Azimio loan app 2023: APK Download, Pay bill, Contacts

Introduction

Azimio loan app is a Kenyan based loan app that offers instant personal loans straight to customers’ M-Pesa account.

Azimio loans are not secured and are processed digitally with no paperwork involved.

Read also: How to qualify for an instant loan of up to Ksh. 70,000 on Tala mobile app 2023

The latest most reliable mobile loan app is here. Read more about Afrika loan app which is one of the most reliable loan apps in Afrika.

Is Azimio loan connected to Azimio La Umoja political party?

Azimio loan is a product of Gypsum Fintech limited.

Azimio loan uses the known Azimio La Umoja political party logo in Google Play Store.

However, there is no any known connection between Azimio La Umoja political party and the Azimio loan.

The political party has never made public any intention to form a loan app and has always criticized government’s Hustler Fund publicly insinuating that they are against the idea of creating a loan.

Download Azimio loan app

Azimio loan app is available for download in the Google Play Store for free.

You can as well use this link which will re-direct you to google play store and then to the location of Azimio loan app and from there, you can download the app for free.

Azimio loan download link

Azimio loan limit

Azimio loan app offers loans ranging between KSH. 1,500 and KSH. 25,000.

A customer starts with the lowest loan limit when they sign up on the app, the limit then grows as the customer continues to borrow and repay the loan.

The loan limits ranges low amount for first time applicants to a high amount for repeat customers.

Azimio loan calculation 2023

For example, if you borrow a loan worth Ksh. 2,000 from Azimio loan app and set the repayment period to 120 days, you will be required to pay an interest of 0.05% per day.

The total interest you will be required to pay will therefore be, 0.05*120 which is equal to 6%.

The interest will therefore be, 6%*2,000 which is equal to 120.

The total amount you will be required to repay will therefore be Ksh. 2,120.

Azimio loan app interest rate

Azimio loan charges a maximum interest of 18% per year. This is equivalent to 0.05% per day.

This means that if one settles on a long repayment period, they will pay high interest while if one settles on a short repayment period, they will pay low interest rate.

Advantages and Disadvantages Azimio loan

Advantages of Azimio loan app

Azimio loan app charge generally low interest rate as compared to other loan apps in the country. While others charge up to 260% interest rate per year, Azimio loan app charges only 18% interest per year which is generally low.

Azimio loan app has an active customer care service. Other apps lack customer care service which makes it difficult for a customer to raise complain regarding their business, Azimio loan however, has an active customer care service which is ready to help during working days.

Azimio loan does not ask for proof of monthly income before approving one’s loan. Even those without a regular monthly income can still qualify for a loan in Azimio loan app.

Disadvantages of Azimio loan.

Azimio loan asks for registration fee ranging between Ksh. 150 and Ksh. 200 before one qualify for loan. This is risky because one can pay the registration fee and still fail to secure a loan through the app. It is advisable that one check very carefully before paying the registration fee.

Azimio loan app’s customer care does not operate 24/7. This means that if you are in urgent need of help when it is not working days, then you will have to wait till working days to have your complains heard. This might inconvenience one.

Azimio app contacts

Azimio app phone number is 0723028474. The number operates from Monday to Saturday between 8 am in the morning and 5 pm in the evening.