Zashloan is a mobile-based lending service that offers quick, hassle-free access to instant loans directly from your phone. With no need for paperwork, long queues, or stringent credit evaluations, the platform is built to provide fast, safe, and user-friendly borrowing for everyday financial needs.
Zash loan amounts available range from KSh 500 to KSh 200,000, and repayment durations extend from 91 days to 365 days, catering to both short-term and larger financial requirements.
Zashloan also features a competitive Annual Percentage Rate (APR), capped at 25%, making it one of the more affordable options for mobile borrowing in Kenya.
Loan Cost Illustration
For instance, if you take a loan of KSh 20,000 for 91 days, here’s how it breaks down:
- Monthly interest rate: 2.08% (based on a 25% annual rate)
- Monthly interest amount: KSh 416
- Monthly repayment installment: KSh 7,082.67
- Total repayable amount: KSh 21,248 (principal + interest)
Why Zash loan Might Be Right for You
Zash loan is designed with the borrower in mind, offering several key advantages:
- No need for credit history or scores
- Entire process is digital—no paperwork required
- No collateral necessary
- Loan approval and disbursement can happen in under a minute via M-PESA
- Accessible from anywhere across Kenya
- Enjoy higher credit limits with consistent, on-time repayments
- Flexible repayment methods
- Option to extend loan terms if you experience repayment difficulties
Read: Top 5 Mobile Loan Apps with Over 1 Million Downloads on the Google Play Store
Who Can Apply for a Zash Loan?
Zashloan eligibility requirements include:
- Be a Kenyan citizen or legal resident
- Aged between 18 and 60 years
- Have a reliable, verifiable source of income
Simple Repayment Methods
You can clear your Zash loan through the following channels:
- M-PESA Paybill: 733555 (Use your M-PESA number as the account number)
- Zashloan App: Use the integrated M-PESA Express payment feature
On-time repayments not only maintain your credit standing but also help you unlock higher loan limits on future applications.