Introduction
CashNow loan app is a product of Quantix Technology Projects LLC which is an international financial company. CashNow offers instant mobile loans and it is not only available in Kenya but also in other countries.
Currently, the app is operational in Kenya and United Arab Emirates. In both countries, the app is operational as an instant lending app.
In this article, I will reveal to you everything you need to know about Cashnow loan app which is one of the most reliable lending apps in Kenya. I will reveal how to register, how to apply for a loan, loan requirements, Paybill number and how to contact Cashnow loan app.
Read also: Sky Pesa loan app in Kenya: Reviews, paybill, download and how to repay sky pesa loan in Kenya 2022
How to download Cashnow loan app
Cashnow loan app is available in both google play store and apple app store. This is one of the few loan apps available in apple app store, if you are an iPhone user who is in need of an instant loan, you can try this loan app which is reliable.
To download this app, visit your google play store or apple app store depending on your phone’s operating system.
In google plays store/apple app store, search for the keyword Cashow loan app. This app will appear as the first search result.
You can go ahead to download and install the app. After doing this, you are good to go, you are now one step away receiving your loan but not before you finish the bellow steps.
To avoid following this long process, you can just click on this link if you are using iPhone and this link if you are using an android phone. The above links will direct you to the location of the app on either google play store or apple app store depending on the one you click.
How to apply for an instant loan on Cashnow loan app
To qualify for an instant loan on Cashnow loan app, you must have the following qualifications;
- You must be a citizen and a resident of either United Arab Emirates or Kenya where the app is operational.
- You must be between 20-50 years old
- You must have a monthly income
- You must have your national ID
- You must have your Safaricom line with an active M-Pesa account if you are a Kenyan resident.
After meeting the above qualifications, you can go ahead to create an account on CashNow loan app, have it verified and go ahead to borrow loan of any amount on the app. You should borrow a loan within your credit score to have it approved.
How to pay Cashnow loan
To repay CashNow loan app, you need to use M-Pesa. Go to your M-Pesa menu and choose the lipa na M-Pesa and enter paybill number 942312. You can then proceed to enter your phone number as the account number and enter your pin number to authorize the transaction.
CashNow loan app paybill number
CashNow loan paybill number is 942312.Through this paybill number you can repay your loan and make any transaction involving CashNow loan app.
Your phone number should always be used as the account number whenever you are using this paybill number.
Cashnow loan interest loan
Cashnow loan charges an interest rate between 5% to 36% per year. The rate you pay will depend on the payment plan you choose.
Cashnow Repayment period
The payment period range between 91 days and 365 days. A customer has the liberty to choose the period and plan that fits them most.
CashNow loan limit
Cashnow offers loans ranging between KSH. 3,000 and KSH. 50,000. The more you borrow on your on the platform, the more your loan limit grows. You cannot however go bellow KSH. 3000 and above KSH. 50,000.
CashNow loan app processing fee
CashNow loan app also charge a pocessing fee of 4.9% on the amount borrowed.
Marion Mwangangi is a Journalism student at Multimedia University of Kenya. Apart from being a student, she is a professional graphic designer, an SEO expert and a video editor. Email: mwangangimarion340@gmail.com