FaKash is a fast credit loan app that operates in Kenya, offering instant loan credits directly to your account or M-PESA account or any other given account details.
The app is designed to provide quick and easy access to funds to cater to your immediate financial needs.
In this article, we will discuss the features and benefits of the FaKash loan app and how you can avail of its services.
Features and Benefits
The FaKash loan app provides loans ranging from KSh 1000 to KSh 100,000, with a loan period of 90 days to 365 days. The maximum loan limit is KSh 100,000.
The app’s eligibility criteria are simple – you must be a Kenyan citizen with valid ID proofs, an active bank account, and a source of income. Once you meet these requirements, you can avail of a loan quickly and easily through the app.
The app’s loan repayment structure is also simple and transparent. A representative example of the total cost of the loan, including all applicable fees, is provided on the app’s homepage.
For instance, if you borrow KSh 10,000 and the loan term is 180 days, and 21% annual interest rate is applicable, the total interest would be Ksh 10,000 * 16% * 180 / 365 = KSh 1035.
The monthly payment would be (KSh 10,000 + Ksh 1035 )/6 = KSh 1838, and the total repayment amount would be KSh 11,035.
Loan Process
The loan process of the FaKash app is straightforward and hassle-free. All you need to do is follow these simple steps:
- Download the FaKash app on your mobile phone.
- Fill in your personal and financial details and submit your loan application.
- Wait for data verification.
- Receive cash directly in your M-PESA account.
Once you have submitted your loan application, the app’s AI-based algorithm processes your information and calculates your credit score.
The app also verifies your identity by asking for permission to access your SMS history and other information on your phone. The app ensures complete privacy and security of your personal information.
Contact Information
If you have any queries or concerns regarding the FaKash loan app, you can contact the company through their email at fagbenro.lucky20@gmail.com.
The company’s physical address is located at NO.122 Ngong Rd, Nairobi, Kenya.
Conclusion
FaKash loan app is an excellent solution for individuals who require immediate access to funds for their financial needs.
The app’s simple eligibility criteria, transparent loan repayment structure, and hassle-free loan process make it an attractive option for individuals seeking quick and easy loans.
Moreover, the app’s privacy and security features ensure that your personal information is safe and secure. Download the FaKash app today and experience the convenience of instant loans at your fingertips.