Kifaru Loan

About Kifaru Loan

Kifaru Loan: Your Reliable Loan Application

Loan Amount: 500 Ksh ~ 50,000 Ksh
Loan Term: Minimum 91 days, Maximum 180 days
Annual Interest Rate (APR): Minimum 36% to Maximum 72%
Service Fee: 0%
Loan Requirements: Must be 18 years old or above
Example: If the loan amount is 2,500 Ksh, the loan term is 180 days, and the annual interest rate is 72%, the total service fee is calculated as:

Total Service Fee: 2,500 Ksh * 72% (APR) / 2 = 900 Ksh
Total Amount Payable: 2,500 Ksh + 900 Ksh = KES 3,400
Repayment Example:

Single Repayment: If you choose a lump-sum repayment, you will pay KES 3,400 after 180 days.
Monthly Repayment: If you opt for monthly repayments, your monthly payment will be KES 3,400 / 6 = KES 566.67
Fee Details:

Loan Principal: 2,500 Ksh (180 days)
Loan Fee (Total Cost of Loan): 900 Ksh (= 2,500 Ksh * 72% APR / 2)
Total Amount Due: KES 3,400 (= 2,500 Ksh + 900 Ksh)
Annual Interest Rate: 72%
How to Apply for a Loan:

Register using your M-Pesa number.
Apply for the exact loan amount you need.
Get Approved and receive the funds.
Repay on Time to access a credit limit of up to 50,000 Ksh.
Your Privacy Matters: At Kifaru Loan, we prioritize your privacy and security. We use encrypted data from your phone (including SMS history) to verify your identity and assess your creditworthiness. Rest assured, your information is safe with us and will never be shared with third parties.

Choose Kifaru Loan for a reliable and hassle-free borrowing experience.