MBKash Loan: Quick and Instant Loans to Your Account

Are you in urgent need of cash? Do you need to pay a bill or an expense but don’t have enough funds? MBKash – Best Fast Credit Loans app is the solution for you!

It is a quick loan app that offers instant loans directly to your account or M-PESA account or other given account details.

In this blog post, we will take a closer look at the features, loan terms, and benefits of using MBKash.

Features

MB-Kash is a quick and easy loan app that offers several benefits to its users. Here are some of the key features and benefits:

• Money on your account in just 5 minutes (Eazzy banking)!
• One-on-one chat with customer care via the loan app.
• A simple and swift registration and application process.
• Cash loans are available on visiting our branch offices.

Loan Terms

The loan terms of MB Kash vary depending on the country. Below are the loan terms for Kenya, Nigeria, South Africa, Mexico, and the Philippines.

Kenya

• Loan Amount: from Kes.1,500 to Kes. 100,000.
• Tenure: the shortest tenor is 61 days, the longest is 365 days.
• Interest Rate: 12.5% per annum.
• Processing Fee: 5% of the principal amount with a minimum amount of kes 60 and a maximum amount of kes 600.

For instance, if you take a 61-day loan with a principal amount of kes 3000, the processing fee would be kes 150, and the interest would be kes 61.64.

The total amount due would be kes 3211.64, and the monthly payment would be kes 1605.82.

Nigeria

• Loan Amount: from ₦.5000 to ₦. 350,000.
• Tenure: the shortest tenor is 61 days, the longest is 365 days.
• Interest Rate: 12.5% per annum.
• Processing Fee: 5% of the principal amount with a minimum amount of ₦ 200 and a maximum amount of ₦ 2000.

For instance, if you take a 61-day loan with a principal amount of ₦ 10000, the processing fee would be ₦ 500, and the interest would be ₦ 205.48. The total amount due would be ₦ 10705.48, and the monthly payment would be ₦ 5352.74.

South Africa

• Loan Amount: from R.230 to R. 15000.
• Tenure: the shortest tenor is 61 days, the longest is 365 days.
• Interest Rate: 12.5% per annum.
• Processing Fee: 5% of the principal amount with a minimum amount of R10 and a maximum amount of R100.

For instance, if you take a 61-day loan with a principal amount of R500, the processing fee would be R25, and the interest would be R10.27.

The total amount due would be R535.27, and the monthly payment would be R267.64.

Loan Terms in Mexico

• Loan Amount: from $.300 to $. 19500.
• Tenure: the shortest tenor is 61 days, the longest is 365 days.
• Interest Rate: 12.5% per annum.
• Processing Fee: 5% of the principal amount with a minimum amount of $12 and a maximum amount of $120.

For instance, if you take a 61-day loan with a principal amount of $1000, the processing fee would be $50, and the interest would be $20.55.

The total amount due would be $1070.55, and the monthly payment would be $535.28.

Loan Terms in the Philippines

Loan Amount: from ₱500 to ₱ 30000.
Tenure: the shortest tenor is 61 days, the longest is 365 days.

Interest Rate: 12.5% per annum.
Processing Fee: 5% of the principal amount with a minimum amount of ₱ 60 and a maximum amount of ₱ 600.

For instance, if you take a 61-day loan with a principal amount of ₱ 5000, the processing fee would be ₱ 250, and the interest would be ₱ 102.74.

The total amount due would be ₱ 5252.74, and the monthly payment would be ₱ 2626.37.

Conclusion

MB Kash is an easy and convenient loan app that offers fast loans to individuals who need quick cash.

With its straightforward registration process and quick loan approval, MB-Kash makes it easy to get the money you need in just a few minutes.

However, before taking out any loan, it’s important to carefully consider the loan terms and ensure that you can afford to repay the loan on time.

Make sure to read the terms and conditions carefully, and if you have any questions or concerns, don’t hesitate to contact MBKash’s customer care team for assistance.