ACMoney is an app that allows ordinary citizens to easily apply for and borrow cash from the comfort of their homes. The app offers a 100% online process, making it convenient for users. The loan amount ranges from Ks50,000 to Ks500,000, with a loan tenure of 91 days to 365 days. The Annual Percentage Rate (APR) varies from 10% to 25%. Users can calculate the interest and total amount to be paid on the due date using the provided example. ACMoney promises a fee-free application process, complete online access, and the security of customers' information.
To apply, users need to download the app, register an account with their phone number, fill in basic information, submit the application, and wait for approval. Once approved, the loan amount is transferred to the user's bank account.
Here's a breakdown of the loan application process:
Advantages of ACMoneyAPP:
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