Chapaa Loan - Easy for Cash 2.0.133

Chapaa Loan was established with the aim of providing enhanced financial services that are streamlined, entirely digital, and paperless to individuals who are not associated with traditional banking institutions, leveraging cutting-edge global technologies.

Loan Product

1. Loan Amount: Ksh 2,500 to Ksh 50,000
2. Loan Tenure: 91 days - 365 days
3. APR: Ranges from a minimum of 24% to a maximum of 50%

For instance, consider the following illustration for clarity: If borrowing Ksh 5000 with an APR of 31% over a period of 91 days:
Interest = 5000 Ksh * 31% / 365 * 91 = 386Ksh
You will receive Ksh 5000 and will be required to repay Ksh 5,386 (5000 + 386) after 91 days.

Loan Process

1. Download the application from the Play Store.
2. Create a Chapaa Loan account.
3. Select the desired loan amount.
4. Provide your basic details and submit your application.
5. Receive funds directly in your M-pesa account.

Permission and Privacy

Upon installing Chapaa Loan, users will be prompted to grant permission for accessing mobile information to confirm identity and assess creditworthiness. Rest assured, your data is safeguarded by top-tier security protocols.