2.1.3 Safe to install
KashWay offers a convenient and secure service that allows customers to apply for a loan in just two simple steps. They provide loans of up to 50,000 KSH at low interest rates, ensuring affordability for their clients. The entire application process is digital and hassle-free, making it easy to complete using your mobile phone from anywhere, whether it's at home, in the office, or during your commute. KashWay collaborates with multiple partners to find the best loan offer that suits your needs.
Here are the loan options provided by KashWay:
- Loan Amount: 500 Ksh - 60,000 Ksh
- Loan Term: Shortest tenor is 91 days, longest is 180 days
- APR: Minimum 30% - Maximum 72%
- Loan Request: Requires applicants to be at least 18 years old
For example, if you receive a loan amount of 4,920 Ksh with a loan term of 180 days and an APR of 44%, the total service fee would be calculated as follows: 4,920 Ksh * 44% / 2 = 1,080 Ksh. The total amount you would need to repay would be 4,920 + (4,920 * 44% / 2) = KES 6,000.
You have two options for repayment:
- One-time repayment: Pay KES 6,000 after 180 days.
- Monthly repayment: Your monthly repayment amount will be KES 6,000 / 6 = KES 1,000.
Loan details:
- Loan Principal: KES 4,920 (180 days)
- Loan Fee (total fee of the loan): KES 1,080 (22% rate)
- Total Amount Payable: KES 6,000
- APR: 44%
To apply for a loan, simply follow these steps:
- Register with your M-Pesa number.
- Apply for the exact loan amount you need.
- Get approved and receive the money in minutes.
- Repay on time to increase your credit limit to 50,000 Ksh.
KashWay values your privacy and ensures the utmost protection of your information. They use the data on your phone to verify your identity and create a credit score, encrypting any shared data to maintain privacy. Rest assured that your information will never be shared with third parties.
Contact KashWay:
- Facebook page: https://www.facebook.com/kashwaylite/
- Email: [email protected]
- Office address: MILESTONE BUILDING, KIAMBU ROAD Nairobi
- Privacy Policy: https://kashway.cc/privacy-policy
Overview
Kashway - Safe loan in Kenya is a Freeware software in the category Business developed by risine credit Limited.
The latest version of Kashway - Safe loan in Kenya is 2.1.3, released on 01/21/2024. It was initially added to our database on 10/21/2023.
Kashway - Safe loan in Kenya runs on the following operating systems: Android.
Kashway - Safe loan in Kenya has not been rated by our users yet.
Pros
- Quick and easy access to loans in Kenya
- Faster approval process compared to traditional banks
- No collateral required for the loans
- Convenient application process through the mobile app
- Flexible repayment options available
Cons
- Interest rates might be higher compared to traditional bank loans
- May have restrictions on loan amounts for new customers
- Limited customer support channels
- Possibility of facing penalties for late payments
FAQ
What is Kashway?
Kashway is a safe loan product offered by Risine Credit Limited in Kenya that allows individuals to access quick and affordable loans.
How do I apply for a Kashway loan?
You can apply for a Kashway loan by visiting the Risine Credit Limited website or through their mobile application, filling out the required information, and submitting your application.
What are the eligibility criteria for a Kashway loan?
Applicants must be Kenyan residents, aged 18 years and above, and have a steady source of income to qualify for a Kashway loan.
What is the maximum amount I can borrow with Kashway?
The maximum loan amount available through Kashway varies based on your creditworthiness and repayment history; typically, amounts range from KSh 5,000 to KSh 100,000.
What are the interest rates for Kashway loans?
Interest rates for Kashway loans depend on various factors including the loan amount and repayment period; however, they are designed to be competitive and affordable.
How long does it take to get approved for a Kashway loan?
Most Kashway loan applications are processed within a few minutes. You will be notified via SMS or email about your approval status.
What is the repayment period for Kashway loans?
The repayment period for Kashway loans typically ranges from 30 days to 12 months, depending on the loan amount and agreement terms.
Can I repay my Kashway loan early?
Yes, you can repay your Kashway loan early without incurring any penalty fees. This may even allow you to save on interest charges.
What happens if I default on my Kashway loan?
If you default on your Kashway loan, it may impact your credit score adversely and you may face collection efforts from Risine Credit Limited.
Is there customer support available for Kashway borrowers?
Yes, Risine Credit Limited offers customer support through various channels including phone, email, and live chat to assist borrowers with any inquiries or issues.
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