Loans Kenya Blog

Thursday, May 28, 2020

How to Restructure your Loans through Metropol CRB

Mwabaya Katana May 28, 2020 No comments

It is now possible to ask your lender for loan restructuring ,which is very important especially during this COVID-19 pandemic through Metropol CRB.

Metropol announced this today through a video displaying all the steps to be followed to achieve that through social media.

To restructure your loans with the lenders, you'll need to have the Metropol CRB app ( Crytobol) installed. All the other steps are done within the app.

Here is how to ask for loan restructuring through crystobol app;

Download the latest version of crystobol app
Register your profile
Now select COVID 19 loan restructure (all your active loans will appear)
Select the loans to restructure and your terms
Confirm and submit

Metropol is the most popular Credit Reference Bureau (CRB) in Kenya with the biggest number of agents across the country.

Wednesday, May 27, 2020

MPC maintains Bank Lending Base Rate at 7 per cent

Mwabaya Katana May 27, 2020 No comments

CBK Governor, Dr. Patrick Njoroge

The Monetary Policy Committee (MPC) met Wednesday 27th May, 2020 and resolved to keep the Central Bank Rate (CBR) at 7 per cent for the second time.

This was as a result of the committee noticing that all the necessary measures taken in the March MPC are still effective and productive.

Although the COVID-19 pandemic has placed the world economy on its knees, Kenya noticed a lot of positive impact amidst the pandemic.

The favourable weather conditions are helping in improving food productivity, which is good for the economy.

Restructured loan by the commercial banks are greatly helping the borrowers affected by the Coronavirus pandemic to cope easily.

However, there was an increase in non performing loans, which is mostly as a result of the negative effects of the pandemic.

The Central Bank of Kenya (CBK) is therefore closely monitoring the changes to see when and where to make rectification in the next MPC meeting.

Tala is back with a Rebuild Fund to borrowers this COVID-19 pandemic

Mwabaya Katana May 27, 2020 No comments

Tala East Africa Region CEO, Ivan Mbowa

Tala the most popular mobile lender among Kenyans is now back with a new kind of a loan dubbed Rebuild Fund .

Rebuild Fund is a special loan given to selected borrowers who are making positive impact to communities where they live within the Kenyan territories.

The new facility is being awarded to individuals helping communities sail through the COVID-19 pandemic by providing affordable food, available healthcare services, available clean water and supplying medical workers with the right necessary equipments.

Tala, through social media has announced that the programme is already on and it's benefiting Kenyans already in different parts of the country.

The message posted by Tala on social media reads;

We are inspired by the people across Kenya who are serving their communities during this difficult time.
We are proud to support some incredible customers through the Tala Rebuild Fund who are using their loans to create jobs and help their communities to cope with COVID-19.

Las week, Tala East Africa region CEO, Ivan Mbowa hinted on making the public aware of this programme that the company has created to help in fighting Coronavirus pandemic negative economic effects in addition to restructuring loans.

Read ; Tala is now restructuring customers loans

Credit Hela App ; Loans, Download, Paybill, Contacts

Mwabaya Katana May 27, 2020 No comments

Credi Hela loan app provides the fastest and safest way to access loans online.

Credit Hela loans

The lender provides loan amounts from ksh 1500 as the minimum and ksh 80,000 as the maximum.

Loans can be repaid within 91 days ( 3 months) minimum and 365 days ( 1 year) .

The interest rate is maximum APR 36 per cent