Fadhili Loan App – How to Apply for Loans

Fadhili Loan App - How to Apply for Loans

If you’re new to Kenya, you might be wondering where you can get some extra cash when you need it. There are many loan options available, but not all of them are equal in terms of the interest rate they charge and how easy they are to apply for. The Fadhili loan app can solve this mystery get a Fadhili Mobi loan today.

The Fadhili App makes applying fast and simple and gets you answers in just minutes, so you can spend less time worrying about money problems and more time working on the business of your dreams. Here’s how to apply with the Fadhili Loan App.

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Fadhili provides loans ranging from ksh300 to ksh100,000 sent to a borrower’s Mpesa account within minutes after the application approval. With the Fadhili loan app, you have to pay ksh350 for your  Fadhili account to be active!  Let’s dive into the Fadhili loan application.

Its good to note that, the Fadhili loan app is not among the loan apps in Kenya without a registration fee. But it’s among loan apps in Kenya without a CRB check.

Fadhili Loan App- Downloading and Registering

  • Download Fadhili Loan App from the play store 
  • Fill in the required mandatory details 
  • Confirm your phone number 
  • Pay the required registration amount via Mpesa.
  • After payment, your account is activated

How to Apply for Loans Using Fadhili Loan App

  • Log into the loan app
  • Select Apply loan
  • Enter the amount you want to borrow 
  • Select the duration of repayment 
  • Enter referee details and submit 
  • Wait for loan to be disbursed

Fadhili loan application is simple, quick, and easy. Give it a try today.

How to repay Loans from Fadhili App 

  • Go to Mpesa menu (Safaricom) 
  • Select Lipa Na Mpesa 
  • Then Paybill 
  • Enter business number 995321 (Fadhili mobile pay bill number)
  • Enter your phone number as Account number 
  • Enter amount of loan to repay 
  • Enter your Mpesa PIN and submit 
  •  

Fadhili customer care Number 

In case of any issue with the Fadhili loan,

  • Write a message within the loan app
  • Or Call 0720686009

Fadhili loan app download for android is quite simple. Actually, it’s just a click. Are you in need of instant mobile loans in Kenya? Try the Zenka loan app today.

Term definitions

  1. Loan Application
    The loan application is a document submitted to a bank or lending institution requesting a loan. In order to qualify for a loan, you need to provide documentation showing proof of income, assets, and liabilities. You may also have to submit a credit report if you want to borrow money.
  2. Credit Report
    A credit report is a record of your financial history maintained by a credit reporting agency. A credit report contains information about your payment history, outstanding debts, and any collection accounts. If you apply for a loan, the lender will request a copy of your credit report before approving your loan.
  3. Income Statement
    An income statement shows how much money you make each month. An income statement includes two parts: revenue and expenses. Revenue is the total amount of money you receive each month. Expenses are the total amount of money spent each month. Your net income is what’s left over after subtracting your expenses from your revenue.
  4. Balance Sheet
    A balance sheet lists your assets, including cash, investments, property, vehicles, furniture, and anything else of value. Assets represent something of monetary worth. Liabilities are the opposite; they show how much debt you owe. When you take out a loan, you become indebted to the lender. The lender owns the asset (the car) until you pay off the loan. At that point, you own the asset again.
  5. Cash Flow Statement
    A cash flow statement shows how much money comes in and goes out of your business. It helps you understand where your money is going. It also helps you determine whether or not you’re making enough profit to cover your costs.

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