Mokash loan App, PayBill Number, App download, Limit, and Contacts

There are times where the cash you hold isn’t enough to meet your needs. In such instances, financial service providers are always ready to help, but some are characterized by long bureaucracies, meaning that loan approval may not happen within the period you want.

Digital financial providers like Mokash loan App have come to bridge this gap by ensuring that you receive the loan within the shortest time possible. Owing to this, you can meet your needs within the expected period.

Mokash Loan App

Because Mokash offers its loans online, you need to download the app as below:

Visit Google play store.
Search for the app using the search icon.
Click install.

After downloading the Mokash loan app, start the registration process, which is as follows:

Launch the app.
Allow permissions, which are used for location and identity verification.
Input your phone number, and ensure it’s registered to Mpesa.
Enter the OTP you’ll receive to verify your phone number, after which you can set a strong password.
Add personal information, such as ID number, employment status, emergency contact information, and your residence.
Navigate to the page where you’ll apply for a loan. You’ll see your limit, which is dependent on your details. Apart from your loan limit, the repayment dates and possible cashback percentages, among others, will be displayed.
Click ‘apply now’, after which you’ll receive an SMS notification, signifying you’ll receive the cash within a few minutes.

When repaying your loan, follow these simple steps:

Open your Mpesa menu.
Click Lipa na Mpesa.
Click PayBill and enter 4023691 as the business number.
Enter your phone number as the account number. Ensure it’s the same one you used during registration.
Enter the amount you’re repaying.
Enter your Mpesa Pin.
Complete the transaction and wait for a confirmation message.

Mokash loans come with the features listed below: