In today’s fast-paced world, unexpected expenses can arise at any time. It could be a medical emergency, home repairs, or even a small business investment.
However, not everyone has access to the necessary funds to cover such expenses. This is where Mkopo Haraka comes in to provide convenient and secure cash loans to all Kenyan citizens.
Mkopo Haraka is a loan app that provides online cash funds to all citizens, with a credit limit of up to Kshs 50,000.
The app’s mission is to offer safe, convenient, and secure cash loans to users. It offers a quick and easy loan application process with a low-interest rate of up to 25% per year.
Loan Features
The platform offers a loan amount ranging from KSh 500 to KSh 50,000, with a loan period of 91 days to 365 days.
The maximum loan limit is Ksh 80,000, and the service fee ranges between Sh. 95-199. The app provides a representative example to help users calculate their total interest and repayment amount.
For instance, if the loan amount is Ksh.3000, the total interest charged will be Ksh.780. The processing fee is deducted from the loan provided, meaning that the total repayment amount will be Ksh.(3,000 + 780 – 95) = Ksh.3,685.00.
Benefits of Using Mkopo Haraka
Mkopo Haraka provides several benefits that make it an attractive loan app to consider:
No Credit Report Required
One of the most significant advantages of using Mkopo Haraka is that the loan app does not require a credit report.
This means that users with a low credit score can still apply for loans without worrying about getting rejected based on their credit history.
Available Across Kenya
Mkopo Haraka is available to all Kenyan residents, making it accessible to users across the country. Users can apply for a loan at any time, regardless of their location.
Gradual Increase in Loan Limit
Mkopo Haraka allows users to increase their loan limit as their credit score grows. This means that users who repay their loans on time will gradually increase their loan limit, making it easier for them to access higher loan amounts.
Convenient Repayment Methods
The loan app provides a variety of convenient repayment methods, including mobile money transfer services like M-PESA. This makes it easy for users to repay their loans without having to visit a bank or financial institution.
Loan Extension
If users do not have enough money to repay their loan, they can apply for a loan extension. This allows users to extend their loan period, giving them more time to repay their loan without incurring additional fees or penalties.
Paperless and Digital Process
Mkopo Haraka offers a paperless and digital loan application process. Users can apply for a loan using their mobile phones, making it easy and convenient for them to access cash loans.
No Collateral Requirements
Unlike traditional loans that require collateral, Mkopo Haraka does not require users to provide any collateral to access loans.
This makes it easier for users to apply for loans without worrying about putting their assets at risk.
24/7 Access
Mkopo Haraka provides users with 24/7 access to loans, meaning that they can apply for loans at any time, from anywhere.
Disbursement to M-PESA
Once a loan is approved, Mkopo Haraka disburses the funds directly to the user’s M-PESA account within one minute. This ensures that users can access their funds quickly and conveniently.
Who Can Apply for a Loan?
To apply for a loan from Mkopo Haraka, users must meet the following requirements:
- Be a Kenyan resident
- Be between 18 and 60 years old
- Have a source of income
If a user meets these requirements, they can apply for a loan by downloading the Mkopo Haraka app from the Google Play Store. Once the app is downloaded, users can create an account and follow the step-by-step loan application process.
Conclusion
Mkopo Haraka is a loan app that offers safe, convenient, and secure cash loans to all Kenyan citizens. It provides a quick and easy loan application process with a low-interest rate of up to 25% per year.
The loan app offers several benefits, including no credit report requirements, a gradual increase in loan limits, and convenient repayment methods.
Users can access loans ranging from KSh 500 to KSh 50,000, with a loan period of 91 days to 365 days.
The loan app also provides a paperless and digital loan application process and disburses funds directly to the user’s M-PESA account within one minute of loan approval.
Overall, Mkopo Haraka is a reliable loan app that offers a solution to the financial needs of Kenyan citizens. With its easy loan application process and convenient repayment methods, users can access the funds they need quickly and securely.
Whether it’s for unexpected expenses or small business investments, Mkopo Haraka is a loan app that provides a safe and convenient way to access cash loans.