How to track the progress of mpesa cash loan applications in Kenya?
mpesa is a Kenyan mobile-based lending service that provides cash loans to customers. To ensure that your loan application is successful, it is important to track the progress of your application. In this article, we will guide you on how to track the progress of your mpesa cash loan application in Kenya.
1. Create an Account
To track the progress of your loan application, you need to create an account with mpesa. This can be done by downloading the mpesa app from Google Play Store or the App Store and signing up with your phone number.
2. Apply for a Loan
Once you have created an account, you can apply for a loan by selecting the loan amount and repayment period that you want. You will then be required to fill in your personal details and submit your application.
3. Wait for Approval
After submitting your loan application, you will need to wait for approval. The approval process usually takes a few hours to a day. You can check the status of your loan application by logging into your mpesa account and checking the loan status.
4. Receive Disbursement
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5.0 (1 million +)
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for Android
If your loan application is successful, you will receive a notification from mpesa informing you of the disbursement. The funds will be sent directly to your mpesa account from where you can withdraw the money to your mobile wallet or bank account.
5. Repay the Loan
After receiving the loan, it is important to repay the loan according to the agreed repayment schedule. Failure to repay the loan on time may result in penalties and adversely affect your credit score.
6. Track Your Payments
You can track your loan payments by logging into your mpesa account and checking your loan balance and repayment schedule. It is important to ensure that you make your payments on time to avoid penalties and improve your credit score.
In conclusion, tracking the progress of your mpesa cash loan application in Kenya is easy and straightforward. By following the steps outlined above, you can ensure that your loan application is successful and that you are able to repay the loan on time. Remember, timely loan repayment is essential for improving your credit score and accessing more credit facilities in the future.
FairKash+: online cash loan
5.0 (1 million +)
Security Status
for Android
FairKash+:
online cash loan
for Android
5.0 (1 million +)
Security Status