The credit company has increased the speed of processing asset financing credit to just six hours, making it the fastest loan service.
Switch and Save enables customers unable to reach favourable terms with their lenders to transfer the credit facility to Mwananchi Credit.
Credit providers have tightened terms and conditions to lockout borrowers perceived to be high-risk, while others have suspended lending.
Under the arrangement, Mwananchi Credit pays the difference in price between old and new vehicles and the car owner repays in installments.
Existing customers servicing their loans will get rebates on repayment for one month, meaning they won’t pay interest for at least one month.
Processed in under 10 minutes, it is the fastest loan in its credit portfolio and arguably one of the fastest in the digital...
We all find ourselves in need of financing for hospital bills, school fees, funeral expenses or court fines among others.
Financial technology and planning have evolved giving Kenyans a flurry of options that they can deploy at their own convenience
Micro-lenders are effectively filling the gap left by over-cautious commercial banks and saccos in the credit market.