Viva Loans offers you secure instant loans with an interest rate of up to 5% which is currently the market best in Kenya. Loan application process is also made very easy enabling anyone from all levels to apply instantly from the comfort of their Android device.
• No service charges
• Maximum Amount: $ 250,000
• Minimum Amount: $ 500
• Minimum Repayment Period: 90 days
• Maximum Repayment Period: 48 months
• Interest Rate:15%
• Maximum Annual Percentage Rate(APR):18%
INTEREST CALCULATION EXAMPLE:
If for instance initial Viva loan amount is $ 1,000,
And a Repayment period of 12 months,
With the APR (Annual Percentage Rate) = 18%
Interest will be calculated as follows;
Total Interest (1000*15/100) = $ 150
Sample Monthly Repayment (1000*1.18/12) = $ 95.83
Total repaid amount therefore ($ 1000 + 150) = 1150
INCREASE YOUR LIMITS EVERYTIME YOU CLEAR OUTSTANDING LOAN ON TIME.
Terms and conditions apply