Hustle Chapaa-Mpesa loans

Hustle Chapaa is a loaning app ensuring a swift ,secure, reliable, and transparent loaning platform in Kenya.


Qualifications
• Be a kenyan citizen
• in possession of M-pesa account
• Download the application and fill out your application
• Age above 18 years



Steps to Borrow
• download hustler fund application
• fill in the application. No advance payment, no paperwork.
• provide some information required
• obtain loans.
• repay loan in full or in installments








Loaning, interest rates, Service fee rate , and repayments
The Loan App offer:
Loan Amount: KES1000 - KES 120,000
Loan Term: 91 - 365 days
Service Fee: 6%-8%
Interest rate: Between 10%(APR)- 36%(APR)


########Example##########
If your take loan amount of:
KES 15,000
Loan term of 91 days
Interest rate(APR) of 10%
Service fee of 8%


Hence;
Total Interest is (10/100)/3651500091= KES 373
Total fee is 8/100*15000=KES 1200
Total amount deducted from principal loan amount is interest+ fee which is 373+1200=1573.
So the total amount you receive is KES 15000-KES 1573= KES 13427





If you choose to make a one-time repayment, then you will make a one-time repayment of KES 15000 after 91 days.

If you choose to make monthly repayments, your monthly repayment amount will be KES 15000/3 = KES 5000. Therefore you pay KES 5000 each month.




For overdue, 2% of the loan amount is charged per day. using the above example of principal amount of KES 15000, KES 300 is charged daily for overdue.




Other terms and conditions may apply.



When you download Hustler fund app, we verify your identity and reputation and provide you with a reliable loan in Kenya. We attach great importance to privacy. Your personal information will never be shared with any third party.





Security;
We ensure maximum security for your data as we commit in our privacy. https://hustle.mtplanet.net/privacy.html


For any query;
Contact email: hustlepesa@mtplanet.net.

Website: http://hustle.mtplanet.net/

7th Floor , Roya Street, Nairobi, Kenya