WayKash Kenya is a mobile lending application that provides immediate loans to customers who are in need of cash in a hurry. WayKash is a dependable and versatile choice for people who are in urgent need of financial assistance.
The loan amounts range from KSH 500 to KSH 80,000, and the payback durations can be anywhere from 90 to 365 days.
In this piece, we will go through the most important aspects of the WayKash Kenya loan app, such as the interest rates, fees, privacy settings, and how to get in touch with customer service.
Interest and Fees
WayKash loans come with an annual percentage rate (APR) ranging from 5% to 36%, and a one-time processing fee that can range anywhere from KSH 100 to KSH 3882.
The annual percentage rate (APR), which takes into account both interest and processing costs, must be at least 5%. If you borrow KSH 1,000 for 91 days at an annual percentage rate of 36% and a processing fee of KSH 100, the total amount that is necessary to be paid will be KSH 1,191.
How WayKash is Different
WayKash is not like other loan applications since it provides flexible loan products and a straightforward loan application process that only consists of three steps.
The first step for users is to sign up for an account with the app. The second step is for them to have their loan application processed and approved.
Last but not least, the money is sent into the user’s M-Pesa account. If users make timely payments on their loans or complete tasks to improve their credit limits, they can expand their credit limits and perhaps lower their interest rates.
Privacy and Permissions
WayKash places a high priority on protecting the privacy of its customers and asks for information such as a user’s full legal name, national ID number, and mobile phone number so that it may verify the user’s identification and evaluate the customer’s creditworthiness.
The app encrypts and protects the data of its users, and it does not disclose or sell the information to outside parties without first obtaining the user’s permission.
Disclaimer
WayKash does not offer mortgages, auto loans, student loans, or other revolving lines of credit like credit cards or personal lines of credit to its customers.
Before submitting a loan application, users are strongly recommended to familiarize themselves with the Privacy Policy as well as the Terms and Conditions.
WayKash is supplied to users without any kind of warranty, and users have the right to stop using the service if they are unhappy with the terms under which it is provided.