Cashsea loan app is provided by Cashsea. The Cashsea loan app can be downloaded from the Playstore, is accessible to all Kenyans and has over 50K+ downloads with a 3.5/5 star rating with 100+ reviews.
Cashsea Loan App Download And Registration
Download, install and launch the Cashsea loan app.
Accept the various permission requests which include access to contact list, financial SMS, phone details, installed apps, camera, location, 3rd party accounts, storage, media/photo files and calendar info.
Click on ‘Borrow Money Now’
Enter M-PESA mobile number
Enter OTP sent via SMS to the above submitted phone number.
Click ‘Borrow Money Now’ again
Fill in your basic info as well as upload KYC documents for identity verification purposes. Such information include;
Personal info; 3 names, national id number, gender, birth-date, education, marital status, city of residence, residential address and email address.
Contact info; 2 contact persons indicating their relation to you, their phone number and full names.
Work info; work status and monthly income.
Proceed to take a picture of both the front and back of your national ID card for submission.
How To Apply For Cashsea Loan
On the loan application screen, your loan limit will be displayed detailing the loan period, amount to be received/repaid, interest amount & service fee. Proceed to click on ‘Borrow Money Now’.
Your credit score will be displayed then click ‘Continue’ to finalize the loan application process whereby a notification will state that your loan status is under review.
Cashsea Loan Amount, Interest Rate And Repayment Duration.
Cashsea loan amount starts from Ksh2000 to be repaid after 7 days at a 30% interest rate.
Computation Of Loan Amount Applied vs Interest Rate vs Amount Received
|Amount applied (Ksh)||Interest (Ksh)||Amount to be received (Ksh)|
|2 000||600||1 400|
|5 000||1 500||3 500|
|7 000||2 100||4 900|
|10 000||3 000||7 000|
|15 000||4 500||10 500|
How To Contact Cashsea Customer Support