Personal Loan

What a personal loan is and how it works

A personal loan is a type of installment loan that gives you a fixed amount of money in one lump sum. Personal loans are usually unsecured, meaning you don’t have to use collateral to secure funds. Repayment terms can range between one and twelve months. Personal loans can be used for almost […]

Read More

Tips To Help You Manage Your Personal Loan

When managed responsibly, a personal loan can be one of the best ways to relieve financial burdens and set yourself up for success. It’s an easy way to cover a down payment, handle an emergency, or take your family on a vacation. A personal loan, however, can also be challenging […]

Read More

Ten questions to ask before you take out a personal loan

It’s critical that you have a clear repayment plan, whether you’re looking to take out a personal loan to consolidate debt, finance a home improvement, fund your next big trip or pay for a cross-country move. How much do I need? The first step in choosing a personal loan is knowing how much you need. The smallest […]

Read More

Personal Loan Dos and Don’ts

Do: Check your credit reports Your credit score and credit history are major determinants in how you receive on a personal loan. Banks use credit as a barometer for risk. If you have made payments in a timely fashion before, then you are more likely to repay your loan. Therefore, […]

Read More

A Guide For First-Time Borrowers

A loan is a sum of money that is borrowed by one party from another and is to be paid back with interest. Whether you’re looking at purchasing a car, starting a business, or consolidating your debts, it’s important to know about all of your options. In Kenya, the formal financial […]

Read More

Good Reasons To Get A Personal Loan

Should you borrow money? Does your financial situation justify a personal loan, or should you try to avoid any debt at all costs? These types of questions often go through the minds of folks who are contemplating applying for personal loans irrespective of the expense. While there can be considerable […]

Read More