AfrikaLoan app is a mobile loan app that offers loans from KSh 500 to Ksh 50,000. The interest rate is between 0.8% and 15.2% per month. Repayment time ranges between 7days and 52 weeks.
One must be of 18 years and above to apply for qualify for a loan.
In addition, the person applying for the loan must be in possession of National ID, residence address and an active cell phone number with the M-Pesa account.
How to download and register with Afrikaloan app
To download the loan app go to the google play store or click here.
Once you’ve downloaded the Afrikaloan app the next thing is to register before applying for the loan. To register you need to honestly enter the following details;
- Name as it appears in your National ID
- ID number
After filling the above details, accept terms and conditions then click on the Next button.
A five-digit confirmation code will be sent to your phone number. Enter the code once prompted and follow the steps that will follow until you finish up the registration process.
Once the loan is approved the money is deposited into the Mpesa number within a few minutes.
How to repay Afrikaloan through Mpesa Paybill number 697566
To avoid being listed on CRB and your loan attracting more penality, it is advisable to repay it timely. Its is also worth noting that paying your loan earlier increases your chances of qualifying for higher loan.
To pay your loan through Mpesa follow these steps;
- Navigate to your Mpesa menu and select Lipa na Mpesa
- Select the ‘ pay bill’ option
- Enter the Afrikaloan app pay bill number as 697566
- Next, choose the ‘account number’ enter your M-PESA phone number
- Enter the amount you are repaying then press OK
- Enter your Mpesa pin
- Confirm whether all details are correct then press OK.
Why choose the Afrikaloan Kenya App?
1. Simple and Convenient to use
Three easy steps of getting an online loan:
1. Download the app
2. Apply for a loan
3. After approval, receive the money on your M-Pesa account
2. Why people choose AfrikaLoan
- It’s an online app, you simply just install the app and fill in a short application form, whenever and wherever you are.
- Fast processing in that you can get an instant online loan as soon as you’ll require financial assistance.
- Low-interest fees and flexible loan repayment terms with no hidden fees or charges.
- All personal data is encrypted to protect your privacy and is never shared with third parties.
- AfrikaLoan App customer support team is always ready to answer your question on Facebook and via email.
Afrikaloan app Contacts
Incase of inquiries with regards to services offered by Afrikaloan, one can contact them through the following platforms;
- Facebook: Afrikaloankenya
- Twitter: @afrikaloan
- Email: firstname.lastname@example.org
- Website: Afrikaloan.com
- Phone : +254 20 5137800