Are you in need of quick cash for emergency situations? Okoa Cash Loan App is here to help you with your financial needs.
As one of the leading personal loan apps in Kenya, Okoa Cash Loan App offers a fast and hassle-free way to get cash loans via your mobile phone.
In this article, we will discuss how the app works and what benefits you can expect from using it.
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0% Interest Fee for Your First Loan up to 10K Kshs!
To encourage first-time borrowers, Okoa Cash Loan App offers a 0% interest fee for your first loan up to 10,000 Kshs.
This means that you can borrow money without worrying about any additional interest fees for your first loan.
Simple Loan Application Process
The loan application process is simple and straightforward. All you need to have is a valid Kenyan government ID and an unblocked mobile phone number.
After submitting your loan application online, you will receive an SMS with a code to sign the loan contract. Your loan can be approved within 5 minutes.
Fast Online Approval for Loyal Clients
Loyal and repeat customers can take Okoa Cash loan up to KSHS. 25,000 with a repayment term that can be stretched up to 180 days.
This means that you can enjoy a longer repayment period and borrow more money for your financial needs. Moreover, the loan application for loyal clients can be approved faster.
Competitive APR Rates
Okoa Cash Loan App offers competitive annual percentage rates (APR) for its loans. For the first 15 days, the interest rate is 0% per day or 0% per annum.
After the first 15 days, a floating interest rate is applied, ranging from 0% to 36% per annum. The loan cost is calculated based on the loan amount, loan period, and interest rate.
Representative Example
For instance, if you apply for KSHS. 20,000 and choose to repay the loan over 6 months, your monthly payments will be KSHS. 5,000 per month, and the total cost of the loan will be KSHS. 30,000*.
All applicable fees (including a processing fee of KSHS. 250) are already included in the total cost of the loan.
Simple Repayment Process
To repay your online loan, use Okoa Cash Loan App’s pay bill number. This is the most convenient way to repay your loan, without having to worry about going to a physical location.
Additional Benefits of Using Okoa Cash Loan App
Aside from the competitive APR rates, Okoa Cash Loan App offers other benefits for its users.
These include the ability to choose independently the sum and term of the loan, complete the form to obtain the loan online during the day and night, on the holidays and weekends, and the remuneration is only for the days of the use of the money.
Conclusion
Okoa Cash Loan App is your trusted partner for cash loans in Kenya. With its simple loan application process, competitive APR rates, and convenient repayment process, you can get the money you need, when you need it.
Whether you need the loan for emergency situations, to pay for school fees, or to fund your business, Okoa Cash Loan App is here to help. Don’t wait, download the app today and get started on your loan application!
