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ByJuma Chai

Sep 28, 2019

Cashika is a mobile app that offers a fast and safe way to get instant loans. to get access to cashika loans one only needs to have a registered phone number.

M-pesa account, along with good credit score, and the money will be transferred to your M-pesa account within a short time. Cashika is one of the most flexible personal loan platform in the market, it has been designed to give Kenyans more control over their finance with our unique features.

cashika alllows its customers access to High loan amount:
Loan amounts of  up to 5000K and a very quick disbursement rate meaning that users can get a loans in minutes

App Description
1. Loan Amount: 500 Ksh ~ 30,000 Ksh
2. Loan Term: the shortest tenor is 91 days, the longest is 365 days
3. Interest rate: 12% APR
4. Service Fee: We charge additional service fee to cover the cost of credit scoring, payment, and account management. It varies for the different loan amount requested.

Example: If the loan amount is 5,000 Ksh, the loan term is one year, and the interest rate is 12%, the total interest should be 5,000 Ksh * 12% = 600 Ksh. 
How does it work?
1. Download Cashika App
2. Read Terms and Conditions, then sign up with Cashika
3. Fill out application form
4. Receive money on your M-Pesa account
5. Repay on time and build a positive credit history

*SMS Permissions Note: To build your credit score automatically, the App will request you to provide permission to access mobile SMS records (M-Pesa messages)*

* You may chat with us on the App for assistance
* Loan defaulters are blacklisted by Credit Reference Bureau(CRB) reporting. We may also involve Debt Collectors for collection.
* Currently we are only supporting phone numbers registered on M-Pesa.
* Loan repayments are made via M-Pesa and are applied instantly.
* You may repay your loan before the due date and install any amount.
* Excess payments will be automatically applied to your future loan requests.
* You may request another loan immediately once you settle the current one.

We’re always excited to hear from you! If you have any feedback, questions, or concerns, please e-mail us cs@cashika.co.ke or call 254-0792280013.
Address: House 25, Ruaraka Housing Estate, USIU Road, Nairobi, P.O. Box:21718

to access the loan click here

Juma Chai

A writer dedicated to providing the world with the best insights into Africa.

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