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Guide to Moneza Loan App Download and Application In Kenya

If you want to access loans from Moneza,then continue reading because this article will provide guidance to both Moneza loan app download and loan application process.Read: New Loan Apps in Kenya What is Moneza Moneza is a tech based lender  providing loans via a mobile loan app.In order to bridge the wide gap of short term loan shortages in Kenya jumped in to add to the already existing mobile loan apps in the country.The lender took a further step to incorporate Artificial Intelligence (AI) in handling  customers which aid in achieving high efficiency than any digital credit provider.Moneza does give loans via an android app. The app is not on Google play store but the APK files are hosted on moneza.ke website.Moneza Loan Features (Loan Limits, Interest Rates)Moneza loan limits ranges from KES 1000 to KES 30,000. The amount given to a customer will depend on how qualified he or she is.The lender charges an interest rate of 778% per year maximum APR.As promised at the beginning of this article,let me take you through the moneza loan application and download guide; Moneza Loan Application and App Download GuideThis guide will involve the following steps; Moneza loan app APK download Customer account registration Loan application Loan Disbursement Loan Repayment Ready? Let's get started 💪 1. Moneza Loan App APK Download The first step to access loans from this lender is to download Moneza loan APK app.As already mentioned earlier, there's no moneza app on Google play store and that's why customers will have to use the APK files available on Moneza limited (LTD) Kenya website.Once you successfully install the app into your smartphone you can proceed to the next step.2. Customer Account Registration A customer will have to sign up with Moneza. By opening the app you will be required to provide your Mpesa personal number,verify it and then provide tou personal details including you name and ID numbers.3. Loan Application  Immediately you complete creating your account, Moneza app will award you with a loan limit. Moneza loans ranges from ksh1,000 to ksh30,000 and the interest rate is 778% per year maximum Annual Percentage Rate (APR).You will then be able to submit your loan application and wait for the final decision.4. Loan Disbursement Approved loans will be disbursed directly to the customer's Mpesa wallet.You will have up to 61 days to pay the loan.5. Loan Repayment Moneza loan payment duration is from 30 days to 61 days.Once you receive the loan, prepare to pay back.Loan repayment is done from within the app via Mpesa Xpress without using Moneza paybill number.A customer can choose to make a full payment in 30 days or pay half in 30 days and pay the remaining half in the next 30 days. Once your loan is cleared, you can make a new loan request.Conclusion While I don't highly recommend using loan apps as a source of credit, Moneza can serve the purpose when short term financial need arises.With this guide, a customer can safely navigate through the moneza loan app download and loan application process in Kenya.