Kashway Loan App is a Wakanda-PllCredit product and one of the most used loan apps in Kenya. It is simple to use and makes it easy to apply for a loan.
Kashway Loan App is a fast and simple way to get a loan in Kenya. You can download the loan app and fill out the application form to get your cash in your Mpesa Account in no time.
This article will cover the Kashway Loan Application, how to download it and their loan interest and fees.
Let’s get started.
Table of Contents
Here’s what you need to know about KashWay Loan App
KashWay App is a popular choice because of its competitive interest rates and low fees. It is unlike any other loan app. To simplify the loan application process, Kashway has a user-friendly interface.
KashWay loans have an interest rate of 30%, and a maximum 72% APR. There are also additional fees and penalties for late payments. Kashway’s mobile loan application can be more expensive than other applications because of this.
There is an additional service fee of 22%, along with the annual percentage rate.
You can take a loan for Ksh. With a 180-day repayment period, you will pay Ksh. 4920. 4920 + 4920*22% = Ksh 6002.4, excluding the interest rate.
Let’s wait a moment, what is the Annual Percentage Rate (APR)? The Annual Percentage Ratio (APR), is the interest rate at which your loan accrues. It is basically the cost of borrowing money. KashWay Loan App charges a monthly rate between 30% and 72% depending on how much is borrowed.
Here are some more facts about KashWay.
- Instant loan approval: KashWay Loan App provides instant loan approval. You only need to download the app and fill out the application form. Your cash will be in your Mpesa account within minutes.
- KashWay Loans do not require collateral: KashWay Loans don’t need collateral like traditional bank loans. You don’t have to pledge your house or car as collateral for the loan.
- Repayment period for KashWay Loans: Between 30 and 180 days.
How do I apply for a KashWay loan?
It is easy to apply for a KashWay loan.
To download the loan app, go to Google Play Store and Apple App Store.
After you have downloaded the app, please open it to register for an account.
After you’ve registered and logged into the app, it will scan your phone to find additional information, such as your M.Pesa transaction logs, Call history logs or Phone book records.
This information can be used to verify your identity and determine your loan limit. To apply for a loan, enter the amount you need and the period of repayment. The app will calculate interest and fees, and display them on your screen.
Click on the button “Apply Now” to accept the terms. They will deposit the money in your M-Pesa account in a matter of minutes.
It’s so simple!
That’s it. This is all there is to know about KashWay. We hope you found this article helpful.
This information is used to verify your identity, set your loan limit, and CRB status. Enter the amount of money you need and the repayment period to apply for a loan. The app will then calculate your interest and fees and display them on the screen.
If you are happy with the terms, click on the “Apply Now” button, and they will deposit the money into your M-Pesa account within minutes.
It’s that simple!
So, there you have it. That is all you need to know about KashWay. We hope this article was helpful.
