If you’re a Kenyan who needs instant cash to solve urgent financial needs, you can consider Asapkash. It is an online lending platform that helps Kenyans to meet their financial needs hence giving them financial peace of mind. If you don’t know how to apply for the loan, no worries! We get you covered.
In this post, we’re going to delve into the interest rate, loan term, eligibility criteria of Asapkash loan and other relevant aspects of this article. Stay tuned as we go through it together.
Requirements for Asapkash Loan
To be eligible for Asapkash loan, borrowers are required to meet the following eligibility criteria:
- Must be at least 20 years old.
- You must have a steady and stable income source.
- An active bank account for loan disbursement is also needed.
How to Apply for Asapkash Loan Online
Applying for Asapkash loan is quite simple and stress-free, follow the steps below to apply:
- Download and install the app from the official app store.
- Register with the required details to get started.
- Complete the Asapkash online loan application form with the needed details.
- Wait for your loan review.
- Finally, if approved the loan amount will be disbursed to your bank account.
Asapkash Loanable Amount
The Asapkash loanable amount is not fixed; it ranges from KSh 15,00.00 – KSh 12,000.00.
Asapkash Loan Term
The Asapkash loan repayment plan is relatively flexible, it is between 91 – 365 days.
Asapkash Interest Rate
The Annual Percentage Rate(APR) of Asapkash loan is 18% while the daily interest rate is 0.05%. It is important to note that this interest rate is subject to change overtime hence you can contact them for updated information on their interest rate.
Representative Example of Asapkash Loan
Let’s assume you take a loan from Asapkash with the following breakdown:
Loan amount: KSh 2,000.00
Loan term: 120 days
The total interest rate will be: KSh 2,000.00 * 0.05% * 120= KSh 120.00
The monthly interest will be: KSh 2,000.00 * 0.05% * 30 = KSh 30.00
Therefore, the total repayment amount(principal amount + interest): KSh 2,000.00 + KSh 120.00 = KSh 2,120.00.
Asapkash Loan App Download
Downloading Asapkash loan app is straightforward and hassle-free, follow the steps below to download it:
- Visit the official app store on your device.
- On the search bar, type ‘’Asapkash’’.
- Once seen, tap on ‘’Download’’ tab.
- After downloading, install the app.
- Finally, create an Asapkash account with the required details to get started.
Is Asapkash Legit?
Asapkash appears to be a legitimate lending platform because most Kenyans have taken loans from them over the years. From the Play store, more than 1 million people have downloaded the app, the lending platform is rated 4 stars which depicts that it is legit.
However, since lending platforms are liable to change overtime, it is best for you to conduct your independent due diligence about Asapkash before opting for their lending services.
Asapkash Customer Care
If you have questions, inquiries or you need assistance from Asapkash, do not hesitate to reach out to their customer care unit with the following handles:
Office Address: 7th Floor, FCB Mihrab, Lenana Rd, Nairobia
Asapkash Loan Customer Review
Our check on Google Play Store revealed that customers have diverse view about the lending service of Asapkash, some of the reviews are outlined below
Caroline Ochieng – ‘’It’s good and very reliable. I love it. I have tried it because I needed money to boost my business and for sure it has come through for me. The procedures are not much and can be clearly seen as true . Thank you asapkash for accepting my request. I hope everyone just chooses this loan app. You just helped me when I was stuck. The loan repayment period is also flexible and very reliable. The interest is also not high compared to other loan apps they take short time to allocate the loan’’
Omar Kioko – ‘’A very good app …they keep there promise ,,the duration of the loan is good ..the earlier you pay ur the more the loan limit grow. Only on disbursement of the funds …there’s a delay’’
Rose Wanjiru – ‘’High interest rates; you apply for 1500 and end up getting a thousand. They also take a photo of you but end up saying that the process has failed. It seems there’s no help here. I’m uninstalling right away’’.
Wanjiru Kimamo – ‘’If you are looking forward to acquiring a loan,, this app is just NOT it… HIGH INTREST RATES, THREATS and SPAM AUTOMATED CALLS/MESSAGES.. Guys just go for TALAAm late kulipa for a day and they keep calling with those automated calls, like how am I supposed to answer to a talking machine??? If only Google play store had a negative rating… That’s what they deserve’’.
Asapkash offers instant loans to their users to enable them to meet their financial needs. However, it is best to understand their lending terms before opting for their lending services so that you can make informed decisions beforehand.