If you’re in need of some financial assistance, obtaining a personal loan can be a daunting task. However, KashPlus has made it easier for Kenyans to get access to loans through their mobile app.
With only a few clicks, you can get a loan sent to your M-Pesa account. In this article, we’ll take a closer look at what KashPlus Loan App has to offer.
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Getting Started with KashPlus Loan App
To get started with KashPlus Loan App, you’ll need to download the app from the Google Play Store or Apple App Store.
Once you’ve installed the app, you can register with your phone number. You will then need to verify your identity in three easy steps through the app.
After completing the verification process, you can then apply for a loan.
Loan Applicant Requirements
To be eligible for a loan from KashPlus Loan App, you need to be a Kenyan citizen aged between 20 to 60 years old.
Loan Offer
KashPlus Loan App offers personal loans ranging from KES 2000 to KES 50,000 with a loan term of 91 to 365 days.
The interest rate for the loans is 1.3% per month or 16% per annum. It’s important to note that there are no service fees charged on these loans, making it a cost-effective option for Kenyans.
Example Loan Calculation
Let’s take an example to understand how KashPlus Loan App’s interest rates work. Suppose you take out a loan of KES 2000 with a loan term of 365 days.
The annual interest rate is 16%, which translates to a total interest of KES 320. There is no service fee charged, so the total amount you’ll need to repay is KES 2320. This amount can be repaid on a monthly basis, with each payment being KES 193.
Contacting KashPlus Loan App
If you have any feedback, questions, or concerns regarding KashPlus Loan App, you can reach out to their support team by emailing support@kashplus.co or messaging them on WhatsApp at +254 769569250.
You can also visit their office located at Muthangari Dr, Nairobi, Kenya.
Conclusion
KashPlus Loan App offers a convenient way for Kenyans to get personal loans with minimal hassle. With a straightforward application process and no service fees, it’s an affordable option for those in need of financial assistance.
If you meet the eligibility requirements, you can download the app today and start your loan application process.