Loan Interest Rates And Calculations
The Quick Fadhili Loan offer: 1. Loan Amount: Ksh 500 ~ 1,000,000 2. Minimum Repayment Period: 91 days, Maximum Repayment Period:36 months 5. APR: 12%. Interest 12%.
Account Management Fee: Ksh 400 payable annually EXAMPLE: If the loan amount is Ksh 20,000 for one year loan term with the total fees of 12%, then the APR will be Ksh 2,400 which is also the loan fee.
Total Cost of loan is Ksh 2,400. Sample Monthly Repayment is Ksh 1,867. Sample Interest Calculation: Ksh 20,000X12%/100%=Ksh 1,200
Loan Repayment Procedure
1. Go to your Safaricom menu and select M-Pesa.
2. Select Lipa na M-Pesa.
3. Select the Pay Bill option.
4. Enter the business number 995321.
5. Enter your Fadhili registered phone number as the account number.
6. Enter your payment amount.
7. Enter your M-Pesa PIN.
Technical Assistance
If Fadhili loan app is crashing, hanging or unable to register you after submitting your details you can easily fix that yourself!
Before contacting us, please go to your:
Phone Settings>Apps>Fadhili>Clear Data/Cache/Storage > Then proceed enter details afresh and proceed and start applying.
You can uninstall and install app afresh if the problem persists
