Ustawi Loan App is a mobile loan app that provides quick online cash loans to Kenyan citizens. The app is designed to make it easy for users to access credit anytime, anywhere.
With Ustawi, you can complete your loan application in seconds and receive your funds straight to your MPesa account. Here’s what you need to know about Ustawi Loan App.
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Getting Started
It’s easy to get started with Ustawi Loan App. All you need is your phone number to create your account. Once you’ve created your account, you can apply for a loan in seconds.
Ustawi Loan App offers loans ranging from Ksh.500 to Ksh.50,000, with flexible repayment options ranging from 91 to 365 days.
No Paperwork or Collateral Needed
Ustawi Loan App prides itself on its ease of use. There’s no paperwork, collateral or office visits required. You can apply for a loan from the comfort of your own home or on the go.
This makes Ustawi Loan App an ideal solution for those who need quick cash without the hassle of traditional loan applications.
Build Your Loan Limit
Ustawi Loan App offers users the opportunity to build their loan limit by making repayments on time. As you pay back your loans on time, your fees decrease, and you unlock larger loans with more flexible terms.
This allows you to gradually increase your borrowing power over time.
Key Features
Ustawi Loan App puts you in control of your finances. The app lets you apply for credit on the go, and it works 24/7. Here are some of the key features of Ustawi Loan App:
- Easy application process
- Fast loan processing
- Instant deposit to your MPesa account
- Flexible repayment options
- No paperwork or collateral needed
- Increasing loan limit over time
Loan Limits and Requirements
Ustawi Loan App offers loans ranging from Ksh.500 to Ksh.50,000, with a maximum annual percentage rate (APR) of 26%. The service fee ranges from Sh.85-99.
To apply for a loan, you need to be at least 18 years old and a Kenyan citizen. You’ll also need to have a valid MPesa account.
Lenders and Representative Example
Ustawi Loan App works with multiple lenders to offer users the best possible loan options. The app provides information about each lender’s interest rates, repayment periods, loan limits, and eligibility requirements. Here’s a representative example of a loan from Ustawi Loan App:
If you borrow Ksh.2,000 with an APR of 26%, the total interest will be Ksh.520. Ustawi Loan App deducts the processing fee (Sh.91) from the loan amount provided. The total repayment amount will be Ksh.(2,000 + 520 – 91) = Ksh.2,429.00.
Conclusion
Ustawi Loan App is a convenient and reliable solution for those who need quick cash loans in Kenya. With its easy application process, fast loan processing, and flexible repayment options, Ustawi Loan App is an ideal solution for those who want to take control of their finances.
Whether you need to pay bills, make a purchase, or cover unexpected expenses, Ustawi Loan App has you covered.