Loans Chap Chap 2.5.9

How simple is the process with Loans Chap Chap?

1. Download the Loans Chap Chap app from Playstore.
2. Create an account or log in if you already have an account.
3. Complete your profile and submit it for review.
4. Fill out the loan application in the Loans Chap Chap mobile app.
5. Verify your loan application.
6. Once the loan is approved, it will be disbursed to your mobile phone.

How to repay your loan with Loans Chap Chap?

Customers can enjoy a preference for loan terms of up to 90 days.

• 90-day loan payment terms have a one-time fee of 12.5%*
• Grow with Loans Chap Chap and build your limit up to KSh 50,000 by making your loan repayments on time and frequent borrowing.
• For example, for a 90-day loan with a principal amount of KSh 1,000, the service fee would be KSh 250, and the total amount due would be KSh 1,250.

Depending on the loan amount for which you have qualified, you can choose repayment terms of up to 90 days. Customers can select a term as short as 61 days.

1. Repay your loan with M-PESA through our Paybill No. 593796, where your mobile phone number you signed up with serves as the account number or use M-PESA Xpress.
2. You may repay the loan at any time on or before its due date. You may make partial payments provided you clear the loan balance before the due date or repay it in full.

Loans Chap Chap Lending Terms;

You can increase your loan limit up to KShs.50,000.00 by consistently keeping the app installed and making your loan repayments on time. The interest rate chargeable on your loan depends on your repayment preference:

1. A minimum of a 61-day repayment period attracts an interest rate of 15%.
2. A maximum of a 90-day repayment period attracts an interest rate of 18%.
3. Over a 90-day repayment period attracts an interest rate of 19%.

A late fee of 8% of the principal amount and interest may be applied to loans past due.

Effective APR: 25%

Privacy and Permissions:

We take privacy very seriously, and your personal information will never be shared without your direct permission.

Terms and Conditions:

Loans Chap Chap charges an interest rate of 5%-15% of the principal amount. The repayment schedules vary depending on your repayment preference. There is no minimum payment period for repayment. A late fee of 8% of the principal amount and interest may be applied to loans past due. No other fees will be charged after this time. Additional terms and conditions apply.

Do you have any questions? Please visit www.itech-developers.com to check out our FAQs.

Ready to get started? Download the Loans Chap Chap app and apply for a loan today.