FairKash+ Loans
Free
In Kenya V 4.0.2
5.0 (1 million +)
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for Android
for Android
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
MPESA cash loans are a very popular lending method in Kenya. This lending method has a flexible repayment period, and different repayment periods can be selected based on the borrower’s needs and repayment ability. This article will provide a detailed introduction to the optional repayment periods for MPESA cash loans in Kenya
Before choosing the repayment period for MPESA cash loans, borrowers need to understand the impact of repayment period on their repayment ability and interest expenses. Choosing a longer repayment period will reduce the monthly repayment amount, but it will increase the total interest expense. On the contrary, choosing a shorter repayment period will increase the monthly repayment amount, but it will reduce the total interest expenses. Therefore, borrowers need to choose the most suitable repayment period based on their own situation
There are three optional repayment terms for MPESA cash loans in Kenya: 12 months, 18 months, and 24 months. Each repayment term has a different monthly repayment amount and total interest expense. The following is a detailed introduction to each repayment period:
The 12 month repayment period is the shortest repayment period for MPESA cash loans. Borrowers who choose this repayment period need to repay a higher monthly amount, but their total interest expenses are relatively low. This repayment period is suitable for borrowers with stable income and excellent credit records
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
for Android
The 18 month repayment period is the average repayment period for MPESA cash loans. Borrowers who choose this repayment period need to repay a lower monthly amount, but their total interest expenses are relatively high. This repayment period is suitable for borrowers whose income is relatively stable but they do not want the monthly repayment amount to be too high
The 24 month repayment period is the longest repayment period for MPESA cash loans. Borrowers who choose this repayment period need to repay a lower monthly amount, but their total interest expenses are relatively high. This repayment period is suitable for borrowers with relatively low income but who want the repayment amount to be as low as possible
When choosing the repayment period for MPESA cash loans, borrowers need to consider their income, expenses, and repayment ability comprehensively. If the borrower wishes to have a lower monthly repayment amount, they can choose a longer repayment period; If the borrower wishes to reduce total interest expenses, they can choose a shorter repayment period. In addition, borrowers also need to consider their repayment ability to ensure that the chosen repayment period is affordable
There are three optional repayment terms for MPESA cash loans in Kenya: 12 months, 18 months, and 24 months. Choosing different repayment terms will affect the monthly repayment amount and total interest expenses. Borrowers need to choose the most suitable repayment period based on their own situation, ensuring timely repayment and avoiding additional interest expenses
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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