There are so many flexible loan repayment apps in Kenya, one wouldn’t know where to start especially if they are a newbie in the industry. The idea of going through all these flexible repayment apps is to educate you further. I have brought together 5 best flexible loan repayment apps in Kenya that you should use if you want to enjoy a stress-free repayment experience.
Understanding flexible loan repayment application
Financing is key to any business, and it is an area of importance. They have developed many apps to allow users to choose the comfortable time to repay their loan. People have been enjoying this feature while taking loans from different apps in Kenya.
Kenya is a competitive country. Businesses compete fiercely to gain dominance especially in industries like mobile money, online commerce and banking. In the wake of this intense competition, banks and loan companies have had to ensure that they stay ahead of their competitors since customers are becoming more fickle now. This was among the thoughts that led to the creation of these flexible loan repayment options. The platform has seen a lot of success since it came into existence. This has saved many by helping them choose when to make repayment and how to repay.
What are flexible loans
Flexible loans are loans that give you the power to choose your own repayment due date. This feature helps you select dates between 10 and 40 days to repay. They designed this flexibility to make it easier for you to repay early, increase your credit score and unlock more repayment features.
Read- Kenya School of Credit Management
5 Flexible loan repayment application
We have many flexible loan repayment apps in Kenya but we will list 6 out of them. They include:
Benefits of applying for flexible loans in Kenya
- Allows you pay at your own pace
- Helps you grow your a lot
- Helps you improve your loan duration with good credit scores
- Helps you avoid late payment
Conclusion
When many people get a loan from a financial institution, their repayments are limited to once or twice a month. But there are apps in Kenya that make it easier to pay your loan, even if you’re paid weekly. You can even choose to pay it biweekly.
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