Izwa Loans is a mobile loan application that provides fast and easy loans to individuals in need of financial assistance.
With a seamless registration process, no paperwork or collateral requirements, and fast loan processing times, Izwa Loans makes it easy for anyone to obtain a loan from their smartphone.
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How to proceed:
To get started with Izwa Loans, simply download and install the Izwa Loans App on your smartphone.
Once installed, launch the app and register by providing your personal details. You can then view your loan limit and submit your loan request.
Benefits:
There are several benefits to using Izwa Loans, including:
- No registration fees
- No paperwork or security/guarantor requirements
- Ability to request a loan from any physical location without having to travel
- Fast loan processing times (within 30 minutes)
- Exact loan amount you apply for is disbursed to your registered mobile phone number
Loan Features:
Izwa Loans offers the following features:
- Loan repayment period of between 90 days and 365 days.
- Loan amounts starting from 250 to 50,000.
- Interest rate of 2% to 15% & a maximum APR of 30%.
- Top ups with just few clicks.
- Due date extensions.
- Limit increase with early or timely repayments.
- Processing fee 0
For example, if you take out a loan of KSh 50,000 with a repayment period of 90 days, you will have an interest of KSh 2,500 (7.5% interest rate).
The total amount repayable will be KSh 52,500. You will not be charged an amount above the service fee for the APR, and the processing fee is 0.
The monthly payment will be three equal payments of KSh 17,500 per month to clear the loan amount.
Loan Repayment:
Loan repayments are made via mobile and are applied instantly. After your loan is approved, you will receive repayment instructions.
You can also repay your loan before the due date and in installments of any amount. Once you settle the current loan, you can immediately request another loan.
Privacy and Permissions:
Izwa Loans verifies your identity and assesses your creditworthiness by collecting your full legal name, national ID, and M-Pesa number (Submitted Information).
No loan can be disbursed if the data is missing. The security and privacy of your data are taken seriously, and all your data is well encrypted and secured.
Izwa Loans promises never to share or sell your information with third parties without your permission.
Contact Us:
If you have any queries, you can reach Izwa Loans via email at izwaloans@gmail.com. The company is based in Nairobi, Kenya.
Conclusion:
Izwa Loans is a great option for anyone in need of quick and easy financial assistance.
With no registration fees, no collateral requirements, and fast loan processing times, it’s a great way to get the money you need without any hassle.
So, if you find yourself in need of a loan, download the Izwa Loans App today and get started.