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Zenka loan app how to apply intrest loan limit

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Zenka loan app how to apply intrest loan limit

Zenka loan app how to apply intrest loan limit, we have compiled you all you need to know about the zenka loan app how to download, install and get loans directly to your M-PESA in simple steps Zenka Mobile Loan App is one of the most popular mobile lenders which offers fast loan app solution in Kenya without the need for collateral. There are many advantages of using zenka loan app compared to other mobile loans app and they include;

– 61-day loan payment terms have a one-time processing fee of 9-30% (risk-based pricing)
– Processing Fee: Range from KSh 45 – KSh 870 for a one-time charge.
– Loan Amount: from KSh 500 to KSh 30,000.
– Minimum period for repayment: 61 days
– Maximum period for repayment: 180 days
– Minimum Annual Percentage Rate: 70.7%
– Maximum Annual Percentage Rate: 224.89%
– You can Grow with Zenka and build your limit up to KSh 30,000 by making your loan repayments on time

Zenka loan app how to apply intrest loan limit

The first step to access Zenka loan is to download their mobile app on plays tore if you are using an android smartphone;

How to download zenka loan app

  1. Open android ‘play store’ on your smartphone ensure you have data connection.
  2. Search for ‘zenka App’
  3. Select ‘zenka Kenya’
  4. Select ‘Install’
  5. Press ‘Open’ and use the tala App.

How to apply zenka loan

  • 1. Download Zenka App
    Visit the Google Play Store. Search for Zenka Loan App and download it on your mobile or follow easy outlined steps above
  • 2. Fill the short application form
    After downloading zenka app, choose how much money you need and sign up with Zenka.
  • 3. Receive money on your M-Pesa account
    Your application will be evaluated, and when it is approved, you will receive money on your M-Pesa account.
  • 4. Need additional financing?
    Make use of zenka flexible additional amount feature that allows you to top up your existing loan with extra cash, up to your current credit limit.
  • 5. Need more time to repay?
    Loan extensions give you more control over your loan by letting you postpone your due date by 7, 14 or 30 days.
  • 6. Repay on time and build a positive credit history
    Timely repayment increases your credit limit and allows you to apply for higher amounts in the future.

Zenka loan interest rates & Zenka loan limit

– 61-day loan payment terms have a one-time processing fee of 9-30% (risk-based pricing)
– Processing Fee: Range from KSh 45 – KSh 870 for a one-time charge.
– Loan Amount: from KSh 500 to KSh 30,000.
– Minimum period for repayment: 61 days
– Maximum period for repayment: 180 days
– Minimum Annual Percentage Rate: 70.7%
– Maximum Annual Percentage Rate: 224.89%
– Grow with Zenka and build your limit up to KSh 30,000 by making your loan repayments on time Representative example for a first loan for 61 days: Annual Percentage Rate (APR) is 179,51%, total loan amount KSh 1,000; the processing fee: KSh 300, total amount repayable Ksh 1,300; total cost of the loan KSh 300; loan agreement concluded for 61 days. The granting of the loan depends on the assessment of credit risk.
Customers have the option due to the extension to repay their loan amounts even up to 12 months (ZenkaFlexi option).

Zenka loan contacts

Call center: + 254 020 765 0878
Email: support@zenka.co.ke; Zenka Finance Limited
Mirage Tower 2, 12th floor,
P.O. BOX 29107-00100
Nairobi
Kenya

How to repay zenka loan

1. Start the zenka application,
2. Scroll down and click on “Repay”,
3. Select or edit the default repayment amount (open amount),
4. Click on “Repay now” and follow the Payment Link.
After your payment has been processed you will receive an SMS notification.

Mobile loan apps in Kenya without CRB check 2022

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