CashSea is a loan platform that provides Kenyan citizens with a convenient and secure way to obtain loans.
With an easy application process and reasonable terms, CashSea is a great option for those looking for a quick loan.
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Application Requirements
To be eligible for a loan on CashSea, applicants must meet the following requirements:
- Be a Kenyan citizen
- Be between 18-65 years old
- Have a regular source of income
Loan Terms and Conditions
CashSea offers loans ranging from Kes. 2,000 to Kes. 100,000 with a loan tenure of 91 days to 365 days. The Annual Percentage Rate (APR) on loans can go up to 30%, and the service fee ranges from 5% to 10%.
Users should note that penalty fees are only charged when payments are delayed. If customers pay back their loans on time, they can take out their next loan without the need for additional documentation.
To illustrate, let’s assume a loan amount of Kes 20,000 with an interest rate of 20% per annum, a tenure of 180 days, and a service fee of 6%. The interest on the loan would be Kes 1973, and the service fee would be Kes 1200.
The total amount to be repaid would be Kes 23,172 (20,000 + 1973 + 1200), with a monthly payment of Kes 3862 (23,172 / 6).
Applying for a Loan on CashSea
The loan application process on CashSea is straightforward and can be completed in a few easy steps:
- Sign up: Users need to sign up on the CashSea app by providing their basic details such as name, email address, and phone number.
- Fill in basic details: Once signed up, users can log in to the app and fill in their basic details such as their employment status, monthly income, and other required information.
- Apply for a loan: After filling in the basic details, users can apply for a loan by entering the amount they require and the loan tenure.
- Wait for approval: Once the loan application is submitted, users need to wait for approval. CashSea will review the application and notify users of the status of their loan application.
Personal Data Safety
CashSea promises to keep users’ personal data safe. The platform takes various measures to ensure that users’ personal and financial information is secure.
Customer Service
If users have any questions about using CashSea, they can contact the customer service team via email at LakshmanKumar1991@yahoo.com or by visiting the company’s address at Gumba Estate house no A3-04, Shekinah Apartments.
Conclusion
CashSea is a convenient and secure loan platform that provides quick loans to Kenyan citizens.
With reasonable terms and a straightforward application process, CashSea is a great option for those in need of a short-term loan.
Users can rest assured that their personal data is secure and that they can easily contact customer service if they have any questions.