Personal Loans

Compare and choose one of 1 lenders.

Lendplus.ke
Loans in 15 minutes
up to 15,000 KES
max 50,000 KES
23 - 62
15 min.

Information about lenders

Lendplus.ke - Aventus Technology Limited

Address: Rhapta Heights, 1st Rhapta Road, Nairobi, Kenya

Phone number: 0709-029-000

E-mail: customer@lendplus.ke

Max APR: 803%

Term: 62 days - 1 year

Age: 23 up to 62

Loan of 15,000 KES for 12 months, monthly repayment 10,059 KES total amount 120,708 KES, annual percentage rate APR 803%.

Personal Loans with Creditsms 

Personal loans are a versatile financial tool that can be used for various purposes, from managing unexpected expenses to making significant life purchases. At Creditsms, we make it easy for you to compare and secure the best personal loan options available in Kenya, ensuring you find a loan that perfectly fits your needs. 

What are Personal Loans? 

Personal loans are unsecured loans that you can use for a variety of personal financial needs. Unlike secured loans, personal loans do not require you to pledge any collateral, such as a car or house. Instead, the lender approves the loan based on your creditworthiness and ability to repay. 

Common Needs for Personal Loans 

  • Home Improvements: Renovations and repairs to maintain or enhance your home. 
  • Medical Bills: Covering unexpected medical expenses that require immediate payment. 
  • Debt Consolidation: Combining multiple debts into a single loan with a lower interest rate. 
  • Education Expenses: Paying for tuition, school fees, or other educational costs. 
  • Major Purchases: Funding significant purchases such as appliances, electronics, or furniture. 

Eligibility Criteria 

To apply for a personal loan through Creditsms, you must meet the following criteria: 

  • Age Requirement: You must be at least 23 years old to qualify for a personal loan. 
  • Steady Income: A stable income is crucial for ensuring regular repayments and improving your chances of loan approval. 
  • Residency Requirement: Our services are exclusively available to Kenyan residents. 
  • Contact Details: A working phone number is essential for communication throughout the loan application and approval process. 
  • Identification: A national ID is mandatory to complete the loan application process. 

Example Loan Calculation 

To provide a clear understanding of what to expect, let’s consider an example loan calculation: 

  • Loan Amount: 10,000 KES 
  • Loan Term: 6 months 
  • Annual Percentage Rate (APR): 365% 
  • Monthly Payment: Approximately 3,818 KES 
  • Total Loan Repayment Amount: 22,905 KES 

This example illustrates the importance of understanding the terms and conditions associated with personal loans, including interest rates and repayment schedules. 

Why Choose Creditsms for Personal Loans? 

No Collateral Needed: Personal loans do not require any collateral, making them a convenient option for many borrowers. 

Flexible Use: You can use personal loans for a wide range of purposes, including home improvements, medical bills, debt consolidation, and more. 

Fast Approval: With Creditsms, you can quickly compare different loan options and secure approval in a short amount of time. 

Transparent Comparisons: Creditsms offers transparent comparisons of different lenders, enabling you to choose the best loan option based on interest rates, repayment terms, and other key factors. 

User-Friendly Interface: Our platform is designed to be intuitive and easy to navigate, making the loan application process quick and straightforward. 

Reliable Support: Our customer support team is ready to assist you at every step of the loan application process, ensuring a smooth and hassle-free experience. 

Creditsms is dedicated to providing you with the most efficient and reliable personal loan solutions in Kenya. With our easy-to-use platform and comprehensive loan comparisons, you can secure the financial assistance you need without unnecessary delays.