Cashways is the most flexible personal loan platform on the market, giving people more control over their finances with its unique features. We offer a simple registration and application process, after which you will receive your loan straight to your mobile money account.
Loan Application Procedure
1. Download Cashways App
2. Fill short application form
After downloading our app, choose how much money you need and sign up with Cashways.
3. Receive money on your mobile money account
Your application will be evaluated and when it is approved, you will receive money on your mobile money account.
4. Need more time to repay?
Loan extensions give you more control over your loan by letting you postpone your due date by 7, 14, 21 or 30 days.
5. Repay on time and build a positive credit history
Timely repayment increases your credit limit and allows you to apply for higher amounts in the future.
Loan Interest Rates And Calculations
minimum loan amount-4000
minimum repayment period-90 days
maximum repayment period-178 days.
average interest rate-2.5%
maximum APR-3%
loans with 3% or lower APR.
Representative example of the total cost of loan
Loan Amount 10000
Interest Calculation – (10000 * 3) / 100 = 300
Expected Payback amount For 90 days – 10000 + 600 = 10600
Monthly Payment – 3533
Money on your account in just 5 minutes!
You can learn more about loan apps in Kenya on this website
