What are the eligibility criteria for applying for a loan in Kenya without CRB record checking application? - FairKash+ Loan

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What are the eligibility criteria for applying for a loan in Kenya without CRB record checking application?

Loan apps in Kenya that offer loans without CRB record checking often have alternative eligibility criteria. While these criteria may vary among different providers, here are common factors considered for eligibility:

  1. Alternative Credit Assessment: These apps might use alternative data sources (such as mobile money transactions, bill payments, etc.) to assess creditworthiness rather than solely relying on CRB records.

  2. Stable Income Source: Applicants may need to demonstrate a stable income source or employment to ensure their ability to repay the loan.

  3. Identification Documents: Valid identification documents like a national ID, passport, or other official identification may be required for verification purposes.

  4. Age Requirement: Applicants usually need to be within a specified age range (often 18 to 55 years) to qualify for the loan.

  5. Residency: Some loan apps might require applicants to be Kenyan residents or have a specific length of residency.

  6. Active Mobile Money Account: Possessing an active mobile money account (e.g., M-Pesa) might be a requirement for loan disbursement and repayment.

  7. Previous Loan History: Some apps might consider an applicant’s previous loan history with them, focusing on repayment behavior rather than CRB records.

    FairKash+: online cash loan

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    In Kenya   V 4.0.2

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  8. Meeting Minimum Income Threshold: Some apps may specify a minimum income threshold that applicants need to meet to qualify for the loan.

It’s important to note that each loan provider may have its own set of eligibility criteria, and meeting these criteria doesn’t guarantee approval. Applicants should review the terms and conditions of the loan app thoroughly before applying to understand the specific eligibility requirements.

FairKash+: online cash loan

Free

In Kenya   V 4.0.2

5.0 (1 million +)

Security Status

for Android

FairKash+:

online cash loan

for Android

Free

In Kenya   V 4.0.2

5.0 (1 million +)

Security Status

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