Fairkash Loan App Download, Contact Number, Interest

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Fairkash Loan is a quick credit personal loans mobile app that offers a convenient and flexible way to obtain loans in Kenya, Tanzania, Nigeria, South Africa, and the Philippines.

In this post, we’ll delve into the various aspects of Fair kash loans, from interest rates to application processes, ensuring you have all the information you need to make an informed decision.

Fairkash Interest Rates

Fairkash offers competitive interest rates that can vary depending on the country you’re applying from. It’s important to note that interest rates can change over time, so always confirm the current rates before taking out a loan.

Examples and Breakdown by Country

Here are the interest rates and processing fees for Fairkash loans in different countries:

Nigeria:

  • Interest Rate: 12.0% per annum (APR)
  • Loan Amount: ₦5,500 to ₦180,000
  • Processing Fee: 5% of the principal amount with a minimum of ₦180 and a maximum of ₦1,800

For example, for a 90-day loan of ₦16,000, the processing fee would be ₦800, and the total amount due is ₦17,273.42, with a monthly payment of ₦5,757.81.

South Africa:

  • Interest Rate: 12.0% per annum (APR)
  • Loan Amount: R300 to R8,000
  • Processing Fee: 5% of the principal amount with a minimum of R8 and a maximum of R80

For example, for a 90-day loan of R700, the processing fee would be R35, and the total amount due is R755.71, with a monthly payment of R251.90.

Kenya:

  • Interest Rate: 12.0% per annum (APR)
  • Loan Amount: Kes. 1,500 to Kes. 50,000
  • Processing Fee: 5% of the principal amount with a minimum of Kes. 50 and a maximum of Kes. 500

For example, for a 90-day loan of Kes. 4,500, the processing fee would be Kes. 225, and the total amount due is Kes. 4,858.15, with a monthly payment of Kes. 1,619.38.

Philippines:

  • Interest Rate: 12.0% per annum (APR)
  • Loan Amount: ₱700 to ₱22,400
  • Processing Fee: 5% of the principal amount with a minimum of ₱22 and a maximum of ₱250

For instance, for a 90-day loan of ₱2,000, the processing fee would be ₱100, and the total amount due is ₱2,159.17, with a monthly payment of ₱719.72.

Tanzania:

  • Interest Rate: 12.0% per annum (APR)
  • Loan Amount: Tsh. 32,000 to Tsh. 1,000,000
  • Processing Fee: 5% of the principal amount with a minimum of Tsh. 1,100 and a maximum of Tsh. 10,500

For instance, for a 90-day loan of Tsh. 96,000, the processing fee would be Tsh. 4,800, and the total amount due is Tsh. 103,640.55, with a monthly payment of Tsh. 34,546.85.

Remember that these rates can change over time, so verify the current rates before applying.

Fairkash Requirements

If you’re considering a Fairkash loan in Nigeria, here are the requirements:

  • Minimum Age: You must be at least 18 years old.
  • Source of Income: You’ll need to demonstrate a source of income.
  • Bank Account: You must have an active bank account.
  • Resident of Nigeria, Kenya, South Africa, The Philippines or Tanzania

How to Apply for Fairkash loans

Applying for a Fairkash loan is straightforward. Here’s a step-by-step guide:

Download the Fairkash – Quick Credit Loan App: Start by downloading the official Fairkash app. Ensure you’re downloading it from a trusted source, such as an official app store, to avoid security risks.

Register an Account: Create your account within the app. You’ll likely need to provide some personal information during this step.

QuickCheck Against Outstanding Balances: The app may perform a quick check against any outstanding balances or credit history.

Fill Out the Online Loan Application: Complete the online loan application form provided by Fairkash within the app.

Verify Your Personal Details: Verify your personal details to ensure accuracy.

Get Cash Sent Directly to Your Mobile: Once your application is approved, you’ll receive the loan amount directly to your mobile account or bank account, depending on your preference.

Fairkash App Download

Always prioritize your online security. To download the Fairkash app, make sure you only use official app stores like Google Play Store or Apple App Store. Avoid downloading loan apps from unofficial sources, as they may pose security risks.

Contact Fairkash Customer Care

If you need assistance or have questions about Fairkash, you can reach out to their customer care team.

  • Email: famcash@yahoo.com
  • P.O Box 6147-00100 Nairobi
  • Location: ANNIVERSARY TOWERS 4th floor along University Way and Monrovia Lane, NAIROBI

You can also find a “Contact Us” or “Support” section within the Fair kash app. Use these channels to get in touch with their customer care team for quick help.

Is Fairkash Legit?

Fairkash is a reputable online lending platform offering loans in multiple countries. However, it’s essential to exercise caution when dealing with any financial institution. Verify the terms, interest rates, and fees before taking out a loan.

Always make sure you are comfortable with the terms and conditions, and be aware that companies can change over time. Ultimately, the decision to use Fairkash should be made at your discretion, keeping your financial well-being in mind.

Conclusion

In conclusion, Fairkash Loan provides a convenient way to access quick credit in various countries. By understanding the interest rates, requirements, application process, and safety precautions, you can make an informed decision when considering a Fairkash loan.

Remember to prioritize security, and verify all terms and conditions before proceeding with your loan application.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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