CloudLoan

Description

CloudLoan is only available to those 18 and older. Services are only available within Kenya.
We aspire to provide users with safe, convenient and secure cash or online cash loans.


Requirements to borrow
1. Be a kenyan citizen
2. M-pesa account
3. Download the application and fill out your application
4. Age above 18 years

STEPS TO GET A LOAN:
1. registration
2. Select loan amount and apply
3. Approval
4. Payment to your M-pesa account
• Make timely loan repayments or complete limit increase tasks to build your credit line and lower interest rates.

Advantages of CloudLoan:
1. High Loans Amount: Ksh3,000 to Ksh80,000
2. Long Loan Tenure: 91 days ~ 365 days
3. 100% online process and 24x7 access to loans
4. Computer automatically reviewed
5. Unsuccessful application will not incur any fees
6. Customers’ information is safe
7. No credit history required

Loaning, interest rates,Service fee,repayments
The Loan App offer:
Loan Amount: KES2000 - KES 70,000
Loan Term: 91 - 365 days
Service Fee: 6%
Maximum Annual Percentage Rate (APR): 20%

Example:
If the loan amount is Ksh 20,000 and the APR is 10% per annum with a tenure of 180 days, the services fee is 6%:
Interest = Ksh 20,000 * 10% / 365 * 180 = Ksh 986
Service fee = 20,000*6% = Ksh 1200
You will get Ksh 20,000 and should repay Ksh 22,186 (20,000 + 986 + 1200)
The monthly payment would be Ksh 3698 (22,186 / 6)



CONTACT US
Customer Service Email: [email protected]
Address: Waira building P.O Box 1001, Ruiru, Kenya, 00232