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
Repayment options for online loan applications can vary based on the type of loan, the lender’s policies, and the terms of the loan agreement. Here are common repayment options:
Fixed Monthly Payments: Many loans, such as personal loans, installment loans, auto loans, and mortgages, come with fixed monthly payments. Borrowers repay the loan amount, including interest, in equal installments over the loan term.
Flexible Payments: Some lenders offer flexible repayment options, allowing borrowers to choose their payment schedule—weekly, bi-weekly, or monthly payments. This flexibility might accommodate varying income schedules or preferences.
Automatic Payments: Lenders often provide the option for automatic payments where the monthly installment is deducted directly from the borrower’s bank account. This ensures timely payments and might sometimes qualify borrowers for interest rate discounts.
Extra Payments or Lump Sums: Borrowers might have the option to make additional payments or lump-sum payments toward the principal loan amount, reducing the overall interest and shortening the loan term.
Interest-Only Payments: In some cases, particularly with certain types of loans like lines of credit or home equity loans, borrowers may have the option to make interest-only payments for a specified period before starting to pay down the principal amount.
Deferred Payments: Some lenders offer a grace period at the beginning of the loan term, allowing borrowers to defer payments for a specified period before the repayment schedule begins.
Biweekly Payments: Instead of monthly payments, borrowers can opt for biweekly payments, making half of the monthly payment every two weeks. This results in making an extra payment each year, reducing the loan term.
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
for Android
Balloon Payments: Some loans, like certain mortgages or auto loans, might have a balloon payment option where a significant lump sum is paid at the end of the loan term to clear the remaining balance.
When applying for an online loan, it’s crucial to review the loan agreement and discuss repayment options with the lender. Understanding the available repayment plans helps borrowers choose the most suitable option based on their financial situation and preferences.
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.
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Contact：+254 796383534
