Patron Loan App

With “Patron Loans” you can get it in Kenya today! Forget about the lack of money to develop your business, pay for studies or buy expensive things. Forget not having enough cash in emergency situations, because with “Patron Loans” you will always have money for all the necessary expenses!
With “Patron Loans” you can apply for an instant advance on the online lending platform. The main conditions for getting a quick loan are as follows:

Loan Eligibility Requirements

-Kenyan residents between the ages of 18 and 60 can apply for cash.

Loan Calculation

Loan Amount: KSh 200 – KSh 15,000.
Loan Term: the shortest term is 91 days, the longest is 360 days.
APR: from 365% to 1825%
Example: If the loan amount is Ksh 5,000, the loan term is 91 days, and the interest rate is 1% per day (APR 365%). The interest payment would be KSh 4600. The total amount payable will be KSh 5,000 + KSh 4600 = KSh 9600.

 

Loan  App Benefits

-It does not require and does not check any credit or financial reports for you to borrow money
-It only uses the online app installed and your mobile phone to process your request on a payday loan
-It does not require you to provide collateral, just take an advance without any conditions
-You can get easy money at any time of the day or night instantly, whenever and wherever you need it.
– To receive quick cash, only M-PESA is needed, and the payday loan is credited immediately after the approval on the app
-If you repay the advance before the deadline, your rating in the app grows, which means that you will be able to borrow a greater amount in the future
-There is no fixed installment plan.

You can learn more about loan apps in Kenya on this website

Author

  • Anita Mbuggus

    Anita Mbuggus brings a unique blend of technical expertise and creative flair to the Jua Kenya team. A graduate of JKUAT University with a Bachelor of Science degree in Business Computing, Anita combines her analytical skills with a passion for storytelling to produce insightful and engaging content for our readers. See More on Our Contributors Page

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