Kuwazo Loan App Download, Interest rates,Paybill and Customer care contacts
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Kuwazo is a loan app in Kenya giving instant credit to Kenyans via MPESA mobile money.
Kuwazo offers Loan Products with a repayment period between 60 and 145 days. The more you repay on time as per the installment schedules, the more you get higher repayment period.
KUWAZO RATES AND FEES
- Loan Amounts: from Ksh 500 - Ksh 30,000
- Monthly Interest Fees: 7% to 20 %
- Processing Fees: Ksh 0
- APR: 60% to 240%
Example Fee Calculation: For a Ksh. 1000 has Ksh. 200 Interest Fee, Maximum Ksh. 400 rollover Fee, No origination or processing Fees.
For a Ksh.1000 Loan, the client pays 1000 (Loan given)+200(Loan Interest) =Ksh 1,200
LOAN REPAYMENT TERMS
Every loan product has maximum of 3 rollover times after which the repayable amount does not change for the lifetime of the Loan.
Depending on the Loan Product the final repayment dates are between 90 days and 360 days.
Kuwazo loans can be repaid via MPESA PAYBILL: 149719 and use your MPESA number as the Account number.
HOW TO GET STARTED
* Download the App
* Give Kuwazo permission as requested
* Create Account
* Login with your credentials
* Borrow your qualified amount
* Receive money directly into your Mpesa Wallet
Borrow and Repay on time to improve your prequalified limits and access loans with longer repayment periods and lower interest fees
HOW TO CONTACT KUWAZO APP CUSTOMER CARE
Contact Kuwazo app customer care in case of any challenges with the app through: talktous@kuwazo.co.ke
SMS/ Whatsapp us on : and +254-745660345
Facebook: @kuwazokenya
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