FairKash+ Loans
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
for Android
for Android
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
Closing a personal loan after just 6 months may not be easy, and it typically depends on your lender’s policies and the terms of your loan agreement. Here are some steps to consider if you want to close your personal loan early:
Review Your Loan Agreement: Start by carefully reviewing the terms and conditions of your personal loan agreement. Pay attention to the sections related to prepayment or early repayment. Some loans may have prepayment penalties or fees for paying off the loan before the agreed-upon term.
Contact Your Lender: Reach out to your lender to discuss your intention to close the loan early. Ask them about the process, any prepayment penalties, and the exact payoff amount. The payoff amount may be higher than your current loan balance due to interest and fees.
Calculate the Payoff Amount: Request a payoff statement from your lender. This statement will provide you with the exact amount you need to pay to close the loan. Make sure you understand the validity period of the payoff statement, as the amount may change over time due to interest accrual.
Arrange the Payment: Once you have the payoff amount, make arrangements to pay off the loan. This may involve paying the lump sum amount to the lender or through an online portal, depending on your lender’s policies.
Verify Completion: After you make the payment, verify with your lender that the loan has been closed and that you have fulfilled all your obligations.
Check for Refunds: If you’ve paid any interest or fees in advance for the loan term, inquire with your lender about any potential refunds or reductions due to early repayment.
Update Your Credit Report: After the loan is closed, monitor your credit report to ensure it is updated to reflect the closed status of the loan. A closed loan with a positive payment history can have a positive impact on your credit.
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
for Android
Remember that some loans have prepayment penalties or clauses that make early closure more expensive. Be sure to understand all the terms and costs associated with closing your loan early before making a decision. Additionally, it’s important to have the funds available to pay off the loan in full before proceeding with early closure.
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
for Android
for Android
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
FairKash+ is approved by the Central Bank of Kenya. Download and use it.
The amount of loan you got.
Contact：+254 796383534
