MobiLoan

Features MobiLoan

Download our app and get a loan limit.We provide loans from ksh, 2000 to Kshs 35000.Repay your loan earlier and get a higher loan limitTo get loan from MobiLoan, you need to be:1.
A Kenyan Citizen2.
Between 18-65 years old3.
Regular source of incomeProduct Features(Loan amount, Loan tenure, Interest, Service fee, Loan Example)1.
Loans Amount: KES, 2000 to KES 350002.
Loan Tenure: 91 days ~ 365 days3.
APR: 12% to 25%4.
Service fee: 2%~8%Example: If the loan amount is Kes5,000 and the APR is 14% per annual with a tenure of 180 days, the services fee is 5%:Interest = Kes5,000 * 14% / 365 * 180 = Kes345Service fee = 5,000*5% = Kes250You will get Kes5,000 and should repay Kes5,595 (5,000 + 345 + 250)Steps to apply a loan on MobiLoan:1.
Sign up2.
Fill in basic details3.
Apply for a loan4.
Wait for approvalWhy apply for a loan from MobiLoan?• No Credit report required• Available across Kenya• As the credit score grows, the loan limit gradually increases• Variety of convenient repayment methods• Can apply for loan extension if you dont have enough money to repay• Paperless and digital process on your mobile• No collateral requirements• Get 7/24 access to loan anytime and anywhere• Disburse to your M-PESA directly in 1 minute once approvedWho can apply for loan• Kenya Resident• 18-60 years old• has a source of income.Physical Address:6th Floor , 106 Monrovia Street, Nairobi, Kenya