KesMall Loan Kenya – KesMall Loan App, operated by KESMALL PRIVATE LIMITED, is revolutionizing personal lending in Kenya. This mobile lending platform stands out for its convenience and affordability, catering to a wide range of financial needs of Kenyan borrowers. visit How do I go about with the Mwachangu verification code with 10 digits?
Overview of KesMall Loan App
The KesMall Loan App is dedicated to providing financial solutions right at your fingertips. With user-friendly features, it offers a seamless borrowing experience from application to repayment.
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- Loan Range: Borrowers can access loans from Ksh 2,000 to Ksh 100,000, making it suitable for various financial requirements.
- Instant Disbursement: Approved loans are instantly disbursed to the borrower’s M-PESA account, ensuring immediate access to funds.
- Interest Rates and Fees: The loans come with an interest rate of up to a maximum of 30% APR. Additionally, a service fee ranging from 1% to 8% is charged by the lender.
Eligibility criteria of KesMall Loan Kenya
To be eligible for a KesMall Loan in Kenya, applicants need to meet certain criteria. These requirements are designed to ensure that borrowers are capable of repaying the loan and to maintain the integrity of the lending process. While specific details can vary and should be confirmed directly from KesMall, the general eligibility criteria usually include: seePesoredee Philippines Is Legit Or Not
- Kenyan Resident: Applicants must be residents of Kenya, as the service is tailored to the Kenyan market.
- Age Requirement: Borrowers should typically be of legal age, usually 18 years or older, to enter into a financial agreement.
- Active M-PESA Account: Since KesMall loans are disbursed directly to the borrower’s M-PESA account, having an active M-PESA account is crucial.
- Smartphone with Internet Access: KesMall operates through a mobile app, so having a smartphone with internet access is necessary for downloading the app and managing the loan.
- Valid Identification: A national ID or any other valid form of identification is required for the verification process within the app.
- Creditworthiness: The applicant’s credit history and score might be assessed to determine their loan limit and eligibility. This could involve analyzing past loan repayments and overall financial behavior.
- Download and Register on the App: Potential borrowers must download the KesMall app and complete the registration process, which typically involves providing personal details and setting up an account.
Meeting these criteria is typically the first step in the loan application process with KesMall. It’s advisable for potential borrowers to check the latest requirements and terms directly through the KesMall app or its customer service, as these can change over time. Understanding and meeting these requirements can help ensure a smooth and successful loan application process. visitHow to Write an Application Letter for Zambia Police Recruitment
Step-by-step instructions for applying for a KesMall Loan Kenya Kenya
Repaying Your KesMall Loan Kenya
- Flexible Repayment Duration: KesMall loans offer a repayment period ranging from 91 days to 365 days, providing flexibility to plan your finances.
- In-App Repayment: Borrowers can conveniently make payments from within the app when the loan repayment is due.
Contacting KesMall Loan Kenya Support
- Email Support: Currently, KesMall does not have mobile phone support. For assistance, borrowers can reach out via email at [email protected].