InstarCash - Borrow Ksh 50,000 1.1.1

Instar Cash is a user-friendly financial application that allows you to conveniently apply for loans. Here is a step-by-step guide on how to use Instar Cash:

1. Download and install Instar Cash from the Google Play Store.
2. Create an account by providing the necessary information.
3. Complete the application form by providing your basic information.
4. Once your application is approved, sign the loan agreement.
5. Within 10 minutes of submitting your application, you will receive the approved loan amount.

When using Instar Cash, there are certain eligibility criteria and loan terms you need to be aware of:

• Loan request: You must be at least 18 years old.
• Loan limit: The loan amount ranges from 1000 to 20000Ksh.
• Loan duration: The shortest loan duration is 91 days, but it can be extended up to 12 months based on your credit score.
• Annual interest rate: The interest rate ranges from 12% to 25%.

Let's consider an example of how the loan works:

• If you borrow 1000Ksh for a period of 12 months at an interest rate of 18%,

The calculation will be as follows:

• Total interest for 12 months: 1000 x18% = 180 Ksh.
• Monthly interest expense: 180/12 = 15 Ksh.
• Amount received: 1000-180 = 820 Ksh.
• Monthly repayment amount: 1000/12 = 84 Ksh.
• Total repayment: 1000 Ksh.

Remember, maintaining a good credit history is important. Make sure to pay your bills on time as this will increase your credit limit and enable you to apply for higher loan amounts in the future.

If you have any inquiries or need assistance while using Instar Cash, our dedicated customer service team is available to assist you. You can reach out to us via email at [email protected].

Address: Britam Tower 3rd floor Longonot Rd, Nairobi, Kenya