Fanaka

Loan Applicant Minimum Requirement
* Age between 18+
* Kenya Citizenship
* Kenyan ID holder

RATES AND FEES
The Loan App offer:
* Loan Amount: KES 2000 - KES 50,000
* Loan Term: the shortest tenor is 91 days, the longest is 365 days
* Interest rate: 1.3% per month, 16% per annum
* Service Fee: 0

Example:
Loan Amount = KES 2000
Loan Tenure = 365 days
Annual Interest Rate = 16%
Total Interest= KES 320
Service Fee= 0
Total Amount= KES 2320
Monthly Amount = KES 193
(NOTE: These numbers are just a representation for calculating the rate of interest)

OTHER BENEFITS
Low interest & flexible repayment schedule
100% digital process
More referrals, More rewards

Ready to get started? Install the Fanaka App Now!