Bora Credit

About Bora Credit

**The reliable Loan App Bora Credit offer:
1. Loan Amount: 500 Ksh ~ 50,000 Ksh
2. Loan Term: the shortest tenor is 91 days, the longest is 180 days
3. APR : Minimum 36% to Maximum 72%
4. Service Fee: 0%
5. Loan request: Need to be at least 18 years old or above

**Example: If the loan amount is 2500 Ksh, the loan term is 180days, and the APR is 72%, the total service fee should be 2500 Ksh * 72%(APR)/2 = 900Ksh. The total amount must be paid: 2500+2500*72%(APR)/2=KES3400

Repayment Example:
If you choose to make a one-time repayment, then you will make a one-time repayment of KES3400 after 180 days.
If you choose to make monthly repayments, your monthly repayment amount will be KES3400/6 = KES 566.67

Fee Details:
Loan principal: 2500 Ksh (180 days)
Loan fee(total fee of the loan): 900Ksh(=2500 Ksh * 72%(APR)/2)
Total amount payable: KES3400(=2500 Ksh+2500 Ksh * 72%(APR)/2)
APR: 72%

To apply for a loan, you need to follow several steps:
1. Register with your M-Pesa number
2. Apply for the exact loan amount you need
3. Get approved and receive the money
4. Repay on time to get a credit limit of 50,000 Ksh

Your Privacy Matters: At Bora Credit, 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 Bora Credit for a reliable and hassle-free borrowing experience.