All about loans in Kenya
Unlike traditional money lenders whose loans come with stringent conditions, mobile loan apps are easily accessible to anyone with a mobile phone. They offer convenience, require no paperwork and provide instant results. Many young people are sold on this factor and that is one of the reasons why the appetite for loans is in the […]
Millions of people have used Loans to start and expand businesses, pay for school and cover emergency medical bills. But it’s important to remember that a loan is a financial tool. And like any tool, there are ways to get most out of it. Here are some tips to maximize the impact of your loan. […]
When managed responsibly, a personal loan can be one of the best ways to relieve financial burdens and set yourself up for success. It’s an easy way to cover a down payment, handle an emergency, or take your family on a vacation. A personal loan, however, can also be challenging to manage—especially if you’re new […]
Getting a bank loan approved is not the easiest process. Due to the recent economic troubles experienced in Kenya, lenders are demanding for a lot more in a loan applicant hence becoming stricter. While there are few key areas lenders will be focusing on, it is important that are ready to present the perfect, complete […]
It’s critical that you have a clear repayment plan, whether you’re looking to take out a personal loan to consolidate debt, finance a home improvement, fund your next big trip or pay for a cross-country move. How much do I need? The first step in choosing a personal loan is knowing how much you need. The smallest personal loan sizes begin at […]
It is becoming increasingly complex worldwide to secure employment opportunities without a diploma or a university degree. At most times, it is even more challenging for a student to complete their education due to the high cost of education involved. As a result of this issue, every parent, guardian, and student needs to understand there […]
Do: Check your credit reports Your credit score and credit history are major determinants in how you receive on a personal loan. Banks use credit as a barometer for risk. If you have made payments in a timely fashion before, then you are more likely to repay your loan. Therefore, the better your credit, the higher […]
Minimum and Maximum Amount You Can Borrow When choosing a personal loan product, you also need to consider whether the minimum and maximum loan amount given matches your needs. One thing you need to keep in mind when it comes to the minimum and maximum loan amount is that bigger is not always better. Just […]
How to access student loans is what every student should learn how to do in case of any future emergency. Education is an investment, and it is often worth it to borrow money to finance your studies. If you cannot pay for college through scholarships and work-study programs, you may be required to take out a student […]
How do you get a penalty waiver for HELB? One of my plans was to wait for HELB to announce a waiver, in which case I would liquidate one of my short-term investments and use the money to clear my loan. One of the things I noticed about the new HELB students’ portal and the app is that all loanees are […]