How simple is the process?
• Download the Fanaka Loan Finder app
• Fill out our quick loan application in the Fanaka Loan Finder mobile app
• Verify your identity through our secure system
• Get cash sent directly to your M-Pesa instantly
Loan Applicant Minimum Requirement
* Age between 20 to 60
* Kenya Citizenship
* Kenyan ID holder
RATES AND FEES
The Loan App offer:
* Loan Amount: KES 2000 - KES 50,000
* Loan Term: the shortest tenor is 91 days, the longest is 365 days
* Interest rate: 1.3% per month, 16% per annum
* Service Fee: 0
Example:
Loan Amount = KES 2000
Loan Tenure = 365 days
Annual Interest Rate = 16.5%
Total Interest= KES 320
Service Fee= 0
Total Amount= KES 2320
Monthly Amount = KES 193
How do I repay my loan?
• Repay your loan with M-PESA Xpress the phone number you sign up with
• You can pay in full or make partial payments, anytime on or before your due date
• Easy repayment schedule keeps you on track with your payments
The benefits of Fanaka Loan Finder in-app features at your fingertips:
• Personal security PIN to ensure protection
• Easy repayment schedule that keeps you on track with your payments
• Millions of Fanaka Loan Finder customer success stories to inspire you on your journey