When listing popular Instant mobile loan apps in Kenya today, you must also mention the Afri Kash Loan App. This app is an online platform developed by Afri-CAN SUN Limited. The app, just like any other mobile loan app, provides loans to customers within minutes after the application has been approved.

The primary aim of creating the Afri Kash Loan App was to give underserved and unbanked people a chance to access credit facilities without too many demands.

Many have achieved their dreams of starting a business through the app by receiving small loans that require no securities.

This article gives the process of applying for a loan and other procedures involved when using the app to make your loan application successful.

How to register on Afri Kash

To register on the app, you must first download and install it on your device, then create your user’s account. Below is the procedure for downloading the app.

Downloading the Afri Kash Loan app

You can download the app from their Website.

After installing the app, you must create your user account. This is where you will be accessing your services.

To create an account, follow the procedure below.

Creating an account on the Afri Kash loan app

• Open the Afri Kash App on your device
• Verify your phone number
• Fill in your details. (These details include your full legal name, ID number as well as year of birth)
• Submit three months’ Mpesa statements.
• The account will be activated after a short while

The Mpesa statements you submit will be used to analyze your loan limit. The frequency and amount of transactions you make through your Mpesa are used to determine your ability to repay the loan.

When borrowing from the app, note that the interest rates vary depending on the loan period.

To borrow from the Afri Kash loan app, follow the following procedure.

Borrowing from Afri Kash Loan App

• Open the app on your device
• Log in to your account
• Select the amount you need as a loan. (Should be equal to or less than your loan limit )
• Submit the loan application

Once the application has been processed and approved, you will receive the money through the Mpesa number you used to register on the app. The application will only be accepted if you have applied within your loan limit and have a good borrowing record.

The loan should be repaid on time to avoid having a negative credit report by the CRB. Regular borrowing and timely repayments contribute to increasing your loan limit. This means that the more you borrow and repay on time, the more you can borrow from the app.

To repay the loan, you need to follow the procedure below.

Repaying a loan from Afri Kash Loan App

• Go to the Mpesa menu
• Select Lipa Na Mpesa
• Select PayBill
• Enter 571485 as the PayBill number
• Enter your phone number as the account number(It should be the number verified by the Afri Kash app)
• Key in Amount. (Enter the amount of loan you want to repay)
• Enter Mpesa pin
• Press Okay to complete the transaction.

Once the transaction is successful, you will receive a notification from Mpesa and Afri Kash Loan App showing that you have successfully repaid your loan.

You now have the processes involved when applying for and repaying your loan on Afri Kash Loan App. The app is a must-have for small-scale business persons in urgent financial need.

However, it should be noted that loans should only be taken and used for the right purpose. Bad borrowing habits might affect your future financial assistance if you fail to pay and are listed as a defaulter by the CRB.

If you have an app issue requiring technical assistance, contact the Afri Kash help team at [email protected].

If the Afri Kash loan app does not suit your needs, you can try other platforms offering instant financial aid. These platforms include HF Whizz, an online instant loans application the Housing Finance Corporation developed.