Cash-Flex is a mobile money lending app that offers fast loans to Kenyan borrowers via M-PESA.
The app is managed by Hlinvest and aims to provide convenient and accessible financial solutions to its users.
In this article, we will explore the features of Cash-Flex Loan App, including its interest rates, loan limits, repayment process, and customer support.
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Loan Limits and Interest Rates
The minimum loan amount that can be accessed via Cash-Flex is Ksh 2,000, while the maximum loan amount is Ksh 50,000, which is directly disbursed to the borrower’s M-PESA account.
The loans are subject to an interest rate of 1.3% per month or 16% per year. While these rates are relatively low compared to other mobile money lenders in Kenya, it’s important to note that the app charges fees before one can apply for a loan.
The app displays ads, which may not be favorable for some users.
How to Access Loans on Cash-Flex
To start accessing loans from Cash-Flex, one needs to download the Cash-Flex Loan App from Google Play Store and create an account.
The registration process is straightforward and requires the user to provide their personal details, including their M-PESA number, National ID number, and email address.
The app then verifies the user’s details, after which they can access loans.
Repayment Process
Cash-Flex loans have a repayment duration ranging from 91 days to a maximum of 365 days. Repayment can be done from within the app, without the need for a cash-flex loan app paybill number.
The app allows borrowers to make partial payments, which helps in reducing the loan burden.
Customer Support
Cash-Flex does not have mobile phone numbers that users can contact for support. However, users can reach out to the app’s support team via email at evanskipkirui094@gmail.com.
The support team is responsive and provides assistance with loan-related queries, including loan applications, repayments, and loan limits.
Conclusion
Cash-Flex Loan App provides a convenient and accessible financial solution for Kenyan borrowers in need of fast loans.
The app’s relatively low-interest rates and flexible repayment terms make it an attractive option for those seeking financial assistance.
Users should be aware of the fees charged before loan application and the presence of ads in the app. Overall, Cash-Flex Loan App is a reliable and convenient platform that offers a viable alternative to traditional banking services in Kenya.