MyKes Loan App [2021]- How To Apply, Repay, Interest rate, Contacts

MyKes Loan App Download

MyKes loan app is offered by MykeS. The MyKes loan app is available on the Playstore, is accessible to all Kenyans and has over 100K+ downloads as well as a 4.4/5 star rating with 8K+ reviews.

MyKes Loan App Download

Download and install the MyKes loan app from the Playstore.

Upon launch, you are required to read the full policy carefully then click on the checkbox and click ‘I Agree With’

On the next screen, you are required to read MyKes disclosure carefully to get a clear understanding of how MyKes collects, uploads, discloses, uses, protects or otherwise handles your information regarding the app.

Additionally, MyKes app will access your contact list to obtain names and phone numbers of all your contacts to be used for risk assessment as well as calculation of financial risk level of the borrower.

If you are comfortable with the above, check the checkbox and click ‘ I Agree With’ to proceed.

On the next screen, you are required to input your phone number then click send to receive a verification code via SMS

Copy the 6-digit code and enter it into the verification code field then click ‘Log in’

The subsequent screen will have a list of permissions required for MyKes loan app to access contacts, financial SMS information, accounts list information, location, installed applications, device info, storage information and camera.

Once you consent to the above, check on the box and click ‘Confirm’

How To Register For MyKes Loan

Click on ‘Apply Now’ to begin the registration process.

Firstly, you are required to provide:

  1. A) Basic information such as: full names (surname, given name & middle name), birthday, gender, current address, ID number, email address, marital status, educational background, religion and whether you have any outstanding loans.
  2. B) Job information such as: job type, monthly income, company name, company scale, industry, occupation, position level, work duration, company address, detail address, company phone number & salary pay date.
  3. C) Contact information for two emergency contacts detailing the full name, phone number and relationship
  4. D) ID Photo uploads for front, back and selfie

Once all the above have been provided, click on ‘Submit’ to finalize registration.

How To Apply For MyKes Loan

On the ‘My loan’ menu, your credit limit will be displayed as well as the loan repayment period. Use the slider to choose your desired loan amount then click on ‘Apply Loan’. A summary with your loan details will be displayed showing the loan amount, duration, administration fee, amount to be received, repayment amount, loan application date and due day.

MyKes loan amount, Interest Rate and Repayment Duration

MyKes offers a loan range of between Ksh1,000 to Ksh5,000 to be repaid within 7 days at an interest rate of 30%. However, borrowers should note that the interest rate is deducted prior to disbursement.

Example if you apply for Ksh1,000 you will receive Ksh700 after a deduction of Ksh300 (30%) as interest rate (administration fee)

How To Contact MyKes Customer Support

Email: help@mykes.co.ke

Phone: +254 769 767 096



Categories: Loan Apps

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