Loan Terms

1. Loan Type
This is a short-term digital loan (“QuickLoan”) offered by the Institution and processed exclusively through the CAMS platform.

2. Loan Amount
The loan amount is fixed per loan option and displayed to the Borrower before acceptance.

3. Interest
A flat interest amount applies to the loan.
The total interest payable is shown upfront before loan confirmation.

4. Tenure
The loan has a fixed tenure (daily, weekly, biweekly, or monthly), as displayed at the time of application.

5. Repayment Amount
The total repayment amount (principal plus interest) is fixed and disclosed before the loan is accepted.

6. Late Payment Fee
If the loan is not fully repaid by the due date, a fixed daily late fee will apply for each day the loan remains unpaid.
The daily late fee amount is displayed before acceptance.

7. Disbursement and Repayment
Loan disbursement and repayment are processed digitally through CAMS using approved digital channels (USSD or mobile app).
No cash or manual transactions are permitted for this loan.

8. Responsibility and Default
The Borrower remains fully responsible for the timely repayment of the loan.
Failure to repay may result in recovery actions in accordance with the Institution's policies.

9. Acceptance
By accepting this loan, the Borrower confirms that they understand and agree to these terms.

Governing Law:  Laws of the Republic of Kenya.