Lemon Kash, Lemon Cash App
Lemon Cash App
Lemon Kash previously Lemon Cash App aims to provide financial assistance to as many people as possible, Lemon Cash app is a service that lends money to eligible borrowers through M-Pesa.
Below are the requirements for one to receive a loan from the Lemon Cash app:
- Be registered to the M-Pesa service.
- Be aged 18 years and above.
- Be a Kenyan Citizen, holding a valid Kenyan ID.
Lemon Cash App Loan Application
Follow these steps to download the Lemon Cash app on your phone:
- Launch the Google play store on your phone.
- Type the names ‘lemon cash app’ on the search bar and click on the search icon. (Lemon Kash Delicious Cash Loan will appear)
- Click install, after which the app will download in a matter of seconds (ensure your data connection is on).
Upon downloading the app successfully, you can register an account as follows:
- Enter your M-Pesa-registered Mobile number to create an account.
- Fill your personal details as prompted.
- Depending on the information you’ll provide, your loan limit will be displayed on the screen.
- Apply for a loan that falls within your loan limit to increase the chances of a successful application.
- If your submission is approved, you’ll receive your cash through M-Pesa.
Lemon Cash App loan features
Below is what to expect on taking a Lemon Cash loan:
- Amount of Loan: Ksh 2,000 – Ksh 50,000
- Period of Loan: 80 – 365 days
- Rate of One-time Origination Fee: 24% APR (yearly rate) or 2% per month ( 24% ÷ 12 months) or 0.06575% per day (24% ÷ 365 days)
For example, if the loan amount (principal) is Ksh 10,000 and the loan period is 80 days, the rate of the origination fee for 80 days would be 0.06575% per day x 80 days = 5.26%.
This would translate to a APR of 24%. The loan amount (principal) disbursed would be Ksh 10,000.
The total origination fee would be Ksh 10,000 x 5.26% = Ksh 526. The total cost (amount due) supposed to pay back at the end of the loan term (after 80 days) would be Ksh 10,000 (principal) + Ksh 526 (origination fee) = Ksh 10,526
Read Also Apesa Loan, Apesa Loan App Download
Lemon Cash loan App repayment
On maturity of your loan, you can repay through the app, without using the M-Pesa PayBill option.
Lemon Cash App Acceptance of Terms and Conditions
You must carefully read and understand the Terms and Conditions set in this Agreement and as amended from time to time by LemonKash (the Terms and Conditions) before downloading or streaming the App or opening an account with LemonKash which will govern the use and operation of the App and the Account.
After downloading the App, you will be asked to accept the Terms and Conditions upon clicking the “Accept” option on LemonKash’s App asking you to confirm that you have read, understood and agreed to abide by the Terms and Conditions. If you do not agree with the Terms and Conditions please click the “Decline” option in LemonKash’s App. Please note that you will not be able to access the Services if you decline the Terms and Conditions.
By downloading the App and opening an Account with LemonKash, you agree to comply with and be bound by the Terms and Conditions governing the operation of the Account and you affirm that the Terms and Conditions herein are without prejudice to any other right that LemonKash may have with respect to the Account in law or otherwise.
These Terms and Conditions may be amended or varied by LemonKash from time to time and the continued use of the Services constitutes your agreement to be bound by the terms of any such amendment or variation. LemonKash will take all reasonable measures to notify you of any changes.
From time-to-time updates to the App may be issued through the website. Depending on the update, you may not be able to use the Services until you have downloaded or streamed the latest version of the App and accepted any new terms and conditions.
By using the App or any of the Services, you consent to us collecting and using technical information about the Equipment and related software, hardware and peripherals for Services that are internet-based or wireless to improve our products and to provide any Services to you.
If you use these Services, you consent to us and our affiliates’ and licensees’ transmission, collection, retention, maintenance, processing and use of your data to determine our credit scoring services or to improve our Services and/or your experience while using the App.
Lemon Cash App app Contacts
Use the contacts to below in case you need clarification from the customer care team:
Mobile number: 0740 312 001
Email Address: [email protected]