Kopakash is Safe and Instant for your loan application. Your 24/7 Mobile loan provider
How do I proceed?
–Download and install the Kopakash App on your smartphone-Launch the App and register by providing your personal details
-View your loan limit and submit your loan request
Why use our app?-No registration fees, you just sign up and proceed to request a loan.-We don’t require any paperwork or security/guarantors-You can request a loan from any physical location without having to travel-Loan applications are processed within 2 minutes
-You receive the exact loan amount you apply for
Loan repayment– To repay, paybill number and provide the phone number you registered with as the account.– Loan repayments are made via M-Pesa and are applied instantly.– You may repay your loan before the due date and in instalments of any amount.
– Excess payments will be automatically applied to your future loan requests.
Need more time to repay? Loan extensions give you more control over your loan by letting you postpone your due date by 7, 14 or 30 days.
Repay on time and build a positive credit history – Timely repayment increases your credit limit and allows you to apply for higher amounts in the future.
Other lenders that provide mpesa loans to you include: tala, branch, Zenka Okash, pesazone, Kuwazo, Okolea, Kashway
RATES AND FEES
Loan amounts vary by country while interest rates and service rate (APR) are made to be flat rate regardless of the country.
Kenya:Loans Amount: range from Ksh 250 to Ksh 7,500Period – 70 days up to 180 days to full repayment.Interest rates: ranges from 15% – 29%,
Service rates ranges from 1% – 3%, which makes APR of 18% – 30%.
TanzaniaLoans Amount – range from Tsh. 25,000 to Tsh. 750,000Period – 70 days up to 180 days to full repayment.Interest rates ranges from 15% – 29%,
Service rates ranges from 1% – 3%, Which makes APR of 18% – 30%.
Example:
If you borrow 5,000/= on a 180 days repayment term, the Total repayment will be 5,450/= after the specified duration.
Contact information:Kopakash FinserveKCS building,Mama Ngina streetNairobi
Kenya