Kifaru Loan App, developed by Natal Tech Limited, is a digital lending platform in Kenya offering quick and convenient financial solutions to individuals in need of short-term loans. Licensed and approved by the Central Bank of Kenya (CBK), Kifaru Loan App provides loans ranging from KES 500 to KES 50,000 with flexible repayment plans spanning from 91 to 180 days.
Company Overview: Natal Tech Limited
Natal Tech Limited is a fintech company committed to providing accessible financial services to Kenyans. In January 2023, the CBK licensed 12 additional Digital Credit Providers, including Natal Tech Company Limited, bringing the total number of licensed DCPs to 22 at that time. This licensing ensures that the company adheres to the regulatory standards set by the CBK, aiming to protect consumers and promote transparency in the digital lending sector. This also confirms that Kifaru is a legit loan app in Kenya.
Key Features of Kifaru Loan App
- Loan Amounts and Terms: Users can apply for loans ranging from KES 500 to KES 50,000, with repayment periods between 91 and 180 days.
- Interest Rates: The Annual Percentage Rate (APR) varies from 36% to 72%, depending on the loan amount and repayment term.
- Service Fees: There are no additional service fees associated with the loans.
- Eligibility Criteria: Applicants must be at least 18 years old with National ID and active mpesa account to qualify for a loan.
Application Process
To apply for a loan through Kifaru Loan App:
- Download the App: The application is available for download on the Google Play Store. Or APK file
- Registration: Sign up using your M-Pesa number.
- Loan Application: Select the desired loan amount and submit your application.
- Approval and Disbursement: Upon approval, the loan amount is disbursed promptly to your M-Pesa account.
Repayment Options
Kifaru Loan App offers flexible repayment options:
- In-App Repayment: Users can repay their loans directly through the app via M-pesa express
- M-Pesa Paybill: Alternatively, repayments can be made using the M-Pesa Paybill option, providing convenience and flexibility to borrowers.
Customer Support
For assistance or inquiries, customers can reach out to Kifaru Loan App’s customer care through the following channels:
- Phone: +254 764221486
- Email: service@kifaru.loan.com
User Feedback
Kifaru Loan App has received positive reviews from users, highlighting its convenience, user-friendly interface, and efficient customer service. For instance, a user named Kenyatta Mwai stated, “This loan app is incredibly convenient! The process is simple, approval is fast, and the money arrives in just a few minutes. It really helped me out in an emergency. Highly recommended!”
Conclusion
Kifaru Loan App, under the stewardship of Natal Tech Limited, stands as a credible and efficient digital lending platform in Kenya. Its licensing by the Central Bank of Kenya underscores its commitment to regulatory compliance and consumer protection. With flexible loan options, transparent terms, and robust customer support, Kifaru Loan App continues to serve the financial needs of Kenyans, providing a reliable solution for short-term borrowing requirements.