Are you in urgent need of cash? MB-Kash – Best Fast Credit Loans app is here to help you out. MB-Kash is a quick loan app that operates in Kenya, Nigeria, South Africa, Mexico, and the Philippines.
It offers instant loans that are directly credited to your M-PESA account or other given account details. In this article, we will discuss the features and benefits of MB-Kash loan app and the loan terms for different countries.
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Why MB-Kash Best Fast Credit Loans app
MB-Kash loan app is the best option for anyone looking for quick loans. The app has several features that make it stand out from other loan apps.
Here are some of the reasons why you should choose MB-Kash loan app:
- Money in your account in just 5 minutes: With Eazzy banking, you can receive your loan within 5 minutes of application.
- One on one chat with customer care via the loan app: You can get immediate assistance from customer care through the loan app.
- Simple and swift registration and application process: The loan application process is easy and straightforward.
- Cash loans on visiting our branch offices: In addition to applying for loans on the app, you can also visit any of our branch offices to apply for loans.
Browse through other Loan Apps in Kenya here.
Loan Terms
MB-Kash loan app offers different loan terms for different countries. Here are the loan terms for different countries:
Kenya
- Loan Amount: from Kes.1,500 to Kes. 100,000.
- Processing Fee: 5% of the principal amount with a minimum amount of kes 60 and a maximum amount of kes 600.
- Tenure: The shortest tenor is 61 days, and the longest is 365 days.
- Interest Rate: 12.5% per annum.
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 would be Kes. 61.64.
The total amount due would be Kes. 3,211.64, and the monthly payment would be Kes. 1,605.82.
Nigeria
- Loan Amount: from ₦.5000 to ₦. 350,000.
- Processing Fee: 5% of the principal amount with a minimum amount of ₦ 200 and a maximum amount of ₦ 2,000.
- Tenure: The shortest tenor is 61 days, and the longest is 365 days.
- Interest Rate: 12.5% per annum.
For instance, if you take a 61-day loan with a principal amount of ₦ 10,000, the processing fee would be ₦ 500, and the interest would be ₦ 205.48.
The total amount due would be ₦ 10,705.48, and the monthly payment would be ₦ 5,352.74.
South Africa
- Loan Amount: from R.230 to R. 15,000.
- Processing Fee: 5% of the principal amount with a minimum amount of R10 and a maximum amount of R100.
- Tenure: The shortest tenor is 61 days, and the longest is 365 days.
- Interest Rate: 12.5% per annum.
For instance, if you take a 61-day loan with a principal amount of R500, the processing fee would be R25, and the interest would be R10.27.
The total amount due would be R535.27, and the monthly payment would be R267.64.
Mexico
- Loan Amount: from $.300 to $. 19,500.
- Processing Fee: 5% of the principal amount with a minimum amount of $12 and a maximum amount of $120.
- Tenure: The shortest tenor is 61 days, and the longest is 365 days.
- Interest Rate: 12.5% per annum.
For instance, if you take a 61-day loan with a principal amount of $600, the processing fee would be $30, and the interest would be $12.33.
The total amount due would be $642.33, and the monthly payment would be $321.17.
Philippines
- Loan Amount: from ₱.700 to ₱. 44,500.
- Processing Fee: 5% of the principal amount with a minimum amount of ₱27 and a maximum amount of ₱270.
- Tenure: The shortest tenor is 61 days, and the longest is 365 days.
- Interest Rate: 12.5% per annum.
For instance, if you take a 61-day loan with a principal amount of ₱1,300, the processing fee would be ₱65, and the interest would be ₱26.71.
The total amount due would be ₱1,391.71, and the monthly payment would be ₱695.86.
Repay on time and build a positive credit history
Timely repayment of your loans can help you build a positive credit history. This, in turn, increases your credit limit and allows you to apply for higher loans in the future. MB-Kash loan app makes it easy for you to repay your loans on time.
Contact Us
If you have any grievances, feedback, questions, or concerns concerning MB-Kash loan app, please email us at laxsoft.ke@gmail.com.
You can also visit any of our branch offices for advanced loans based on title deeds or logbooks.
Our address is Laxsoft KE Limited, Juja Professional Building 4th Floor Opp Barclays Bank, Juja,
P.O Box 336-01001, Kalimoni, Juja.
Privacy and Permissions
When you download MB-Kash loan app, we will ask for permission to use the data on your phone, including your SMS history and other information, to verify your identity and create a credit score.
We take privacy very seriously, and your personal information will never be shared without your direct permission.
Conclusion
MB-Kash loan app is the perfect solution for anyone looking for quick loans. The app is available in several countries, including Kenya, Nigeria, South Africa, Mexico, and the Philippines.
With MB-Kash loan app, you can get instant loans that are directly credited to your account. The loan application process is easy and straightforward, and you can get immediate assistance from customer care through the loan app.
Timely repayment of your loans can help you build a positive credit history and increase your credit limit.