FaKash is one of the mobile loan apps provider in Kenya. The loan is offered directly to the mobile phone through M-pesa
FaKash Loan details
- Loan amount range between KSh1,000 – KSh100,000
- Loan repayment period ranges between 90 days – 365 days
- The Maximum loan you can have at one point is Ksh100,000
Who can Apply For FaKash loan?
- Any Kenya citizen
- Have valid ID proofs
- Must have an active bank accounts
- Has a source of income.
FaKash Loan Interest
FaKash loans have an interest rate of 21%. There are no application or appraisal fees
If you are given a FaKash loan of Ksh10,000 repayable in 6 months, the monthly repayment and total repayment will be:
Ksh10,000 * 21% * 180 / 365 = KSh1,035.
The monthly payment would be (KSh10,000 + Ksh1,035 )/6 = KSh1,838 .
The total repayment amount would be KSh11,035.
How To Get FaKash Loan
- Download FaKash loan app from google play store.
- Filling data and submit your loan application. Ensure you submit correct information
- Waiting for data verification
- Apply for FaKash loan
- The loan will be processed in minutes and cash sent to M-pesa number that you provided on registration.
Data Collected By FaKash Loan App
When you download FaKash, they will ask for permissions to use the data on your phone including your SMS history and other information in order to verify your identity and create a credit score.
Contact FaKash Through,
Email: [email protected]
Address: NO.122 Ngong Rd, Nairobi, Kenya
See more loan apps in Kenya and Loan Apps without CRB approval.
