INTEREST AND FEES FOR KopaKash LOANS
Instant Loans : Loans range from KSH 3,000 to KSH50,000 with terms from 91 to 365 days.
Interest ranges from 5% – 28% APR.
Minimum Annual Percentage Rate (APR) includes interests plus processing fee is:5%.
examples :
*Example1
: If the loan amount is 6000 Ksh, the loan term is 91 days, and the Interest rate is 16%, the total Interest should be 6000 Ksh * 16% = 960 Ksh.
And total cost for the loan including interest is KSH 6960 to be repaid in 62 days
Example2 :
If you choose a 91 days loan and borrow KSH1, 000 with interest rate APR 36% and processing fee KSH100, the total amount to be repaid at the end of 91 days is KSH1,191.
How we are different
• Instant Loans offers flexible loan products
• Only three steps to Your loan:
- Register
- Get Approval
- Disbursement to your M-pesa account
• Repay your loans in time or complete Increase Limit tasks to build your credit limit and reduce on interest rate.
DISCLAIMER:
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CONTACT US:
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