M-kopa Cash loan limits refers to the range in amount of money given to the borrowers interested in M-kopa cash loans.
But first,what is M-kopa?M-Kopa is a Kenyan fintech company that provides solar-powered products and financial services to low-income customers. One of the financial services that M-Kopa offers is cash loans.
 |
| M-kopa Logo |
M-Kopa cash loans are available to existing M-Kopa solar products customers.
M-kopa Cash Loan Limits
How much can I borrow from M-kopa Cash Loans? The loan limit for M-Kopa cash loans ranges from Ksh 3,000 to Ksh 15,000.
The loan limit is determined by the solar product that the customer is paying for or has already paid for.
Customers are eligible for a loan limit once they have paid more than half of the cost of their solar product.
The interest rate for M-Kopa cash loans is 1.75% per month. This means that if you borrow Ksh 5,000, you will pay Ksh 87.50 in interest each month.
Summary of M-Kopa Cash Loan Limits
Loan limit: Ksh 3,000 to Ksh 15,000
Eligibility: Existing M-Kopa solar products customers who have paid more than half of the cost of their solar product
Interest rate: 1.75% per month
How to apply for M-kopa Cash Loans
To apply for an M-Kopa cash loan, you can:
- Open the M-Kopa app on your phone
- Tap on the "Loans" tab
- Enter the amount of money you want to borrow
- Tap on the "Apply" button
M-Kopa will review your application and let you know if you are approved
If you are approved for an M-Kopa cash loan, the money will be deposited into your M-Kopa account. You can then use the money to pay for anything you want.
In conclusion
M-Kopa cash loans can be a convenient and affordable way to access quick cash. However, it is important to borrow responsibly and only borrow what you can afford to repay.
Write a comment
Post a Comment
Loans Kenya Blog admin will never approve abusive or inciteful comments. In addition, avoid including sensitive or private personal information in your comments for your own online safety.