Introduction
Kashleo loan app is a financial app offering instant loans ranging between KSH. 3,000 and KSH. 50,000. Kashleo loans are processed instantly and no security or guarantor is required to qualify for a loan.
In this article, I will let you know of everything you need to know about Kashleo loan app. Some of the questions I will answer in this article is whether this app improves one’s fuliza limit or not.
Kashleo loan amount
Kashleo offers loans ranging between KSH. 3,000 and KSH. 50,000. A new customer is offered loan of KSH. 3,000 before their loan limit starts growing depending on how they repay their loans and how frequently they borrow loan from the platform.
Kashleo loan app interest rate
Kashleo charges an Annual Percentage Rate ranging between 5% and 28%. This interest is charged on the remaining principle.
Kashleo loan processing fee
Kashleo also charge a processing fee 5%. This fee is deducted before the loan is disbursed. This means that any amount you borrow and gets approved will come 5% less to your account.
Kashleo loan tenure
Kashleo gives customers from 91 days to 365 days to repay their loans. A customer has the liberty to choose the repayment period that fits them most. The period must however fall within the period.
Kashleo loan calculation example
For example, if you borrow a KSH. 6,000 loan, and set the repayment period to 91 days, you will be required to repay the amount with a 16% interest which is equal to KSH. 960. The total amount to be repaid is KSH. 6,960 which you are to repay in 62 days which is two months or 8 days.
Kashleo customer care contacts
Email: kashleo254@gmail.com
Does Kashleo improve people’s fuliza limits?
No. Kashleo does not have any affiliation with fuliza. They cannot improve your fuliza loan limit. The fuliza loan limit tag on the app is just a marketing trick to optimize their app on Google’s SEO.
Download Kashleo loan app download
To download Kashleo loan app, click on this link which will redirect you to google play store and to the location of the app where you can go ahead to download and install this app.
NB: This app asks for service fee before they disburse the loan. Be careful before you send any amount to anyone.
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
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