EasyKash is a mobile loan application that provides a safe, reliable, and convenient loan service to Kenyan citizens. With EasyKash, you can get a loan of up to Ksh 100,000 in just a few simple steps.
Whether you need cash for an emergency or to cover unexpected expenses, EasyKash can help you get the money you need quickly and easily. In this article, we will explore the features, eligibility criteria, and application process of EasyKash loan app.
Contents
Features
EasyKash offers a range of loan options to meet the diverse needs of its customers. Here are some of the key features of EasyKash loans:
- Loan terms from 91 to 365 days
- Loans range from Ksh 1,000 to Ksh 100,000
- Interest ranges from 4% – 36% APR
- Processing fees range from Ksh 100 – Ksh 2700 one-time charge
- Maximum Annual Percentage Rate (APR) inclusive of interests and processing fee is 365%. Minimum Annual Percentage Rate (APR) inclusive of interest and processing fee is 5%.
To understand how the loan repayment works, let’s take an example. Suppose you apply for a loan amount of Ksh 6,000 for a period of 91 days, with the first installment due in 45 days and the second installment due in 46 days.
The loan will be disbursed to you on 8 June 2021. The first installment due date is 23 July 2021 with an amount of Ksh 3,000, interest of Ksh 27, and origination fees of Ksh 81, due repayment is Ksh 3,108.
The second installment due date is 7 September 2021 with an amount of Ksh 3,000, interest of Ksh 14, and origination fees of Ksh 42, due repayment is Ksh 3,056.
The total repayment should be Ksh 6,164, which includes the first installment due repayment of Ksh 3,108 and the second installment due repayment of Ksh 3,056.
Eligibility Criteria
To be eligible for an EasyKash loan, you need to meet the following criteria:
- You must be a Kenyan citizen
- You must be between 18 to 60 years old
- You must have a stable income
Application Process
The application process for an EasyKash loan is simple and straightforward. Here are the steps:
- Download the EasyKash app from the Google Play Store.
- Use your mobile phone number to register and log in.
- Complete the application form with the required information, including your personal details, income, and loan amount.
- Submit the application and wait for the review process to be completed.
Once your application is approved, the loan amount will be disbursed to your M-Pesa account. You can then use M-Pesa to complete the loan repayment easily and quickly.
Why Choose EasyKash
EasyKash offers a range of benefits that make it a preferred choice for borrowers in Kenya. Here are some of the reasons why you should consider using EasyKash:
- Simple and convenient application process: The entire loan application process can be completed on your mobile phone, making it quick and easy to apply for a loan.
- Direct connection to M-Pesa: EasyKash is directly connected to M-Pesa, which makes loan disbursement and repayment fast and convenient.
- High loan quota: EasyKash offers high loan quotas, especially for regular customers, which means that you can borrow more money when you need it.
- Competitive interest rates: EasyKash offers competitive interest rates, which makes it an affordable option for borrowers.
- Safe and secure: EasyKash uses advanced security measures to protect your personal and financial information, ensuring that your data is safe and secure.
- Excellent customer support: EasyKash has a dedicated customer support team that is available to help you with any questions or concerns you may have.
Customer Support
EasyKash values its customers and is committed to providing excellent customer support.
If you encounter any problems while using the EasyKash app, you can contact the customer support team by sending an email to support@easykash.co.ke.
The team will respond to your queries promptly and provide you with the assistance you need.
Conclusion
EasyKash is a safe and convenient loan app that provides borrowers with access to fast and affordable loans.
With a range of loan options and competitive interest rates, EasyKash is a great choice for anyone who needs cash quickly.
The application process is simple and can be completed on your mobile phone, and the loan disbursement and repayment process is fast and convenient.
If you are in need of cash, consider using EasyKash for a safe and reliable borrowing experience.