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Meta Loan App

The Meta lending App is regarded as one of the most effective lending applications since it provides Kenyans with loans at reasonable interest rates. The loan application offers loans with repayment terms ranging from 91 days, which is equivalent to three months, to 365 days, which is equivalent to one year.

Meta Loan App Features

The following are the terms and conditions that apply to using the loan app provided by Meta Loan, which serves Kenyan customers.
1. The loan amount ranges from 1,000 to 80,000 Kenyan Shillings.
2. Tenure: 91 days – 365 days
3. Maximum loan limit: Ksh 80,000
4. maximum APR: 48% per year

As an illustration, the following are the costs that are paid for loans having a tenure of 91 days and an amount of Ksh20,000:
The interest rate that is accrued monthly is 4%, which may be calculated as follows:

Interest calculation every month: ksh 20,000 multiplied by 4% is ksh 800
The total amount that must be paid each month is: ksh20,000 divided by three plus ksh800.
The overall cost of the loan, including interest and principal, will be: ksh 20,000.00 plus ksh 20,000 multiplied by 4% times three, which equals ksh 22,400.

Why Should You Borrow From Meta Loan?

You will have access to your loan seven days a week, twenty-four hours a day, whenever you want, and wherever you are. Once approved, the funds will be transferred immediately to your M-PESA account in under one minute.

There is no demand for a credit report, and the application procedure will take place entirely online and on your mobile device. The maximum amount of the loan can be increased proportionally to the borrower’s credit score.

  • Must be a Kenyan resident;
  • Must be between 18 and 60 years old;
  • Must have a source of income and the ability to repay the loan.

How will the loan be repaid?

  • By using our M-pesa Paybill 4023507, and the account number is the M-pesa phone number you sign up with;
  • by using our M-pesa express application on your mobile device;
  • Type in the total amount you wish to pay, as well as your M-Pesa PIN.
  • If you make your payments on time, your credit score will go up, and you’ll have more opportunities to borrow more money.

Security

Your information will be kept secure here. It is provided to us over an encrypted HTTPS connection, and we do not disclose it to any third party, with the exception of the Lenders, unless you give us permission to do so.

An SSL encryption with a 128-bit key length is used to protect each and every transaction. Before you register with us, you can look over our privacy policies.

You may also have a look at the following:

Contact Meta Loan

If you have any comments, questions, or concerns, please feel free to

You can reach us at help@metaloan.co.ke via e-mail, or
Daykio Plaza in Nairobi City, Kenya

Browse through other Loan Apps in Kenya here.