Mokash Loan App Features
• Higher loan limits from Kshs 2000 to Kshs 10,000.
• Loan terms: Shortest 91 days to longest 365 days
• Interest Rate: Up to 36% per annum.
• Service fee: 0
• Loan request: Need to be at least 20 years old
• Loan terms: Shortest 91 days to longest 365 days
• Interest Rate: Up to 36% per annum.
• Service fee: 0
• Loan request: Need to be at least 20 years old
Loan Calculation And Repayment Plan
**Example: If the loan amount is 2000 shillings, the loan term is 61days, and the Interest rate is 16%, the total Interest should be 2000 shillings * 16% = 320 shillings
For the repayment plan:
Month 1 should pay the interest 160 shillings only.
Month 2 should pay both principal and remain interest 2160 shillings.
For the repayment plan:
Month 1 should pay the interest 160 shillings only.
Month 2 should pay both principal and remain interest 2160 shillings.
Advantages Of Mokash Loan App
• Convenience – Send the loan amount to your M-pesa account
• More options – High loan amount
• Security – Safe and reliable
• More options – High loan amount
• Security – Safe and reliable
Data Collection
1) The Data collected: Contact list and SMS
2) Purpose: verifying your identity and creating credit scoring models only. This data is also used for purposes of collections and credit reporting.
3) Data is uploaded and stored outside Kenya because Mokash is a part of an international group of companies with data-centers around the world. However, they follow Kenya data protection laws and ensure that your data is protected to a strict standard.
2) Purpose: verifying your identity and creating credit scoring models only. This data is also used for purposes of collections and credit reporting.
3) Data is uploaded and stored outside Kenya because Mokash is a part of an international group of companies with data-centers around the world. However, they follow Kenya data protection laws and ensure that your data is protected to a strict standard.
Physical Address
6th floor, Kose Heights, Hurlingham, Argwings Kodhek Rd, Kilimali, Nairobi.
You can learn more about loan apps in Kenya through this website
