FairKash+ is an online personal loan solution designed to offer quick access to unsecured loans with an emphasis on transparency and affordability. Operated by FairKash in Kenya, this innovative app provides borrowers with credit up to KSh 60,000 with flexible repayment terms ranging from 91 to 365 days. With minimal documentation required, FairKash+ streamlines the entire borrowing process, using advanced machine learning algorithms to gauge your creditworthiness based solely on your digital financial footprint. This makes it an ideal option for anyone seeking a fast, paperless loan without the need for collateral.
Key Features of FairKash+
- Simple and Fast Application: Register online and complete a short form to get an instant loan decision—often within five minutes.
- Flexible Loan Amounts: Borrow anywhere from KSh 500 up to KSh 60,000, depending on your credit profile and repayment capacity.
- Affordable Interest Rates: With monthly interest rates ranging from a minimum of 1.8% up to 6%, FairKash+ offers competitive pricing in the digital lending space.
- Transparent Terms: All fees and interest charges, including a fixed processing fee (typically around 20%), are disclosed upfront for complete transparency.
- Digital and Paperless: The entire process—from application to disbursement—is fully digital, eliminating the need for physical paperwork.
- Secure and Reliable: Employing robust encryption and advanced data analytics, FairKash+ ensures both security and efficiency in every transaction.
Eligibility Criteria
- To qualify for a FairKash+ loan, you should:
- Be a Kenyan citizen aged 18 or older with a valid mobile phone number and active M‑Pesa account.
- Own a smartphone with internet access to download and operate the FairKash+ app.
- Provide digital verification details, including a recent M‑Pesa statement, to verify income.
- Possess an acceptable credit profile