KENYA TERMS AND CONDITIONS

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TERMS AND CONDITIONS

To acquire a loan from us, one is required to First acquire SHARES (membership fee) of at least Ksh.1,000 and a maximum of Ksh.25,000.

The one-time Shares are Inevitable because we use them to obtain your credit score history from the relevant lending organizations and therefore determine your starting Loan Limit. Note that without shares your loan limit is Zero.

Also, NOTE that the shares remain in our servers and are guaranteed an interest of 25.5% per annum.

LOAN CALCULATIONS

You will qualify for a loan of 20 times your SHARES.

Example;

 If you choose to join us with Ksh.1,000 [which is the least, you will qualify for a loan of (1000 ×20) + K1,480 or above the disbursement requirement which equals Ksh.21,480 ascendingly.

 If you choose to join with K25,000 [which is the highest amount, you will qualify for a loan of (25,000 × 20) + K22,980 or above disbursement requirement which equals K522,980. You are free to join with any other amount between Ksh.1,000 - Ksh.25,000.

The Disbursement requirement is used to initiate your Loan disbursement to your number or bank account provided. 

INTEREST RATES

Loan repayment is done monthly and the period for loan payment will depend on the amount of money borrowed. The affordable interest rate of 7.5% applies to the principal amount [amount of loan applied for].

LOAN PROCESSING.

Your first loan will be processed and approved within 10 to 20 MINUTES upon filling the loan form with your correct details, successful submission of your shares and/or requirement acquisition then sent to your Bank account or telephone number provided in your loan form after 45 minutes foreign exchange verification and insurance submission upon successful disbursement requirement acquisition and initiation. 

LOAN REPAYMENT 

Once loan disbursement is successful, a system-generated pay bill and account number are sent to your mobile number which you will use to channel all monthly loan installments. You will have to wait one month after your Loan disbursement before repaying. Loan repayment should begin exactly 30 days after receiving your loan amount. 

LOAN APPLICATION FORM 

Upon wanting to Apply for a loan with us, you will be issued a loan application form. 

NOTE: Ensure you have your shares fee with you.

Once you are done filling out the loan application form, your details will be verified. You will be issued with the shares submission procedure, which should be completed within 30 minutes after filling out the form Please note that your application shall remain DORMANT upon failure to submit shares within 30 Minutes after filling out our loan form. 

Our Loan forms are ONLY  meant for loan purposes, Please do not fill out the application form if you are not ready to do your application to help us in saving space. 

APPLICATION FORM ACQUISITION

 If you are comfortable with our terms and ready to do your application ensure you have a duly registered Airtel money or Mpesa sim card loaded with the amount of share (any amount between Ksh.1,000 to K25,000) then click here to request the Loan application form from our customer care representative. 

I.e Remember to attach a copy of your Identification document (ID)

CONCLUSION

You are free to make any inquiry as you look forward to joining the Best Online Financial Institution In East, Central, and Sub-Saharan Africa  

Email: fanakaafric@gmail.com

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Reach out to our customer care team @care.fanaka

Website: fanakacredits.club

CUSTOMER SATISFACTION IS OUR NUMBER ONE PRIORITY