Zenka Loan App: Zenka bills itself as the most flexible personal loan platform on the market, giving Kenyans more control over their finances with its unique features. It offers a simple registration and application process, after which you will receive your loan straight to your M-Pesa account.
Zenka’s application gives you a chance to get a loan regardless of your banking history. Once you apply for a loan, the loan will hit your account within five minutes.
How to apply for a loan
1). Download Zenka Loan App
Visit Google Play Store. Search for Zenka Loan App and download it on your mobile.
2). Fill the application form
After downloading our app, choose how much money you need and sign up with Zenka.
3). Receive money on your M-Pesa account
Your application will be evaluated and when it is approved, you will receive money on your M-Pesa account.
4). Repay on time and build a positive credit history
Timely repayment increases your credit limit and allows you to apply for higher amounts in the future.
5). Need more time to repay?
Loan extensions give you more control over your loan by letting you postpone your due date by 7, 14 or 30 days.
6). Need additional financing?
Make use of our flexible additional amount feature that allows you to top up your existing loan with extra cash, up to your current credit limit.
Minimum loan term: 1 day. Maximum loan term: 30 days. Maximum APR 0 per cent. For a representative example for a loan for KSh 4,000 for 30 days APR equals 0 per cent (calculated on 06.05.2019); total loan amount: KSh 4,000; annual interest rate 0 per cent; total loan cost KSh 0, including: Commission KSh 0, Interest KSh 0; installment amount: 1 installment for KSh 4,000; term of loan: 30 days; total repayment amount KSh 4,000.
First free loan
Interestingly, your first loan will be given to you free. This means that you will be charged zero interest rates and zero commission.
You can get the Zenka Loan App by downloading it on Google Play HERE.
Alternatively, you may dial *841# on your mobile phone if you don’t have a smartphone.