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Thursday, May 28, 2020

How to Restructure your Loans through Metropol CRB

    May 28, 2020   No comments
Metropol CRB Kenya

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

    May 27, 2020   No comments
CBK Governor Dr Patrick Njoroge
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

    May 27, 2020   No comments
Tala app Kenya
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. 

Tala Rebuild Fund

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

    May 27, 2020   No comments
Credit Hela loan app

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

How to download appmand apply for Credit Hela loans 

You must have an android smartphone and an M-Pesa number. Then follow these steps;

  • Go to play store and download Credit Hela app
  • Create your profile 
  • Get loan limit 
  • Apply for the loan
  • Receive the money in your M-Pesa account 
Remember to repay the loan early enough to  increase your loan limit to the maximum of ksh 80,000. Repayment is done just within the app. 

How to Contact Credit Hela customer care 

If you encounter issues or would like to know more about the app, kindly contact Credit Hela phone number or email address; 

E-mail: help@credithela.com
Tel: 0717 730829
Facebook: @CreditHela.KE