BoomKash Loan App: Your Reliable Financial Solution

1.4.7
Download
4.6/5 Votes: 5
Developer
Boom Kash devs
Updated
August 13, 2023
Size
7 Mb
Version
1.4.7
Requirements
5.0+
Report this app

Images

Description

When unexpected expenses arise, having access to a reliable source of funds is crucial. This is where BoomKash Loan App steps in, offering a seamless solution to your financial needs. With loan amounts ranging from KSh 1,500 to KSh 85,000 and a flexible loan period of 91 to 365 days, BoomKash has become a lifeline for many Kenyans seeking quick and convenient financial assistance.

Loan Features at a Glance

  1. Loan Amount: KSh 1,500 – KSh 85,000
  2. Loan Period: 91 days – 365 days
  3. Maximum Loan Limit: Ksh 85,000
  4. Low Interest (Maximum APR): 48% per year

An Example of How BoomKash loan App Works

To better understand how BoomKash’s loan system functions, consider an example: For a loan of Ksh 20,000 with a term of 91 days, the breakdown of fees is as follows:

  • Monthly Interest Rate: 48% / 12 = 4%
  • Monthly Interest: Ksh 20,000 * 4% = Ksh 800
  • Total Monthly Payment: Ksh 20,000 / 3 + Ksh 800 = Ksh 7,466

Thus, the total repayment bill, including the principal and interest, amounts to: KSh 20,000.00 + KSh 2,400.00 = KSh 22,400.00

Eligibility Criteria

BoomKash extends its services to eligible individuals, requiring the following criteria:

  1. Kenya Resident with Registered M-Pesa Number
  2. Age 18 and Above
  3. Memiliki Penghasilan Tetap (Steady Income)

How Does BoomKash loan App Work?

  1. Install the BoomKash App: Download the app from third-party sources.
  2. Register an Account: Sign up for a BoomKash account.
  3. Provide Required Information: Fill in the necessary details.
  4. Select Loan Amount: Choose the desired loan amount.
  5. Loan Agreement Confirmation: Upon agreement confirmation, you’ll receive a notification about your loan eligibility. If approved, the loan amount will be disbursed to your account, and an SMS notification will be sent.

Customer Care for BoomKash Loan App

We understand that you may have questions or concerns. Our dedicated customer care team is here to assist you:

FAQs

Q1: Can I apply for a loan if I don’t have an M-Pesa number? A1: Unfortunately, an M-Pesa number is a mandatory requirement for loan eligibility.

Q2: What happens if I miss a payment? A2: Missing payments may lead to additional charges and a negative impact on your credit score.

Q3: Is my personal information safe with BoomKash? A3: Yes, BoomKash takes your privacy seriously and employs strict security measures to protect your data.

Conclusion: Your Financial Partner

BoomKash Loan App stands as a reliable partner in times of financial need. With flexible loan terms, transparent fees, and a dedicated customer care team, BoomKash is committed to providing you with a seamless borrowing experience. Whether it’s an unexpected expense or an opportunity you can’t miss, count on BoomKash to support your financial journey. Install the app today and take a step toward a brighter financial future.

Leave a Reply

Discover more from Download App Android free

Subscribe now to keep reading and get access to the full archive.

Continue reading