Mobile Loan

Product Name: M-Cash loan

Repayment period:  2 months

Interest rate: 10% flat rate

Maximum amount: Ksh. 70,000

 

To apply, dial *882# or download Xmobi Customer app

 

Other details

* Security of the loan: Deposit

* Interest charged on default: 10% of outstanding balance

* Other costs: Network charges are borne by the applicant

* Top-up: Allowed at no extra cost but up to a maximum of Ksh. 70,000/-. The loans topped up must be paid within the initial due date ie, there is no extension for repayment.