In Kenya, accessing personal loans can be a tedious and frustrating process. The traditional methods of loan acquisition involve multiple visits to the bank or other financial institutions, a lengthy application process, and a considerable amount of time waiting for approval.
With the emergence of fintech companies and loan apps, accessing personal loans has become much more comfortable and convenient.
One of the leading fintech companies in Kenya that offers quick and easy access to personal loans is iUpesi Kash Loans Kenya.
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Requirements for Loan Acquisition
To access a loan through the iUpesi Kash Loan App, you must meet the following requirements:
- You must be a Kenyan citizen
- You must be between the ages of 20 and 60
Loan Features
The iUpesi Kash Loan App offers borrowers flexible loan features that cater to their diverse financial needs. These features include:
- Loan Amount: KES 2,000 – KES 50,000
- Loan Term: 91 – 365 days
- Interest Rate: 1.3% per month, 16% per annum
- Service Fee: 0
Browse through other Loan Apps in Kenya here.
How to Apply for a Loan
The iUpesi Kash Loan App offers a streamlined loan application process that is quick and easy. The loan application process involves only four steps:
- Install the iUpesi Kash Loan App from the Google Play Store.
- Register using your phone number.
- Verify your identity in three simple steps using the app.
- Get your loan sent to your M-Pesa.
With just four clicks, you can access the funds you need to take care of your financial needs.
Loan Interest Rates and Calculation
The iUpesi Kash Loan App charges an interest rate of 1.3% per month, which translates to an annual interest rate of 16%.
The interest rates are calculated based on the amount of the loan, the loan tenure, and the repayment schedule.
For example, if you borrow KES 2,000 with a loan tenure of 365 days, your total interest will be KES 320, and your total amount payable will be KES 2,320.
Contacts
If you have any questions or concerns about the iUpesi Kash Loan App, you can contact the company via email at info@iupesi.io.
Conclusion
iUpesi Kash Loan App is an excellent option for individuals in Kenya seeking quick and easy access to personal loans.
With a straightforward loan application process, flexible loan features, and competitive interest rates, the iUpesi Kash Loan App offers borrowers the financial support they need to meet their financial obligations.
If you are a Kenyan citizen between the ages of 20 and 60, download the iUpesi Kash Loan App today and take advantage of its numerous benefits.