YesCash provides a streamlined way for ordinary Kenyan citizens to easily borrow cash from the comfort of their homes. This platform caters to diverse financial needs, offering low-interest loan products with flexible terms.
Let’s delve into the key aspects of YesCash, including interest rates, requirements, application process, app download, customer care, and its legitimacy.
Understanding YesCash Interest Rate
Understanding the interest rates offered by YesCash is crucial before considering a loan. For instance:
- Interest Rate: Ranges between 12% to 25%.
- Service Fee: Set at 6%.
- Example Calculation: For a loan amount of Ksh 20,000 with an APR of 10% per annum over a 180-day tenure:
- Interest = Ksh 20,000 * 10% / 365 * 180 = Ksh 986
- Service Fee = Ksh 20,000 * 6% = Ksh 1200
- Total Repayment = Ksh 20,000 + Ksh 986 + Ksh 1200 = Ksh 22,186
- Monthly Payment = Ksh 22,186 / 6 = Ksh 3698
Readers are advised to verify and understand the current interest rates before committing to any loan offer.
Yes Cash loan Requirements
To be eligible for a loan through YesCash, individuals must meet specific criteria:
- Kenyan Citizenship
- M-pesa Account
- Age above 18 years
How to Apply for Yes Cash Loan
Accessing a loan through YesCash involves a straightforward process:
- Online Application: Apply for loans online anytime, 24/7.
- Product Variety: Choose from a range of low-interest loan products.
- Payment Convenience: Enjoy the convenience of various payment methods.
YesCash App Download
Downloading the YesCash app securely from the Google Play Store involves the following steps:
- Search for “YesCash.”
- Choose the official app developed by YesCash.
- Download and install the app.
Avoid downloading loan apps from unofficial sources to ensure security and reliability.
Contacting YesCash Customer Care
For inquiries or assistance, users can reach out to YesCash’s customer support:
- Email: service@yescashke.com
- Address: Consolata 464, Othaya, Kenya, 00100
Is YesCash Legit?
While Yes Cash offers accessible loan solutions, it’s essential to exercise caution and conduct proper research. Companies and their policies can change over time.
Individuals should engage with YesCash or any financial service prudently, ensuring a thorough understanding of terms and conditions before proceeding.
In summary, Yes Cash provides a user-friendly platform for Kenyan citizens to access cash loans conveniently. However, individuals should be diligent in understanding the interest rates, meeting eligibility criteria, utilizing the services responsibly, and contacting customer care for any inquiries or clarifications.
