Credit Hela Loan is a mobile loan app that provides quick and easy loans to Kenyans. If you are looking for a reliable and convenient way to access credit, Credit Hela might be the app for you. In this blog post, we will explain the benefits, requirements, interest rate, how to apply and customer care of Credit Hela app.
Benefits of Credit Hela Loan
– Fast and easy: You can apply for a loan anytime, anywhere with just a few clicks on your phone. The app processes your application within minutes and disburses the money to your M-Pesa account.
– Flexible and affordable: You can choose a loan amount from Ksh 1,500 to Ksh 12,000 and a repayment period from 91 days to 365 days. The interest rate is as low as 0.05% per day and there are no hidden fees or charges.
– Safe and secure: The app protects your personal and financial information with encryption and privacy policies. The app also complies with the Data Protection Act of Kenya and does not share your data with third parties without your consent.
– Rewarding and loyal: The app rewards you for timely repayments and referrals with higher loan limits and lower interest rates. You can also access other financial services such as savings, insurance and investments through the app.
Requirements of Credit Hela Loan
To qualify for a loan with Credit Hela app, you need to meet the following criteria:
– Be at least 18 years old
– Have a valid national ID
– Be a registered Safaricom subscriber
– Have a bank account
– Have an Android phone with internet connection
Interest Rate of Credit Hela Loan
The interest rate of Credit Hela app varies depending on the loan amount and repayment period. The maximum interest rate is 18% per year, which translates to 0.05% per day.
For example, if you borrow Ksh 2,000 for 120 days, the total interest you will pay is Ksh 120 (Ksh 2,000 x 0.05% x 120). The monthly interest you will pay is Ksh 30 (Ksh 2,000 x 0.05% x 30). The monthly repayment amount including principal and interest is Ksh 530 (Ksh 2,000 / 4 + Ksh 30). The total repayment amount including principal and interest is Ksh 2,120 (Ksh 2,000 + Ksh 120).
How to Apply for a Loan with Credit Hela Loan
To apply for a loan with Credit Hela app, follow these simple steps:
– Download the app from Google Play Store
– Register with your phone number and national ID
– Fill in your profile details and bank account information
– Choose a loan amount and repayment period
– Submit your application and wait for approval
– Receive the money in your M-Pesa account
See also: How To Apply For Mpower Study Loan
Customer Care of Credit Hela Loan
If you have any questions or issues regarding the app or your loan, you can contact the customer care team through the following channels:
WhatsApp number:+254 780 230 128