose salary passes through the FOSA Account.

ORDINARY ADVANCE

  • Applicant must be an active member of the society.
  • Applicant salary must be passing through his/her FOSA Account
  • Applicant must have serviced in full any outstanding advance.
  • Repayment period ranges from 1-6 months
  • Advances are considered on the spot but subject to availability of funds
  • Advances should be guaranteed by members of the society whose salary passes through the FOSA Account.

ONE-MONTH ADVANCE

  • Applicant must be an active member of the society.
  • Maximum advance applied should not exceed 2/3 of net salary
  • Applicant salary must be passing through his/her FOSA Account
  • Applicant must not be servicing any advance.
  • Advances are considered on the spot but subject to availability of funds
  • The guarantor(s) must be receiving salary through the FOSA.

ADVANCE TOP-UP

The society allow members to benefit by topping up the existing advance

  • Applicant should have an outstanding advance balance
  • Maximum repayment period for the new advance balance is dependent on the advance type
  • Other conditions of the type of advance being topped up apply.

Below are links to the SACCO’s full list of products and services:

IMARIKA SACCO CONTACTS

For further details, use any of the following media to reach the SACCO:

  • Address: Kitecoh Complex, P.O. Box 712, Kilifi
  • Email: [email protected]
  • Phone: 041-7522572/7525017
  • Fax: 041-752 5001

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IMARIKA SACCO MOBILE BANKING: SPOT C ASH SERVICE

The good news for Imarika SACCO members is that they can now enjoy a wide variety of services via their mobile phones. With your mobile phone at hand, you can now access many services at a click of a button.

SERVICES ACCESSED THROUGH THE MOBILE

Registration for SpotCash Mobile services is absolutely free by dialing *645#. Here are the mobile banking services for your convenience and reliability:

  1. Cash deposits and withdrawals.
  2. Balance inquiry.
  3. Savings
  4. Loans
  5. Shares
  6. Airtime purchase
  7. Mini Statement
  8. Funds transfer.

BENEFITS 

There are many benefits that are obtained by using Imarica SACCO’s mobile banking. These include:

  • Accessing your account any time, anywhere.
  • Saves your time and energy.
  • Faster and reliable
  • Keeps you informed about your account; alerts on loans, salary, cheque maturity, ATM and guarantors.
  • You can borrow money at your own comfort (Mkopo Hewani).

 

 

Cheap Mobile Loans

Easy and flexible mobile loans: Get the Africaloan Kenya loans today

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Mobile loans have become more popular for customers seeking quick loans. Unlike over the counter loans, mobile loans offer convenience and flexibility. Take for example if one had an emergency; that requires financial attention, over the weekend and on public holidays when most banking halls are closed! Such an individual will suffer a great deal. But thanks to mobile loans Apps, one can process the loans online and instantly. All what is required is a smart phone and you will get your loan instantly. Furthermore, mobile loans are paperless and thus very few requirements, if any, are needed. Again, there so many lenders providing loans online. The Mobile lenders have developed Apps that can be downloaded freely from Play Store. Here is one of the lenders providing such loans online.

Afrikaloan Kenya mobile loans

Afrikaloan Kenya provides you with convenient and fast loans online, allowing you to get your money directly to your M-Pesa account.

The Afrikaloan Kenya mobile app enables you to receive financial support wherever you are, and at any time.

A good credit history is the easiest way to ensure fast loans approval whenever you apply.
Improving your credit history is easy – simply download the app, take out loans and pay back on time.

SIMPLE AND CONVENIENT

Three easy steps of getting a loan online:

  1. Download our app
  2. Apply for a loan
  3. After approval, receive the money on your M-Pesa account. Pesa chapchap!

You can a get a second loan with just a couple of clicks! Get access to bigger loans, lower interest rates, and flexible repayment terms. Increase your loan limit up to Ksh 50 000!

WHY PEOPLE CHOOSE AFRIKALOAN?

  • It’s completely online. There’s no need to go to an office to get a loan, simply install the app and fill in a short application form, whenever and wherever you are.
  • Fast processing. You can get an instant loan on your Mpesa, as soon as you require financial assistance.
  • Great terms. Low interest rates and flexible loan repayment terms. No hidden fees or charges.
  • Safe and secure. They encrypt all personal data to protect your privacy and we never share any data with third parties.
  • Customer support. Their dedicated customer support team is always ready to answer any question you may have on Facebook and via email.

LENDING TERMS

Afrikaloan offers loans ranging from KSh 500 to KSh 50,000 (up to a USD 550 equivalent). The loan repayment terms are up to 52 weeks and our customers can always pay their loans off in advance. Annual interest rates for regular clients range from 10% to 182.5%, depending on your loan’s terms.

Interest rates are calculated depending on various factors, such as your repayment history and the cost of lending for Afrikaloan. There are no extra fees or charges and there is no collateral necessary. Standard SMS charges, payment system (M-Pesa) fees and your mobile carrier’s data charges may apply.

Here’s how interest rates are calculated:

For example, if you are issued a loan in the amount of KSh 2,000 for 7 days at a rate of 2.4% per day, including the day of issue. The total interest you pay for this loan will be KSh 384.

CONTACTS

Facebook: facebook.com/afrikaloankenya
Twitter: twitter.com/afrikaloan
Email: [email protected]
Website: afrikaloan.co.ke

Cheap Mobile Loans

Cheap and quick mobile loans: The Okolea loans App download and how to get lending quickly

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Okolea is an app that provides instant loans to Kenyans through their mobile phones. Clients’ loan limits are reviewed and increased every time they repay their loans on time. The loans are processed online and instantly.

Registration

Download the Okolea app, fill in the form, and submit. The app will redirect you to an easy to use home screen. You are then required to go to your profile and fill in other required details to enable them serve you better. The App is available at Google play store.

Loan Limits

When you register with Okolea you get assigned a loan limit after your account is appraised which allows you to borrow instantly any amount equal or less than their assigned limits. Every time you repay your loan on time, you get a loan limit increase.

Interest Rates

Okolea loans interest rate is low at 0.5% per day to ensure that you enjoy our facility and repay without experiencing financial strain.

Okolea app is awesome and here is why;

1). Instant access to loans sent straight to your mobile phone.
2). You can borrow more than 1 loan at a time. As long as you are within your loan limit.
3). Ability to sort out emergency situations when they arise no matter where you are.
4). Your information is secure and is not shared with third parties.
5). Lowest interest rate in the market.
It is easy to use.

In need of Okolea loans? Get to your Play store today, search for Okolea loans, install the App, register and receive your loan instantly.

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Cheap Mobile Loans

Cheap and quick mobile loans: The Pesa Zote loans App download and loan application details

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PesaZote loans App provides Fast Loans to Trustworthy Customers via M-Pesa. Customers can access lending conveniently and from their comfort zones. NO Paperwork is required neither do customers have to answer many Questions.

SMS Permissions Note: To build your credit score automatically, the App will request you to provide permission to access mobile money SMS records(M-Pesa messages)

Amount to Borrow: You can borrow from KES 250 to KES 50,000/= from the App and receive the cash via M-Pesa anywhere in Kenya without any papers, guarantors, security or office visits!

Features of the Pesazote loans

  • You may chat with PesaZote on the App for assistance
  • Their Loans range from KES 250 to KES 50,000/=
  • Loan defaulters are Blacklisted via Credit Reference Bureau(CRB) reporting. They may also involve Debt Collectors.
  • Currently, Pesa Zote is only supporting phone numbers registered on M-Pesa.
  • Loan repayments are made via M-Pesa and are applied instantly.
  • You may repay your Loan before the due date and in instalments of any amount.
  • Excess payments will be automatically applied to your future loan requests.
  • You may request another loan immediately you settle the current one.

How to access Pesa Zote Mobile Loans

Getting PesaZote loans is simple. All you need to do is download their App which is available at Google play store. Just open Play store on your phone, search for Pesa Zote, click on it to download and register to receive your loan instantly.

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Cheap Mobile Loans

Fast and Cheap personal loans without collateral: The JumboPesa plus loans App

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Mobile loans have become more popular for customers seeking quick loans. Unlike over the counter loans, mobile loans offer convenience and flexibility. Take for example if one had an emergency; that requires financial attention, over the weekend and on public holidays when most banking halls are closed! Such an individual will suffer a great deal. But thanks to mobile loans Apps, one can process the loans online and instantly. All what is required is a smart phone and you will get your loan instantly. Furthermore, mobile loans are paperless and thus very few requirements, if any, are needed. Again, there so many lenders providing loans online. The Mobile lenders have developed Apps that can be downloaded freely from Play Store. Here is one of the lenders providing such loans online.

JumboPesa plus

JumboPesa Plus is a simple, entirely ,leading lending platform that provides short-term loans services in Kenya to help you covering unexpected expenses or urgent cash needs.

You can apply for a JumboPesa Plus loans with 24 hours a day ,7 days a week with our quick application process that lets you know your status within minutes.

Fast and quick online loans in Kenya without collateral, it’s easy to download and apply for JumboPesa Plus loans.

Easy to get started.

This is how to go about it:

  • Sign on with M-Pesa login
  • Quick application
  • Get cash loan straight into your M-Pesa
  • Build loan limit up to 50,000 Ksh by keeping loan payments on time

Terms and Conditions

JumboPesa charges a service fee of 10-15% of principal.
Loans range from 500 Ksh – 50,000 Ksh over a 1-12 week term.
Interest ranges from 18% – 180% with an equivalent monthly interest of 1.5% – 15%

Example: 2 weeks loan; 10% service fee (on-time repayment)

Loan amount: Ksh 5,000
Amount of Service Fee: Ksh 500
Management fee: Ksh 490
Interest: Ksh 35
Total Repayable: Ksh 5525

CONTACTS
Email: [email protected]
Facebook: https://www.facebook.com/jumbopesa.plus
Twitter: https://twitter.com/jumbopesa
Website: www.jumbopesa.co.ke

Download the JumboPesa App from Google play store and solve your financial needs urgently

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Cheap Mobile Loans

Fast and Cheap Mobile Loans: The Zenka loans App download and how to get lending quickly

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Mobile loans have become more popular for customers seeking quick loans. Unlike over the counter loans, mobile loans offer convenience and flexibility. Take for example if one had an emergency; that requires financial attention, over the weekend and on public holidays when most banking halls are closed! Such an individual will suffer a great deal. But thanks to mobile loans Apps, one can process the loans online and instantly. All what is required is a smart phone and you will get your loan instantly. Furthermore, mobile loans are paperless and thus very few requirements, if any, are needed. Again, there so many lenders providing loans online. The Mobile lenders have developed Apps that can be downloaded freely from Play Store. Here is one of the lenders providing such loans online.

Zenka Mobile Loans

Zenka mobile loans App is a quick and easy tool to get a loan straight to your M-Pesa account.

Loan Calculator

Representative example for first loan:
Minimum and maximum loan term: 61 days. Maximum APR 0%. For a representative example for a loan for KSh 3,000 for 61 days APR equals 0% (calculated on 1.05.2019); total loan amount: KSh 3,000; annual interest rate 0%; total loan cost KSh 0, including: Commission KSh 0, Interest KSh 0; installment amount: 2 installments for KSh 1,500.
Minimum and maximum period for repayment: 61 days. Minimum Annual Percentage Rate (APR): 0%. Maximum APR: 352,8%

FIRST LOAN FOR FREE – NO REGISTRATION FEE, 0% COMMISSION, 0% INTEREST. APR = 0%

Zenka is the most flexible personal loan platform on the market, giving Kenyans more control over their finances with its unique features. They offer a simple registration and application process, after which you will receive your loan straight to your M-Pesa account.
Money on your account in just 5 minutes!

How does it work?

  1. Download Zenka App
    Visit Google Play Store. Search for Zenka Loan App and download it on your mobile.
  2. Fill short application form.
    After downloading the Zenka app, choose how much money you need and sign up with Zenka.
  3. Receive money on your M-Pesa account;
    Your application will be evaluated and when it is approved, you will receive money on your M-Pesa account.
  4. Need additional financing?
    Make use of their flexible additional amount feature that allows you to top up your existing loan with extra cash, up to your current credit limit.
  5. Need more time to repay?
    Loan extensions give you more control over your loan by letting you postpone your due date by 7, 14 or 30 days.
  6. Repay on time and build a positive credit history;
    Timely repayment increases your credit limit and allows you to apply for higher amounts in the future.

What’s so special about Zenka Loans?
Additional amount and extensions do the job!

  • Considering additional financing? Don’t miss on great opportunities and top up you existing loan with just a few clicks!
  • Need more time to repay? Get control over the unexpected by extending your due date. Enjoy the flexibility they offer.
  • Achieve financial harmony! Realize your ideas and needs with Zenka instant personal loans.

What do Zenka offer?

  1. Loan terms starting from 1 day,
  2. Loan amounts starting from KSh 500.00,
  3. Commission fee starting from 9%,
  4. Top ups with just few clicks,
  5. Due date extensions,
  6. Limit increase with timely repayments.

Contact information:

Call center: + 254 020 765 0878
Email: [email protected]

Zenka Finance Limited
Mirage Tower 2, 12th floor,
P.O. BOX 29107-00100
Nairobi
Kenya

Download the Zenka App from play store and enjoy convenience in financing.

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Cheap Mobile Loans

Instant and cheap loans: The KopaKash App and loans

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Mobile loans have become more popular for customers seeking quick loans. Unlike over the counter loans, mobile loans offer convenience and flexibility. Take for example if one had an emergency; that requires financial attention, over the weekend and on public holidays when most banking halls are closed! Such an individual will suffer a great deal. But thanks to mobile loans Apps, one can process the loans online and instantly. All what is required is a smart phone and you will get your loan instantly. Furthermore, mobile loans are paperless and thus very few requirements, if any, are needed. Again, there so many lenders providing loans online. The Mobile lenders have developed Apps that can be downloaded freely from Play Store. Here is one of the lenders providing such loans online.

KopaKash is an application for mobile instant loans online with the following features:

• Loan Amount: KSh 500 – KSh 50,000
• Loan Term: the shortest term is 91 days, the longest is 120 days
• Maximum interest rate: 20% per year
• APR:24%
• Loan Amount: KSh 500 – KSh 50,000

As a digital lending platform, KopaKash will charge a service fees according to the product you choose, which is used for credit score assessment, account management, and payment cost.

Loan Calculator

Example: If you choose a loan limit of KES10,000 with a period of 1 year, after deducting service fees, the total interest must be paid: 10,000 * 0,0005 * 365 = KES1828

KopaKash can give a quick loan to help everyone in kenya who need money to grow their businesses, pay for school fees, buy things or finance any other emergencies.

As an online lending platform, KopaKash will charge different origination fees according to the product you choose, which is used for credit score assessment, account management, and payment cost.

Why take a loan from KopaKash?

• No credit history required
• Paperless and digital process on your mobile
• Get 7/24 access to loan anytime and anywhere
• Speedy review in 30 minutes
• Disburse to your bank account or M-PESA directly in 5 minutes once approved
• Available across Kenya
• As the credit score grows, the loan amount gradually increases
• Variety of convenient repayment methods

Eligibility:

• Kenya Resident
• 18-60 years old
• has a monthly source of income.

How to repay the loan

• through KopaKash M-pesa Paybill 733555 and the account no. is the Mpesa phone number you sign up with
• enter the amount you pay and enter the pin of M-pesa
• the transaction cost is 0
• good repayment will increase your credit

CONTACTS
Email: [email protected]
Address: Tetezi Tower，George Padmore Road，Nairobi City，Kenya

Download the KopaKash App from Google play store and enjoy convenience in financing.

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Important links:

Cheap Mobile Loans

Fast and cheap online Loans: The Fadhili loans and app download

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Mobile loans have become more popular for customers seeking quick loans. Unlike over the counter loans, mobile loans offer convenience and flexibility. Take for example if one had an emergency; that requires financial attention, over the weekend and on public holidays when most banking halls are closed! Such an individual will suffer a great deal. But thanks to mobile loans Apps, one can process the loans online and instantly. All what is required is a smart phone and you will get your loan instantly. Furthermore, mobile loans are paperless and thus very few requirements, if any, are needed. Again, there so many lenders providing loans online. The Mobile lenders have developed Apps that can be downloaded freely from Play Store. Here is one of the lenders providing such loans online.

Fadhili loans

Fadhili gives you access to fast and convenient loans to your M-Pesa. Use our loans to grow your business, pay your bills or deal with emergencies.

Install Fadhili loan app from google play and create account and begin applying

Fadhili will check how you have been using your phone to make calls, sms, data and how you use mobile money services such as M-Pesa. Fadhili will notify you of the amount of money you can apply for and explain the repayment terms

The Quick Loan Fadhili offer:

  1. Loan Amount: Ksh 300 ~ 300,000 Ksh
  2. Loan Term: The shortest tenor is 91 days, the longest is 365 days
  3. Fees: 12%
  4. APR: 12%
    Service Fee: They charge additional service fee to cover the cost of credit scoring,payment cost, and account management.

Loan calculator

The amount varies for loan amount requested
Example: If the loan amount is Ksh 20,0000 for one year loan term with the total fees of 12%, then the APR will be Ksh 2,400 which is also the loan fee.

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