Home INFOMATIVE Minimum and maximum loan for mobile loan Apps in Kenya

Minimum and maximum loan for mobile loan Apps in Kenya

20
0





Below is the maximum and minimum loan limit for each of the loan Apps in Kenya:

LOAN APP MINIMUM LOAN(KSH) MAXIMUM LOAN(KSH)
Tala 1,000 50,000
Zash 800 50,000
Okash 1,500 500,000
Zenka 500 30,000
Timiza 1,000 150,000
Mcoop Cash 1,000 500,000
iPesa 500 50,000
Kashaway 500 50,000
Vooma 1,001 300,000
Creditmoja 2500 25,000
Meta Loan 800 50,000
Little Pesa 1,000 100,000
M Fanisi 350 30,000
Skypesa 500 35,000
UbaPesa 500 70,000
FlashPesa 1,000 50,000
KeCredit 2000 50,000
KashBean 500 80,000
HF Whizz 1000 50,000
LendPlus 1000 50,000
KashPlus 500 50,000
KashWay 500 60,000
Haraka 500 5,000
Senti 500 40,000
M-Shwari 100 50,000
Fuliza 0 70,000

You can see that from the list above maximum limit is Ksh 500,000. There is no loan App with a maximum loan limit of above Ksh 500,000. Maybe one of them will increase the limit to even more than Ksh 1 million to target high net worth individuals.

To increase the limit, one should borrow consistently and ensure that they pay in time.They should not default even once.On top of that,they should be in good books with CRB.

The borrowers should also ensure that they borrow the maximum loan whenever the loan limit is increased and repay within the shortest time possible.







Source link