Faida Loans

INTEREST AND FEES
Faida Loans: Loans range loans from KSH 3,000 to KSH50,000 with terms from 91 to 365 days.
Interest ranges from 5% – 36% APR.
Processing Fee: Range from KSH 100 - KSH 3882 one-time charge
Minimum Annual Percentage Rate (APR) includes interests plus processing fee is:5%.
*Example: If the loan amount is 6000 Ksh, the loan term is 61days, and the Interest rate is 16%, the total Interest should be 6000 Ksh * 16% = 960 Ksh.””.”

Minimum Annual Percentage Rate (APR) includes interests plus processing fee is:5%

Example:
If you choose a 91 days loan and borrow KSH1, 000 with interest rate APR 36% and processing fee KSH100, the total amount due is KSH1,191.

How we are different
• Instant Loans offers flexible loan products
• Only three steps to Your loan:
- Register
- Get Approval
- Disbursement to your M-pesa account
• Repay your loans in time or complete Increase Limit tasks to build your credit limit and reduce on interest rate.

Privacy and Permissions:

Faida Loans verifies your identity and assesses your credits by collecting your full legal name, national ID, Mobile number (Submitted Information).
No loan can be disbursed if the data is missing.
Note that we take your privacy seriously. All your data is well encrypted and secured. We don't share or sell your information with third parties without your permission.

DISCLAIMER:
We solemnly concur and abide by Google's policies especially on protecting users from deceptive or harmful financial products.
You, personal loan consumers require information about the quality, features, fees, risks, and benefits of loan products in order to make informed decisions about whether to undertake the loan.

We do not provide: Mortgages, car loans, student loans, revolving lines of credit (such as credit cards, personal lines of credit).

Please make sure you read and understand our Privacy Policy and Terms and Conditions – which are also available in our app, before applying for a loan.
Our service is provided without any warranty, if you are dissatisfied at any point with respect to our terms, you reserve the rights to discontinue using the service.

CONTACT US
We’re always glad to hear from you! If you have any feedback, questions, or concerns, please send a private message through our app.