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
FairKash+ is an online cash lending app that provides loans in Kenya. However, the interest rates of FairKash+ loans vary depending on several factors. In this article, we will explore the interest rates of FairKash+ loans in Kenya and what factors contribute to these rates.
Factors Affecting Interest Rates
The interest rates of FairKash+ loans are determined by several factors, including:
1. Loan Amount: The amount of money borrowed affects the interest rate charged. Generally, the higher the loan amount, the lower the interest rate.
2. Loan Term: The longer the loan term, the higher the interest rate. Short-term loans usually have lower interest rates than long-term loans.
3. Credit Score: The interest rate charged also depends on the borrower’s credit score. Borrowers with a high credit score are likely to pay lower interest rates than those with a low credit score.
4. Repayment History: Borrowers who have a good repayment history are likely to be charged lower interest rates than those with a poor repayment history.
FairKash+ Interest Rates
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
for Android
The interest rates of FairKash+ loans range from 10% to 30% per month. The interest rate charged depends on the borrower’s credit score, repayment history, loan amount, and loan term.
For example, if a borrower with a good credit score borrows KES 10,000 for a short-term loan, they may be charged an interest rate of 10% per month. However, if the same borrower borrows the same amount for a long-term loan, they may be charged an interest rate of 20% per month.
On the other hand, a borrower with a poor credit score may be charged a higher interest rate, even for a short-term loan. For instance, if a borrower with a poor credit score borrows KES 10,000 for a short-term loan, they may be charged an interest rate of 30% per month.
Conclusion
In conclusion, the interest rates of FairKash+ loans in Kenya are determined by various factors such as loan amount, loan term, credit score, and repayment history. Borrowers with a good credit score and repayment history are likely to pay lower interest rates than those with poor credit scores and repayment history. However, it is crucial to note that borrowing loans comes with financial responsibilities that should be taken seriously. Borrowers should ensure they only borrow what they can repay to avoid debt accumulation.
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
