EasyKash Vip is a fast online loan application that provides 100% support in Kenya. It allows users to easily access a financial loan in a short period. The borrowing period is flexible, and even loan extensions and assessments are conducted after evaluating the customer’s repayment capacity.
The application offers lending services in the form of unsecured personal loans, meaning customers do not need any collateral. EasyKash Vip approves loan amounts based on the customer’s credibility, workability, and monthly income.
According to information gathered from the national information portal, this online loan application was established in 2023. The establishment regulations and the organization for lending through the EasyKash Vip App are ensured to be reputable.
Benefits of Borrowing from EasyKash Vip
Similar to some other unsecured personal loan applications, EasyKash Vip offers online loan services without the need for face-to-face meetings. Customers seeking loans only need to conduct transactions through the website or the application installed on their phones. Moreover, the procedures are extremely simple, facilitating the quick processing of customer loan requests.
During the loan application process at EasyKash Vip, there is no requirement for in-person meetings or collateral submission of relevant documents. All you need to do is provide some information and images of personal documents for the system to access the phone’s contact list. This allows the lending institution to obtain information for borrower verification.
Loan Approval Criteria
To borrow money on the EasyKash application, customers need to meet the following criteria:
- Kenyan citizenship, working within the country.
- Within the working age range, with the ability to work to earn money for repayment.
- Customers must qualify for civil and legal responsibility.
- Stable monthly income and the ability to repay the loan.
- Provide complete and valid personal document images as required.
Details of Loans on EasyKash Vip App
EasyKash Vip provides customers with various loan packages, making it easy for them to choose based on their needs, including:
- Loan amounts ranging from 2,500 Ksh to 50,000 Ksh.
- Repayment period from 91 days to 180 days.
- Annual interest rates ranging from a minimum of 12% to a maximum of 36%.
- No service fees.
Example for a loan
For a 20,000 Ksh loan with a repayment period of 91 days, the fees are as follows:
- Monthly interest rate: 36%/12 = 3%
- Monthly interest: 20,000 Ksh * 3% = 600 Ksh
- Total monthly payment: 20,000 Ksh / 3 + 600 Ksh = 7,266 Ksh
- Total interest: 600 Ksh * 3 = 1,800 Ksh
- Total repayment: 20,000 Ksh + 1,800 Ksh = 21,800 Ksh.
Quick Loan Application Guide
Step 1: Find and download the EasyKash Vip APK/IOS application from cashloanapp.net or the Play Store on your Android phone.
Step 2: Open the app and fill in personal information to register an account.
Step 3: After registration, complete the loan application form with necessary information such as the loan amount and repayment period.
Step 4: The processing team will review and approve the loan application. If accepted, you will receive the loan immediately.
Step 5: Ensure timely repayment to maintain credit and avoid late fees.
- Read the terms and conditions carefully before registering.
- Protect your personal information and account.
- Check interest rates and fees before agreeing to the loan.
Contact Information for EasyKash Vip
- Support Email: [email protected]
- Website: https://easykashvip.com
- Service Hours: Monday to Sunday, 9:00 AM – 6:30 PM
- Address: NGONG ROAD KINDARUMA LANE, WESTLANDS DISTRICT, NAIROBI
If you have any feedback, questions, or need assistance, please contact the email address above. EasyKash Vip will assist you during the specified service hours.
How Much is The Late Payment Penalty?
The late payment penalty for customers depends on the duration of the delay. In other words, the longer you delay, the higher the penalty will be. Furthermore, the loan amount you borrowed is also a factor that influences the interest portion. In the case of extending the repayment period, the percentage can go up to 30%. Although this is not entirely legal, since you have signed a contract, you are obligated to comply.
Can Non-Payment Lead to Legal Action?
Since you provided information when requesting the loan, if you fail to make payments, financial company employees and lending institutions will contact your relatives and friends. They may even spread negative information on social media, making more people aware of the issue you are facing. More seriously, you may be sued according to the initially signed contract.
Although EasyKash Vip provides a quick loan solution for immediate financial problems, it is crucial to carefully consider whether you have the ability to work and repay the debt on time. This will help you avoid accumulating debts and high interest rates, making your financial situation increasingly challenging.