What are the fees and interest rates for Instant Cash App in Kenya?
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The Instant Cash app is a very convenient way to get a loan, which can help users get a loan quickly when they are in urgent need of funds. As technology develops, more and more people are choosing to use such applications to get loans. In Kenya, instant cash apps are also becoming increasingly popular. This article will introduce the fees and interest rates of instant cash apps in Kenya.
Application requirements
To get a loan with Cash Now app, you need to meet the following criteria:
– Aged 18 or above
– Possess valid identification
-Have a mobile phone
– Have a stable source of income
Fees
FairKash+: online cash loan
5.0 (1 million +)
Security Status
for Android
The cost of instant cash app in Kenya includes:
-Interest: Typically 10% to 15%, depending on the amount and term borrowed.
– Handling Fee: Most applications charge a handling fee of 2% to 5%.
– Liquidated damages: If you fail to repay as agreed, you may be charged liquidated damages, which vary by application.
Interest rate
Interest rates for instant cash apps in Kenya are usually between 10% and 15%. Some apps may offer lower rates, but you’ll need to meet certain conditions to get these deals.
How to apply for an instant cash app loan
If you are eligible and want to apply for an instant cash app loan, you can follow these steps:
1. Download the application of your choice and install it.
2. Register an account and fill in personal information and loan purpose.
3. Upload your identification and other necessary documents.
4. Select the loan amount and term you need.
5. Wait for the application review result, which usually takes a few minutes or hours.
6. If your loan application is approved, you will receive funds within minutes.
How to repay the loan
Repayments can usually be made through an app. You can choose to repay using a credit card, debit card or mobile payment platform. You need to make your repayments exactly as agreed or you may be charged liquidated damages.
Cash Now app is a convenient and fast way to borrow money in Kenya. Fees and interest rates depend on the amount and term borrowed, but are typically 10% to 15%. If you qualify and need access to cash quickly, consider an instant cash app loan. However, make sure you repay exactly as agreed to avoid being charged liquidated damages.
FairKash+: online cash loan
5.0 (1 million +)
Security Status
for Android
FairKash+:
online cash loan
for Android
5.0 (1 million +)
Security Status