Can’t Repay Loan Apps On Time?? Here Are The Penalties.

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1. Mshwari

Upon the lapse of the 30 day repayment period, a rollover fee of 7.5% is effected on the next day.
If you fail to pay for a period of 60 days even after effect of the rollover fee, upon repayment you will not be able to access any other loan until the lapse of a 30 day period.

2. Branch

Upon the lapse of the 30 day repayment duration, upon repayment, you will not be able to access any loan for a duration of 7 days and also your loan limit will be reduced.

3. Saida

Upon the lapse of the 30 day period, you can,request for an extension period through the app which ranges between 2 days to 7 days.
No penalties are charged for repayments within these grace period.

4. Tala

Upon lapse of the 30 day period, you will be issued a grace period of 7 days upon which a penalty fee of 5% will be charged on the outstanding loan amount.
No penalties are charged for repayments within these grace period.

 



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25 replies

  1. 0712282405

  2. May I ask for a loan because I have an emergency issues for my affairs if considered i will pay as per the condition thanks in advance

  3. Good advices

  4. how do i know am listed by crb

  5. I Like It

  6. how long will crb clear someone after paying m~shwari loan

  7. Due to late payment of my loans, i havn’t been able to access loans & my loans limit is still zero even after saving more since last year.What can i do?pliz help.

  8. Please help me to get a loan from-shwari loan.

  9. Kindly I failed to repay my M-shwari loan in time, which lead to be blacklisted by cab, even after the l cleared it have not been able to make request for loans, How can I be helped

  10. can one get a loan if he is blacklisted by CRB? please help me understand this….are you registering airtel kenya as well as I have not seen it in the list

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