From Ksh 800 up to Ksh 10,000.
It covers the cost of the transaction. If your application is rejected, it is sent back to you.
A flat interest of Ksh 150 per loan, plus a Ksh 20 transaction fee. For example, borrow Ksh 2,000 and you repay Ksh 2,150, plus the Ksh 20 fee.
14 days from the day the loan is issued. Your due date is shown when you apply.
Chama members who are 18 or older and have a valid Kenyan ID.
To confirm who you are, to send the money to your M-Pesa number, and to contact you about repayment. We protect this data as described in our Privacy Policy.
Yes. If we reject your application, the fee is sent back to the phone number you applied with. See our Refund Policy.
By M-Pesa, using the payment details we give you when your loan is approved. Keep the confirmation message.
No. Clear your open loan first, then you can apply again.
Late repayment attracts a penalty of Ksh 200. We may remind you using the phone number you applied with. Email us at loan@instanewsbuzz.com before the due date if you expect a delay. See section 5 of our Terms and Conditions.
Once your loan is fully cleared, your loan record is deleted from our system.
Email loan@instanewsbuzz.com with your full name and ID number. We reply within 3 hours.