Over the past few years, Kenyans have shown an increased interest in obtaining loans through the use of mobile applications. The Azima Loan App is one of the more well-known mobile loan applications.
Loans can be obtained quickly and easily with this app by Kenyans who meet the requirements. This post will go through how to get the Azima Loan App, the prerequisites for getting a loan, and the several loan options that are available.
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How to Acquire Azima Loan App
Acquiring the Azima Loan App is a simple process that can be completed within a few minutes. Below are the steps to follow to acquire the app:
A. Install the Azima Loan App
The first step is to install the Azima Loan App on your mobile device. The app is available on the Google Play Store for Android users and on the Apple Store for iOS users. Search for “Azima Loan” and click on “Install” to download and install the app on your phone.
B. Register through your Phone Number
Once you have installed the app, open it and register by providing your phone number. You will receive an SMS with a verification code that you will need to enter into the app to complete the registration process.
C. Identity Verification in 3 steps through the app.
After registering, you will need to complete the identity verification process. This involves providing your personal information and submitting a copy of your national ID card. The identity verification process is done in three steps, as follows:
- Personal information: You will be required to provide your full name, date of birth, gender, and occupation.
- National ID card: You will be required to take a photo of your national ID card and upload it to the app.
- Selfie: You will be required to take a selfie using the app’s camera. This is to ensure that the person applying for the loan is the same as the one on the ID card.
D. Get money sent to your M-Pesa.
Once you have completed the identity verification process, you can apply for a loan. The loan amount will be sent directly to your M-Pesa account once it is approved.
You can then use the money for any purpose, whether it’s paying bills, starting a business, or any other financial need.
Loan Applicant Requirements
Before applying for a loan through the Azima Loan App, you must meet the following eligibility criteria:
A. Age between 20 to 60
To be eligible for a loan through the Azima Loan App, you must be between the ages of 20 and 60. This is to ensure that you are of legal age to enter into a loan agreement and have the means to repay the loan within the loan term.
B. Kenya Citizenship
You must be a Kenyan citizen to qualify for a loan through the Azima Loan App. You will be required to provide your national ID card during the identity verification process to confirm your citizenship.
Meeting the above eligibility criteria does not guarantee that you will be approved for a loan. The loan approval process also takes into consideration your credit score, loan repayment history, and other factors.
The Loan App Offer
The Azima Loan App offers eligible Kenyans fast and convenient loans with reasonable interest rates and service fees. Below are the loan offers available through the app:
A. Loan Amount: KES 2000 – KES 70,000
The Azima Loan App offers loans ranging from KES 2000 to KES 70,000. The loan amount you can qualify for will depend on several factors, including your credit score, repayment history, and other financial details.
B. Loan Term: 91 – 365 days
The loan term for loans through the Azima Loan App ranges from 91 to 365 days. This means that you can borrow money and repay it within a period of 3 to 12 months.
C. Interest rate: 1.3% per month, 10% per annum
The interest rate charged on loans through the Azima Loan App is 1.3% per month or 10% per annum. This is a reasonable interest rate compared to other loan options available in the market.
D. Service Fee: 0
Unlike other loan providers, the Azima Loan App does not charge any service fees. This means that you will only be required to repay the loan amount and the interest charged.
To illustrate how the loan offer works, consider the following example:
Example:
Loan Amount = KES 2000 Loan Tenure = 365 days Annual Interest Rate = 10% Total Interest= KES 200 Service Fee= 0 Total Amount= KES 2200 Monthly Amount = KES 183
The above example is for illustrative purposes only, and the actual loan offer may differ depending on several factors, including your credit score and repayment history.
Contacts:
If you have any questions or concerns about the Azima Loan App, you can contact the support team using the following methods:
E-mail: joyfrida2016@gmail.com
You can send an email to joyfrida2016@gmail.com to get in touch with the support team. They will respond to your query as soon as possible and provide you with the necessary assistance.
Message us on WhatsApp: +254 779663637
You can also send a message to the support team on WhatsApp using the number +254 779663637. They will respond to your message promptly and provide you with the necessary assistance.
The support team is available to help you with any issues you may have with the app or loan application process. If you’re having trouble with the app, or have any questions about the loan offers, don’t hesitate to contact them for assistance.
Conclusion
The Azima Loan App provides a convenient and fast way for eligible Kenyans to access loans with reasonable interest rates and no service fees. To acquire the app, one needs to register and verify their identity through the app.
The loan applicant requirements include being a Kenyan citizen between the ages of 20 and 60. The loan offers range from KES 2000 to KES 70,000 with a loan term of 91 to 365 days and an interest rate of 1.3% per month or 10% per annum.
The support team is also available to help with any issues or concerns through email or WhatsApp. It’s essential to ensure that you meet the eligibility criteria and can comfortably repay the loan within the loan term before applying.
With the Azima Loan App, eligible Kenyans can access the funds they need to meet their financial obligations or achieve their financial goals.