Introduction
CornCash loan app is one of the few genuine loan apps in Kenya. CornCash loan app offers instant unsecured personal loans ranging between KSH. 500 and KSH. 50,000.
Corncash loans are offered for free and the customer is not expected to pay any amount apart from the interest and late payment penalty if they fail to repay their loans in time.
In this article, I will be taking you through everything you need to know about corncash loan app. I will take you through the process of downloading, installing, borrowing, and repaying your loan.
I hope that this article will help you make an informed decision when choosing your next lender.
How to download CornCash loan app
To download corncash loan app, visit your google play store and search for the keyword Corncash loan app. The app will appear as the first search result. You can proceed to download and install the app.
To identify the app, you will notice it with unique corn as its display picture, The app is developed by corncash limited.
You can as well click this link which will redirect you to the app on the google play store. The app is not available on other stores other than the google play store, which means that there is no iPhone version of this app.
Read also: Legit or fake? Read more about Mkopo haraka loan app by clicking on this link
Read also: Read more about cashsea loan app 2022 in Kenya.
How to apply for corncash loan
After successfully downloading and installing the app, you will now move to borrow your first loan from the app. To do this, you will need the following;
- Your original ID (You must be 18 years and above)
- Smartphone
- Safaricom number with active M-Pesa account
- Physical address
After gathering the above details, you can now proceed to create a new account by entering them where required.
You will be then required to confirm the details by taking a picture of yourself, and your ID on both sides, and a One Time Pin (OTP) will be sent to your phone number to verify it.
After the verification process, your loan limit will be automatically updated on your mobile app. You can proceed to borrow any amount within your loan limit and the amount will be processed and sent to your account in less than five minutes.
You can proceed to use the amount to satisfy your needs. The whole process of downloading the app, creating a new account, having your account verified, borrowing your first loan, and having the loan approved can take between five minutes and 10 minutes depending on your speed.
How to repay CornCash loan
Corncash loan app does not have a paybill number currently, You must therefore use the official app to repay your loans.
To repay your loans using the app, log into your app and head to the my loans section. Select pay my loan and enter the amount you wish to repay.
Go ahead to enter your phone number and the amount you wish to pay after which you will enter your M-Pesa pin to authorize the transaction and the amount will be automatically deducted from your M-Pesa to repay your loan.
The loan balance will be updated on the app immediately after the transaction is complete.
Corncash interest rate
Corncash charges 20% interest on loans offered by the platform. This is far much favorable as compared o other apps which charge as more as a 50% interest rate.
Corncash loan repayment period
Corncash give their customers a period of between 91 days and 365 days to repay their loans.
Corncash service fee
Corncash charges a service fee of between 3% and 5% of the borrowed amount depending on the borrower’s credit record.
Corncash loan contacts
Email address: help@corncashken.com
Email 2: help@corncashken.com
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