Looking for a convenient and adaptable personal loan solution in Kenya? Use the Dolaxplus Loan App without delay.
Dolaxplus loan app is a top personal loan platform that gives people more control over their finances because of its distinctive features and user-friendly layout.
We will go into great detail about the Dolaxplus Loan App in this article, covering its conditions, requirements, the application process, and more.
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Dolaxplus Loan App Terms
Dolaxplus offers a straightforward registration and application process, allowing you to access funds directly to your M-Pesa account. Here are the key terms associated with Dolaxplus loans:
- Loan Amount: You can apply for a loan ranging from KSh 500 to KSh 100,000.
- Payment Terms: The first loan you can apply for has a fixed term of 91 days.
- Processing Fee: For the 91-day loan payment terms, there is a one-time processing fee of KSh 250, which is determined based on risk-based pricing.
- Repayment Period: The minimum repayment period for Dolaxplus loans is 91 days, while the maximum period is 180 days.
- Loan Growth Opportunity: By repaying your loan on time, you have the opportunity to increase your loan amount up to KSh 100,000.
- Low-Interest Rate: Dolaxplus offers competitive interest rates, with a maximum Annual Percentage Rate (APR) of 48% per year.
To better understand the cost of borrowing, let’s consider an example. Suppose you take out a loan of KSh 20,000 with a term of 91 days. The fees charged for this loan would be as follows:
- Monthly interest rate: 48% / 12 = 4%
- Monthly interest: KSh 20,000 * 4% = KSh 800
- Total monthly payment: KSh 20,000 / 3 + KSh 800 = KSh 7,466
Therefore, the total repayment bill, including the principal amount and interest, would be:
KSh 20,000.00 + KSh 2,400.00 = KSh 22,400.00
Please note that Dolaxplus applies affordable fees and interest rates based on the product you choose. These charges are essential for credit score assessment, account management, and payment costs.
Eligibility for Dolaxplus Loan App
To be eligible for a loan through Dolaxplus Loan App, you need to meet the following criteria:
- Kenya Resident: You must be a resident of Kenya to apply for a loan.
- Age Requirement: You should be between 18 and 60 years old.
- Source of Income: You must have a reliable source of income to demonstrate your ability to repay the loan.
Dolaxplus aims to make loan access more inclusive, providing opportunities to individuals from various backgrounds and financial situations.
How Does Dolaxplus Loan App Work?
Now that you understand the terms and eligibility criteria, let’s take a look at how Dolaxplus Loan App works:
- Download Dolaxplus Loan App: Begin by visiting the Google Play Store on your mobile device. Search for “Dolaxplus Loan App” and download it onto your smartphone.
- Fill the Application Form: Once the app is installed, open it and fill out the short application form. Choose the desired loan amount and proceed to sign up with Dolaxplus.
- Evaluation and Approval: After submitting your application, Dolaxplus will evaluate it. If approved, you will receive the loan amount directly in your M-Pesa account.
The entire process is designed to be quick and hassle-free, allowing you to access the funds you need promptly.
Contact Dolaxplus Loan App
If you have any questions or require assistance, you can reach out to Dolaxplus Loan App’s support team through the following contact details:
- Call Center: +254 780252524
- Email: support@dolaxPlus.co.ke
Dolaxplus Loan App is committed to providing excellent customer service and ensuring that your loan experience is as smooth as possible.
Conclusion
The Dolaxplus Loan App is a trustworthy and user-friendly personal loan platform that gives Kenyans more control over their finances and empowers them.
The Dolaxplus loan app is a great option for people looking for financial assistance thanks to its adaptable loan periods, low-interest rates, and simple application process.
The Dolaxplus loan app aims to make borrowing available to a variety of people by providing reasonable costs and clear terms. Dolaxplus Loan App will help you take charge of your financial destiny. Download it now.
Disclaimer: The information provided in this article is based on the available information at the time of writing. Please refer to Dolaxplus Loan App’s official website or contact their customer support for the most up-to-date and accurate details regarding their services and terms.