Introduction
CrediKes loan app is a product of KK financial services. CreditKes loan app offers customers instant personal loans ranging between KSH. 2,000 and KSH. 50,000.
CredKes loans are instant and are processed within 5 minutes of approval.
In this article, I will inform you how you can download CreditKes loan app, how you can borrow a loan from the platform, how you can repay the loan, CreditKes loan paybill number and answer some of the most asked questions about the platform.
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How to download CreditKes loan app
To download creditkes loan app, head to your google playstore and search for the keyword CreditKes loan app. The app will appear on top of the search results.
You can go ahead to download and install the app to start the process of registration on the platform.
You can as well avoid that long process and click on this link which will direct you to google play store where you can just download the app on as ingle tap.
How to borrow instant loan from CreditKes loan app
To borrow loan from creditkes loan app, you need the following requirements;
- You must have a source of income. This is just to make sure that you wil pay the loan.
- You must be between 18 years old and 60 years old. People above 60 years of age are not allowed to borrow from this platform
- You must be a Kenyan citizen with a national ID to prove it
- You must have safaricom number with an active M-Pesa account
After meeting the above qualifications, you can go ahead to register a new account on CreditKes loan app and verify your account using your phone number and pictures of your identification documents.
After your details are verified using your details, your loan limit will be updated on the app and you can go ahead to borrow any amount within your loan limit.
The loan will be processed and disbursed to your M-Pesa account within five minutes. You can go ahead to use the amount to satisfy your wants.
How to repay CreditKes loan
To repay your creditkes loan, first load the amount to your M-Pesa account and head to your M-Pesa menu. Head to lipa na M-Pesa and enter M-Pesa paybill number ******* (we will update the paybill number once we get the information).
Under the account number, enter your mobile number and enter your M-Pesa pin to complete the transaction.
You can as well us the app to repay your loan (This is the most reliable way of repaying your loan). Head to your app and under the loan section, select pay loan.
Go ahead to enter your phone number and the amount you would like to pay. The amount will be automatically deducted from your M-Pesa account once you enter your M-Pesa pin.
The transaction will then be updated on your app to reflect your loan balance and the amount you need to pay next.
CreditKes interest rate
CreditKes charges an interest rate of up to 30%. The rate can however be low when you choose a short payment period as compared to when you choose a shorter loan repayment period.
CreditKes service fee
CreditKes also charges a service fee of between 5% and 20% on the loans borrowed on their platform. The amount of fee one pays depend on their credit record with creditkes and other lenders.
If you have a poor credit record, you will pay more interest while if you have a clean record, you will pay a low service fee.
CreditKes contacts
Conclusion
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