Zenka Loan App Download: Download, Install, Launch, Register, Select your Desired Loan Amount Boom you will be credited. These are what we are going to discuss in detail in this article.
Zenka Loan Loan App Download
Zenka loan app is free and can be downloaded from the google play store and can be used on android devices from version 4.4 and above. This Kenya mobile loan platform is widely used by everybody because of its fast processing of loan application forms.
Zenka loan mobile app allows its users to complete the whole borrowing process in the app making it easy, fast and convenient for them.
Of course, all of us likes simply things especially when it comes to urgent financial support. We will like to be attended to within a few couples of time.
In this case, the Zenka loan app got our back. The platform created an app to enable its users to apply for loans at their convenient time. With the app, the whole borrowing process is done from the loan application form to your loan disbursement.
How do I Download Zenka Loan App?
Downloading the Zenka app is very easy and simple. Here, I will be making everything clear to you, unlike other sites that make some procedures complicated.
But I will make it very clear for you so that you can be able to download the official Zenka loan app to avoid falling to scammers. So follow the procedures below to download the app.
- Go to the google play store
- Search for Zenka Loan App
- Allow it to load and display the results
- The app rates about 4 stars
- It has a yellow colour and white stripe design on it
- Yes, that’s the right one
- Click on install to automatically install the app
- Or you can simply follow the link below to download it.
Zenka App in Details
|App by||Zenka Finance|
|Android OS Version||N/A|
|App Apk Size||Varies with device|
How the App works
the Zenka app uses an algorithm to access the user’s credit profile, obtain the needed information concerning you and the way you handle loan repayment, that is check your credit score.
The information that they collect includes GPS data, SMS logs, call logs, device information, contact list, and repayment history.
How the Zenka Loan App collects the information from your mobile phone
The app accesses your phone and collects the information as discussed upon your request. They don’t the authority to access your mobile phone without your request.
But for you to be able to obtain a loan from any loan app you must grant them access to your mobile phone for them to collect these data to enable them to determine your eligibility. They use the collected data to also verify your identity.
NOTE: The data they collect from your via your mobile is secure and your identity protected. They don’t share with third parties.
How to register and apply for a Loan on Zenka Loan App
- After you must have downloaded the app, launch it.
- Register with your mobile phone number
- Fill in the format that is provided so that Zenka finance can conduct a review
- You will be prompted to fill in your name, National ID number, and date of birth
- For a moment for their feedback to continue your application
- As soon as your information is validated, you will be redirected to the loan offer page where you will borrow the loan
- Select your desired loan amount and wait for their approval.
- After the approval, they will credit you.
Penalties for late repayments
2% daily interest will be added to your outstanding loan if you default.
But the platform having known the situation on the ground in the country considers their customers by providing an option for loan extension for those due to one thing or the other are unable to clear their loan before the due date a chance to make repayment to avoid the default charge. You are given an extension of 7, 14 and 30 days.
How to apply for a loan Extension
- Launch the application,
- Select your extension term,
- Click on Extend now an extension screen and the details you need to fill in will appear
- Click on extend and follow the payment link.
After your extension is successfully processed, your loan repayment due date will be extended. Ensure to repay before the extended date.
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How do I increase my Zenka limit?
To increase your zenka loan limit, you must have a good credit score, keep your account active, borrow from Zenka regularly and transact more on Mpesa and keep your messages.
How much can I borrow from Zenka for the first time?
For the first time, you can borrow a maximum of Ksh 30,000.
How much does Zenka charge?
In the Zenka loan, the interest rate for 30 days repayment duration is 11%.
What is Zenka Mpesa’s paybill number?
The Zenka Mpesa paybill number is 979988
How do I log into Zenka?
Open the Zenka app, press sign, confirm the mobile number, press next, and finally input your 4 digits and click on sign in.