Mb kash loan app review; interest rate how to apply and is it legit - Startuppreneur
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Mb kash loan app review; interest rate how to apply and is it legit

Mbkash is an international loan app, they target many countries such as Nigeria, South Africa, Kenya , Mexico and Philippines. Their loan processing is very fast within 10 minutes of submitting application your loan will be disburse. You don’t need to go to any location with just your phone you are good to go.

Requirement to obtain loan from Mbkash laon app

To obtain loan from this loan app their are some requirement you need to meet up with which are

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Have good credit score

Be above 18 years of age

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Have source of income

Have smart phone with which to download the loan app

How to apply for mbkash loan

The first step to take is to head over to play store and download the loan app

Register with your names and other details

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Once you are done with registration you will be login to your dashboard

On your dashboard locate and click on loan

There you will see amount of loan you are eligible to obtain

Click it and wait for disbursement

How much you can obtain from mbkash koan app

The loan to obtain from this loan app varies by country

In Nigeria

You can obtain from #5,000 to #350,000. The processing fee is 5%

In Kenya
You can obtain from kes 1,500 to kes,100,000. The loan processing fee is 5%

In South Africa
You can obtain from R230 to R. 15,000. The loan processing fee is 5%

In Mexico
You can obtain from $300 to $19,500 with loan process fee of 5%

Mbkash loan Interest rate and repayment period

Mbkash loan Interest rate is between 5% to 15% depending on the amount of loan obtain and the repayment period. Repayment period is between 60 days to 1 years also depend on the amount for loan obtain

What will happen if I default or refuse to pay back

If you default you will be punish with increase in your loan Interest rate which is usually 2%. If you refuse to pay back your name and other bank details will be sent to appropriate authority.

Is mbkash loan legit

Yes mbkash loan is legit, they have given loan to many people in deferent country. But in Nigeria they are not license by CBN so exercise caution when taking loan from them.

Also this loan app charges processing fee so check very well belfry you take loan.

Conclusion

Above is how to obtain loan from MBkash, as you can see they do give out loan, but exercise caution when taking loan from them, you can apply for small loan to test them out. also do not take loan that you can not pay back to avoid embarrassment.

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