Helacash is one of the reputable and attractive online lending applications in Kenya. The app aims to provide unsecured consumer loans online, without the need for collateral and income verification from the users.
Currently, the app is gaining a lot of attention and interest, with many people using it on a daily basis. Despite being relatively new, Helacash has several outstanding advantages and a team of professional staff, gradually establishing itself in the financial market. Let’s explore more about the Helacash App and determine if borrowing money from it aligns with your financial needs and capabilities.
Review of the Convenience of Helacash App
Helacash App offers the following conveniences to its customers:
Simple and fast process
Helacash App has a straightforward process, requiring users to register an account on the app and complete the personal information registration. The loan application is processed very quickly, taking only 5 to 15 minutes to complete, allowing you to access financial resources promptly.
No collateral or income verification required
Unlike traditional bank loan applications, Helacash does not demand customers to provide collateral or income verification to borrow money. This makes the borrowing process much easier and more convenient for applicants.
Competitive interest rates and benefits
Helacash offers competitive interest rates compared to other online lending platforms in the same segment. The loans at Helacash come with attractive preferential interest rates each month, depending on the borrowed amount and loan tenure. Customers should choose the promotional interest rate periods to enjoy more benefits.
Diverse loan products
Helacash provides a variety of loan products and packages, including cash loans, shopping loans, travel loans, education loans, and home repair loans. Customers can choose the loan product that best suits their needs.
Overall, Helacash App offers a convenient and user-friendly platform for obtaining loans, without the need for collateral or income verification, and with competitive interest rates for various loan products.
Product Loan Information and Registration Conditions
Loan Product Information
- Loan Amount: The loan amount provided ranges from KES 2,000 to KES 100,000.
- Loan Repayment Period: Borrowers can repay the loan from 91 days to 365 days.
- Safe Borrowing: Helacash ensures a commitment to safe and easy borrowing.
- Annual Percentage Rate (APR): The effective APR varies from 12% to 24%.
Example for a loan:
If the loan amount is 6,000 KES, the loan term is 365 days, and the annual interest rate is 20%
- The total interest payable would be 6,000 * 20% = 1,200 KES.
- The total amount to be repaid will be 6,000 KES + 1,200 KES = 7,200 KES.
- Age from 18 to 60 years old.
- Being a Kenyan citizen.
- Having a stable income from employment or business.
- Possessing a bank account and a registered phone number.
- Having no current or pending financial delinquencies.
- Providing complete and accurate information during the loan application process in the application.
The Process of Registration and Receiving a Loan from Helacash
Step 1: Download and install Helacash App APK/IOS from cashloanapp.net
Step 2: Register an account using your phone number and receive the verification code.
Step 3: Select a suitable loan product and fill in the required personal information, including:
- Full name, date of birth, address, email
- Bank account, income
- Employment details, workplace address…
Step 4: Take a photo or scan a valid ID for information verification.
Step 5: Provide the contact number of a relative or friend for assessment purposes.
Step 6: Wait for the loan approval notification from Helacash.
Note: Providing a contact number for assessment by a relative or friend is the most crucial step. Therefore, everyone should take note and carry out this step carefully.
Direct Contact Information
If you need assistance or have any questions, you can get in touch with Helacash through the following channels:
- Customer Service Email: [email protected]
- Website: https://helacash.loan
- Address: Cardinal Otunga Square, Koinange Street, Starehe District, Nairobi, Kenya.
Helacash is committed to providing 24/7 support to you upon your request, completely free of charge.
Some Information Users Need to Know
Thoroughly Check Information and Contract Terms
Before borrowing from Helacash or any other financial service, it is essential to review and understand the terms and conditions of the loan contract. Read the documents and contract terms carefully to ensure you have a clear understanding of the interest rates, service fees, loan duration, rights, and obligations. Don’t hesitate to ask the staff or seek help from someone knowledgeable if you encounter any unclear points.
Research the Credibility of the Provider
When borrowing from Helacash or any other online financial service, it is crucial to research the credibility and reliability of the provider. Look up reviews and read feedback from previous customers to get an overall view of the service quality and trustworthiness of the provider. Avoid borrowing from providers with negative feedback and poor reviews from users.
Determine the Purpose and Amount of the Loan
Before borrowing from Helacash, clearly determine the purpose of the borrowed money and the necessary amount. This will help you avoid borrowing too much or too little to meet your financial needs. Plan and calculate the loan amount carefully to prevent uncontrolled borrowing.
Understand the Calculation of Interest Rates and Fees
To avoid wasting money and being deceived, learn about how interest rates and service fees are calculated in the loan contract. Understanding the calculation of interest rates and fees will help you assess the total cost of the loan and compare it with other options. If anything is unclear, request the provider to explain and be transparent about the interest rate and fee calculation.
Is Helacash a Scam?
Currently, we do not have any official confirmation that Helacash is a scam. However, being a relatively new online lending app, there may still be various opinions and evaluations from customers. If there is any information, we will update it as soon as possible.
The above information about Helacash App is what we have compiled for everyone’s reference. We hope the article is helpful to you all. Wishing everyone success and good luck.