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So, you want to take a loan, but are you unsure what the Zash Loan limit in Kenya is? Rest assured, that is what this guide is for. In recent times, mobile loan apps have been trending in many countries, and that is because of the ease of access that they offer.
Unlike traditional loan givers, who often request excessive paperwork and arduous formalities, mobile loan apps bring in expediency to operation.
This is why they have garnered substantial recognition over the years. Many of these loan apps will not request collateral from you, which is one of the criteria that gets people disqualified in the case of traditional loan applications.
You need a loan, and that is why you are here. In this piece, we will examine the Zash Loan limit in Kenya and other useful information that concerns the application for the loan service.
The Zash Loan app is a mobile loan app that is available to all Kenyans. They offer loans of up to KSh 50,000 within 1 minute on a mobile phone.It is one of those apps that has a transparent interest rate and borrowing fee and no hidden costs.
The Zash Loan app gives borrowers ample time to repay their loans. The application for its loan service is also easy, as it requests only a few requirements. Also, it is licensed and regulated by the Central Bank of Kenya as a trusted lender.
Also read: Top 15 Mobile Loan Apps in Kenya For Instant Loan
In this section, we will examine the qualities that distinguish the Zash Loan app from its counterparts.
Every mobile loan app has its own loan limits. This limit ranges from app to app. In this section, we will examine the Zash loan limit for all eligible candidates in Kenya. The Zash loan can be used to cater to a variety of needs.
As long as you meet the loan requirements and your loan is approved, you can spend the funds on whatever purpose you have taken the loan for. But does that mean you can take billions of Kenyan shillings? Absolutely not! So, what is the Zash loan limit?
The minimum amount of loan you can obtain through the Zash Loan app is KSH800, and the maximum amount is KSH50, 000. Furthermore, the maximum Annual Percentage Rate (APR) of the Zash loan is 25% per year.
Also read: Tala Loan app: How to Apply for a Loan
Before you can access the services offered by the Zash Loan app, you will need to have the app on your device. Follow these steps to download and install the Zash Loan app:
The next thing you want to do is apply for the Zash Loan app, but what are the requirements? Check the next section for details.
To apply for the Zash loan, you need to have ready, the following:
Also read: Full List of Fake Loan Apps in Kenya 2024/2025
To apply for the Zash loan, follow these steps:
Make sure to repay your loan on time. Failure to do so attracts a daily 2% fee for the first 15 days and a 3% daily fee for the subsequent 15 days.
According to a resource obtained from Money365.co.ke, you can repay the loan by following these steps:
Via Mpesa
Via Bank
You can transfer or deposit the loan amount to the following bank details:
Hopefully, you have been equipped with the requisite knowledge regarding the Zash Loan and the Zash Loan limit in Kenya. Kindly leave a comment if you find this piece useful. For access to more contents like this, follow us on X or Twitter, @SilicoAfriTech.