How it Usawa Loans works？
1. Install the Usawa Loans app from the Play Store.
2. Register an account.
3. Fill out your basic information, then submit the application.
4. Sign the loan agreement after the approval.
5. After signing, the approved loan amount will be disbursed into your account within 10 minutes and a SMS notification will be sent.

As a lending service platform, Usawa Loans will charge different fees according to the product you choose, which costs are used for credit score assessment, account management and third parties
For example:
Loan terms:
Loan Amount: from Kes.1,500 to Kes. 47,000.
Processing Fee: 5% of principal amount with minimum amount kes 60 and maximum amount kes 600.

For instance, 91 day loan with a principal amount of kes 3000, the Commitment fee would be kes 100 and the interest would be kes 201.64 and the total amount due is kes 3301.64 and monthly payment kes 1605.82.

Tenure:
The shortest tenor is 91 days, the longest is 365 days
Interest Rate: 12.5% per annum.
Commitment fee Ksh. 95 - Ksh.110

Repay on time and build a positive credit history
Timely repayment increases your credit limit and allows you to apply for higher loans credit in the future.

Terms and conditions apply