If you need quick access to credit, the Haraka App Loan is an easy-to-use platform that offers loans ranging from Ksh. 500 to Ksh. 50,000. To get started, all you need is a smartphone and an internet connection.
Here are a few things you should know about Haraka App Loan:
- Loan Limits: The loan limit is determined by your creditworthiness and repayment history. You can increase your loan limit by repaying your loans on time.
- Interest Rates: Haraka App Loan charges an interest rate of 23% per month. This means that if you borrow Ksh. 1,000, you will be required to repay Ksh. 1,230 within 30 days.
- Repayment Period: The loan should be repaid within a period not exceeding 30 days. Failure to repay the loan on time will attract a late repayment fee of 10% of the loan amount.
- Repayment Methods: Haraka App Loan offers several repayment options, including M-Pesa, Airtel Money, and Equitel.
- Loan Disbursement: Once your loan application is approved, the funds will be disbursed to your mobile money account within minutes.
Overall, Haraka App Loan is a convenient and reliable way to access credit when you need it. However, make sure you borrow only what you can afford to repay and always repay your loans on time to avoid late repayment fees and damage to your credit score.
Repayment Process of Haraka App Loan
If you have taken a loan from Haraka App, you need to repay it within the stipulated time frame to avoid late payment penalties.
In this section, we will discuss the repayment process of Haraka App loan, including the steps to repay, repayment period, and late repayment consequences.
Steps to Repay
To repay your Haraka App loan, follow the steps below:
- Go to your M-Pesa menu.
- Select “Lipa na M-Pesa.”
- Choose “Paybill.”
- Enter the Haraka App Paybill number (817910).
- Enter your phone number as the account number.
- Enter the amount you want to repay.
- Enter your M-Pesa PIN and confirm the transaction.
Once you have completed these steps, you will receive a confirmation message from Haraka App and M-Pesa.
Repayment Period
The repayment period for Haraka App loans is between 7-30 days. It is important to repay your loan within this period to avoid late payment penalties.
If you are unable to repay your loan within the stipulated period, you can contact Haraka App customer care to discuss alternative repayment options.
Late Repayment Consequences
If you fail to repay your Haraka App loan within the agreed repayment period, you will be charged a late payment fee of 10% of the outstanding loan amount.
Additionally, your credit score may be negatively affected, which can make it difficult for you to access credit in the future.
Eligibility for Haraka App Loan
To apply for a Haraka App loan, you must meet certain eligibility requirements. Here are the key factors to consider:
Age
To qualify for a Haraka App loan, you must be between 18 and 60 years old. Applicants who are younger or older than this age range will not be considered.
National ID Number
You will need to provide your national ID number when applying for a Haraka App loan. This is a requirement to verify your identity and ensure that you are a Kenyan citizen.
Email Address
You will also need to provide a valid email address when applying for a Haraka App loan. This is important as it will be used to communicate with you regarding your loan application and repayment.
M-Pesa Number
To receive your loan funds and make repayments, you will need to provide your M-Pesa number. This is the mobile money service used in Kenya and is required for all Haraka App loan transactions.
Date of Birth
Your date of birth is also required when applying for a Haraka App loan. This is used to verify your age and ensure that you meet the eligibility requirements.
Smartphone
You must own an internet-powered android smartphone to download and use the Haraka App. This is necessary to access the loan application and repayment features.
Active MPESA Account
You must have an active MPESA account that has been active for at least six months to be eligible for a Haraka App loan. This is to ensure that you have a history of using the mobile money service and are familiar with its features.
How to Apply for Haraka App Loan
If you need a quick loan to take care of an emergency, Haraka App is one of the best options available in Kenya. The app offers loans from as low as Ksh 500 to as high as Ksh 50,000. Here’s how to apply for a Haraka App loan:
- Download the Haraka App from Google Play Store.
- Open the app and create an account using your Facebook account.
- Fill in your details which include your full names, National ID number, email address, and M-Pesa number (referred to as Wallet Number).
- Choose the loan amount you need and click on “Proceed.”
- The loan will be sent to your M-Pesa account within minutes.
It’s important to note that Haraka App loans are subject to interest rates that vary depending on the loan amount and repayment period. The app also charges a one-time service fee for every loan you take.
To increase your chances of getting a loan from Haraka App, ensure that you have a good credit history and that you repay your loans on time. The app also allows you to increase your loan limit by repaying your loans on time and frequently using the app.
Overall, applying for a Haraka App loan is a straightforward process that can be completed in a matter of minutes. With the app, you can access credit anytime and anywhere on the comfort of your mobile phone.
Troubleshooting Common Issues
If you encounter any issues while repaying your Haraka App loan, don’t worry. Here are some common issues you may face and how to troubleshoot them.
Technical Issues
If you experience technical issues while repaying your Haraka App loan, try the following:
- Check your internet connection: Ensure that you have a stable internet connection before initiating the repayment process.
- Restart the app: Close the app and reopen it to see if the issue is resolved.
- Update the app: Check if there are any updates available for the Haraka App. If there are, update the app and try again.
- Contact customer support: If the issue persists, contact the Haraka App customer support team for assistance.
Payment Errors
If you encounter payment errors while repaying your Haraka App loan, try the following:
- Check your M-Pesa balance: Ensure that you have sufficient funds in your M-Pesa account to make the repayment.
- Confirm the paybill number: Double-check that you entered the correct Haraka App paybill number when making the repayment.
- Wait and try again: If you encounter a payment error, wait a few minutes and try again later.
- Contact customer support: If the issue persists, contact the Haraka App customer support team for assistance.
Remember to always keep a record of your repayment transactions for future reference. If you encounter any issues that cannot be resolved, don’t hesitate to reach out to the Haraka App customer support team.
Contacting Haraka App Loan Support
If you encounter any issues with your Haraka App Loan, you can easily contact their customer support team for assistance. Here are some ways to get in touch with them:
Email Support
You can send an email to Haraka App Loan’s customer support team at [email protected]. Make sure to include your full name, phone number, and a detailed description of your issue. They will respond to your email as soon as possible.
Phone Support
If you prefer to speak with a customer support representative over the phone, you can call Haraka App Loan’s support team at 254 (0)202 434 01, 254 770 637 594, 0790204296, or 079 020 4300. They are available to take your call from Monday to Friday, 9:00 AM to 5:00 PM.
In-App Support
You can also contact Haraka App Loan’s customer support team directly from the app. Simply log in to your account and toggle the menu on the top left corner. Then, select “Email Support” to send an email or “Phone Support” to get the phone numbers to call.
When contacting Haraka App Loan’s customer support team, make sure to provide as much information as possible about your issue. They will do their best to resolve your problem quickly and efficiently.
Frequently Asked Questions
How long do I have to repay my Haraka app loan?
The repayment period for Haraka app loans is between 7 and 30 days. It is important to repay the loan within the agreed period to avoid additional charges.
Can I repay my Haraka app loan early?
Yes, you can repay your Haraka app loan early. Repaying your loan early can help you save on interest charges. To repay your loan early, go to the Haraka app or use M-Pesa and follow the repayment process.
What happens if I miss a repayment on my Haraka app loan?
If you miss a repayment on your Haraka app loan, you will be charged a late payment fee. The late payment fee is usually a percentage of the loan amount and varies depending on the lender. It is important to repay your loan on time to avoid additional charges.
Are there any fees for repaying my Haraka app loan?
There are no fees for repaying your Haraka app loan. You only need to repay the loan amount plus the interest charged.
Can I make a partial repayment on my Haraka app loan?
No, you cannot make a partial repayment on your Haraka app loan. You are required to repay the full loan amount plus the interest charged. If you are unable to repay the loan in full, you may contact Haraka app customer service to discuss your options.
