In Kenya, access to credit has been a significant challenge for many people. Banks and other traditional lending institutions have strict eligibility criteria, lengthy application processes, and often require collateral.
However, with the introduction of digital lending platforms, access to credit has become easier and more convenient. One such platform is M-KASH LOANS, a fast and reliable loan app that offers instant loan credits directly to your account or M-PESA account or other given account details.
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Why M-KASH LOANS is the Best Instant Credit Loan App
M-KASH LOANS offers a range of benefits that make it the best instant credit loan app in Kenya.
Firstly, the loan application process is straightforward and swift, making it easy for anyone to apply for a loan.
Secondly, the loan disbursement is also quick, with money credited to your account within just 5 minutes.
For those who prefer a face-to-face interaction, M-KASH LOANS offers cash loans on visit to their branch offices.
Loan Terms
M-KASH LOANS offers loan tenures ranging from 61 days to 365 days, making it flexible to choose a repayment period that suits your needs. The interest rate charged is 12.5% per annum, which is reasonable compared to other lending platforms in Kenya.
The loan amount offered by M-KASH LOANS ranges from Kes.1,500 to Kes. 50,000, making it accessible to a wide range of borrowers.
The processing fee charged is 5% of the principal amount, with a minimum amount of Kes. 60 and a maximum of Kes. 600.
For instance, if you take a 61-day loan with a principal amount of Kes. 3,000, the processing fee would be Kes. 150, and the interest charged would be Kes. 61.64.
The total amount due would be Kes. 3,211.64, with a monthly payment of Kes. 1605.82.
Repay on Time and Build a Positive Credit History
M-KASH LOANS emphasizes the importance of timely loan repayment. It not only enables you to avoid additional charges but also helps build a positive credit history.
Timely repayment increases your credit limit and allows you to apply for higher loans credit in the future.
M-KASH LOANS reports your loan repayment behavior to the Credit Reference Bureau, which is a positive step towards building a good credit score.
Conclusion
In conclusion, M-KASH LOANS is a fast and reliable loan app that provides instant loan credits to your account or M-PESA account or other given account details.
The loan application process is straightforward, and the loan disbursement is quick. With flexible loan tenures ranging from 61 days to 365 days and a reasonable interest rate of 12.5% per annum, M-KASH LOANS is accessible to a wide range of borrowers.
Timely repayment not only enables you to avoid additional charges but also helps build a positive credit history, which is crucial for accessing higher loan amounts in the future.