Can’t pay mobile loan on time?? here’s what to expect from the various lenders.

MSHWARI

-Upon the lapse of the 30 day repayment period, a rollover fee of 7.5% is effected on the next day.
-If you fail to pay for a period of 60 days even after effect of the rollover fee, upon repayment you will not be able to access any other loan until the lapse of a 30 day period.

BRANCH

-Upon the lapse of the 30 day repayment duration, upon repayment, you will not be able to access any loan for a duration of 7 days and also your loan limit will be reduced.

SAIDA

– Upon the lapse of the 30 day period, you can,request for an extension period through the app which ranges between 2days to 7 days.
– No penalties are charged for repayments within these grace period.

TALA

– Upon lapse of the 30 day period, you will be issued a grace period of 7 days upon which a penalty fee of 5% will be charged on the outstanding loan amount.
– No penalties are charged for repayments within these grace period.

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15 responses to “Can’t pay mobile loan on time?? here’s what to expect from the various lenders.

  1. Due to late payment of my loans, i havn’t been able to access loans & my loans limit is still zero even after saving more since last year.What can i do?pliz help.

  2. Kindly I failed to repay my M-shwari loan in time, which lead to be blacklisted by cab, even after the l cleared it have not been able to make request for loans, How can I be helped

  3. can one get a loan if he is blacklisted by CRB? please help me understand this….are you registering airtel kenya as well as I have not seen it in the list

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