In today’s fast-paced world, where financial needs can arise at any time, mobile loan apps have become increasingly popular in Kenya.
One of the leading mobile loan apps is AfrikaLoan Kenya, which offers loans up to KSh70,000 directly to your M-Pesa account.
In this article, we will discuss the features of AfrikaLoan Kenya and how it works, and why it is becoming a preferred choice for people seeking quick financial assistance.
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What AfrikaLoan Kenya Offers?
AfrikaLoan Kenya provides loans ranging from KSh500 to KSh70,000, with a minimum repayment period of 70 days and a maximum repayment period of 720 days.
The Annual Percentage Rate (APR) varies from 28% to 220.5%. The best part is that there are no service fees charged. The loan calculator on the AfrikaLoan app provides a clear breakdown of the loan amount, interest rate, and repayment schedule.
For example, if you borrow KSh5,000 for a 70-day period at an interest rate of 1% per day, you will need to pay KSh1,456.42 fortnightly for five times, which will add up to KSh7,282. The total interest charged will be KSh2,282.
How Does AfrikaLoan Kenya Work?
To get started, download the AfrikaLoan App from Google Play Store, and fill in a short application form on the app.
You can choose the loan amount you require, and the loan calculator will provide a breakdown of the loan amount, interest rate, and repayment schedule.
Once your application is approved, you will receive the money directly to your M-Pesa account.
It is important to remember that timely repayment of loans will increase your credit limit, and help you apply for higher amounts in the future.
With AfrikaLoan Kenya, you can get access to bigger loans, lower interest rates, and flexible repayment terms. You can also get special offers and earn money by inviting your friends to use the app.
Why People Choose AfrikaLoan Kenya?
AfrikaLoan Kenya offers several benefits that make it a preferred choice for people seeking quick and convenient access to financial assistance.
Completely Online
The app is completely online, which means there is no need to visit an office to apply for a loan. You can fill in the application form on the app from anywhere, at any time.
Fast Processing
AfrikaLoan Kenya offers instant loan processing, which means you can receive the money in your M-Pesa account as soon as your application is approved.
Great Terms
The app offers low-interest rates and flexible repayment terms, with no hidden fees or charges.
Safe and Secure
AfrikaLoan Kenya takes the security of your personal data seriously, and encrypts all personal data to protect your privacy. The company does not share any data with third parties.
Customer Support
AfrikaLoan Kenya has a dedicated customer support team that is always ready to answer any questions you may have via Facebook or email.
Responsibility and Reminders
AfrikaLoan Kenya is a responsible mobile loan service provider, and it is important to remember that you should only borrow what you are able to repay and what you really need.
Repaying your loan on time is important for building a positive credit history and avoiding repercussions.
Contact AfrikaLoan Kenya
If you have any queries or require further information, you can reach out to AfrikaLoan Kenya through their online chat on the app or Facebook (facebook.com/afrikaloankenya).
Conclusion
AfrikaLoan Kenya provides a fast and convenient solution for people seeking access to financial assistance. With its competitive interest rates, flexible repayment terms, and excellent customer support, it has become a preferred choice for many Kenyans.
The app’s user-friendly interface and easy loan application process have made it one of the most popular mobile loan apps in the country.
Mobile loan apps have become an essential part of Kenya’s financial ecosystem, providing access to credit to millions of people who would otherwise be excluded from traditional financial services.
As mobile loan service providers continue to evolve and innovate, it is expected that they will play an even more significant role in providing financial assistance to those in need.
AfrikaLoan Kenya’s commitment to responsible lending and customer satisfaction has earned it a reputation as a reliable and trustworthy mobile loan app.
With its excellent features and benefits, AfrikaLoan Kenya is an excellent option for anyone looking for quick and easy access to financial assistance.