Kashway

KashWay is a reliable online loan service offering customers the convenience of applying for loans in just two easy steps and receiving funds quickly. With loan amounts up to KES 60,000 available at competitive interest rates, KashWay ensures a hassle-free and fully digital application process that can be completed from anywhere using your mobile phone.

Product Description

Loan Amount: KashWay offers loan amounts ranging from KES 500 to KES 60,000, providing flexibility to meet your various financial needs.

Loan Term: Flexible loan terms are available, with the shortest term being 91 days and the longest term being 180 days.

Annual Percentage Rate (APR): The APR ranges from a minimum of 30% to a maximum of 72%, depending on the loan term and amount.

Eligibility: To apply for a loan, you must be at least 18 years old.

Example Calculation

If you receive a loan amount of KES 4,920 for a term of 180 days with an APR of 44%, the following costs will apply:

Service Fee: KES 4,920 * 44% / 2 = KES 1,080

Total Amount Payable: KES 4,920 + KES 1,080 = KES 6,000

For repayment:

One-Time Repayment: Pay KES 6,000 after 180 days.

Monthly Repayment: Divide the total amount payable by 6 months, resulting in a monthly repayment amount of KES 1,000.

Loan Principal: KES 4,920 (for 180 days) Total Loan Fee: KES 1,080 (22% rate) Total Amount Payable: KES 6,000 APR: 44%

How to Apply for a Loan with KashWay

Register with Your M-Pesa Number: Download and install the KashWay app from the Google Play Store. Register using your M-Pesa number.

Apply for the Loan: Enter the exact loan amount you need and submit your application.

Get Approved: Once approved, the money will be credited to your account within minutes.

Repay on Time: Timely repayment will help you qualify for a credit limit increase of up to KES 60,000.

Privacy and Permissions

KashWay simplifies the process of getting a personal loan by using data on your phone to verify your identity and create a credit score. We ensure your privacy by encrypting the data you share with us and promising never to share your information with third parties.