Currently, the development of technology in the field of online lending is becoming increasingly popular and convenient. Among the various online lending applications, Mokash stands out as one of the most reliable and user-friendly apps in Kenya. Additionally, the app has received high praise from numerous customers who have used it. This is due to the fact that the Mokash App offers simple procedures and intelligent features, making it a viable option when you need a quick and convenient loan.
- Working Hours: 9:00 AM – 6:00 PM (Monday – Sunday)
- Email: [email protected]
- Customer Care: +0110835100
- WhatsApp: 0110835101
- Website: https://www.mokashcredit.com
- Address: 6th Floor, Kose Heights, Argwings Kodhek Road, Kilimani, Nairobi, Kenya.
Flexible credit limits, terms, and interest rates
MokashCredit provides flexible options for credit limits, terms, and interest rates to meet your borrowing needs. Specifically, the details are as follows:
- Loan amount: From Ksh 300 to Ksh 100,000 (unsecured) or from Ksh 100,000 to Ksh 1 million (secured).
- Repayment term: From 4 months to 2 years.
- APR (Annual Percentage Rate): From 15% to 120%.
- Annual account maintenance fee: From Ksh 100 to Ksh 300.
- For instance, if you borrow Ksh 10,000, the fixed fee will be Ksh 2,000. There are no late payment fees, reinvestment fees, or initial fees.
Transparent costs and high approval rate
Another notable aspect of Mokash is its commitment to transparent costs and a high approval rate. Before confirming the loan, you will be provided with clear information about the monthly repayment amount, interest rate, and total repayment. This allows you to have an overall understanding of the loan and easily calculate your expenses.
Smart evaluation and automatic disbursement
Mokash employs smart technology for profile assessment and loan approval. An automated credit scoring system evaluates your personal and financial information to make quick and efficient loan decisions. Once your application is approved, the disbursement process is also automated, ensuring you receive the loan quickly and conveniently.
Easy Loan Conditions
Mokash prioritizes customer convenience, so the loan conditions are also highly flexible.
- You only need to be a Kenyan citizen aged 18 and above.
- Have a bank account and stable employment.
- Provide complete personal information and a clear photo of your ID card.
- Download and install the Mokash app on your phone.
- The app accepts individuals with poor credit history.
Simple and Swift Procedures
Registering for a loan at Mokash couldn’t be simpler. You just need to download the app onto your mobile phone and follow a few easy steps to complete the registration process. With an automated approval process, your application will be swiftly evaluated, saving you time and effort.
Below are the steps to guide you through the loan application process at Mokash:
Step 1: Download and install the Mokash APK/IOS from cashloanapp.net.
Step 2: Open the app and create an account by providing necessary personal information.
Step 3: Log in to your Mokash account.
Step 4: Select the “Apply for Loan” or similar option in the app interface.
Step 5: Fill in the required information such as loan amount, loan term, and purpose.
Step 6: Provide the requested personal and financial information. Confirm the entered information and submit the loan request.
Step 7: Wait for the approval process, which is typically very quick. Once your application is approved, the loan amount will be automatically transferred to your bank account.
Note: Make sure to provide accurate and complete information to enhance the likelihood of a successful approval.
Features of the Mokash App
You will be amazed by the features of this app:
- Borrow online and receive money within 24 hours.
- Get up to a maximum of Ksh 100,000 in loans.
- Instant notification of results right after submitting the loan application.
- Easy payment through the banking transfer system.
- Option to extend the loan.
- Register anytime, 24/7.
- Feature to exclude customers with bad debts.
- Benefits when borrowing again in the future.
With its convenience, simplicity, and reliability, MokashCredit is a noteworthy online loan app to consider when you need quick financing in Kenya. The straightforward procedures, transparent costs, and high approval rates are its standout advantages. Furthermore, the use of intelligent approval technology and automated disbursement saves you time and energy. Download the Mokash App on your mobile device today and experience the convenience and reliability of online borrowing.