LOAN AGREEMENT
What is Zara Cash App?
Zara Cash app is a money lending app that enables you to get personal loans on android smartphones. Once you register, depending on your loan limits you can request for a loan which will be processed and sent to your M-PESA or bank account.
Which devices support the Zara cash App?
The Zara cash app is available for all Android phones running Lollipop (5.0) or higher.
How can you reach us?
You can send an email to hello@zaracash.co.ke or press the help button in your Zara Cash app and write to us directly.
Who is eligible to apply for a Zara cash loan?
Loans are available to individuals who live in Kenya and have a Kenyan Identification Card. They should also have an MPESA registered phone number.
How does Zara Cash make a lending decision?
Zara Cash makes a lending decision based on data collected from individual’s mobile device as well as the individual’s current credit listing status (rating and score) at the Credit Reference Bureau. The system makes a new assessment every time you request for a loan from Zara Cash app. It is important that you maintain a good credit history at all times.
How do I apply for my loan?
- Download Zara Cash App from your device
- Open an account with us by clicking on the create account icon and filling in the required fields.
- Once logged in select Request Loan.
- Key in the loan amount you want as per your limit.
- Key in your PIN number
- Select confirm
- You will receive an MPESA SMS with the amount requested for in less than 30 seconds.
How many devices can I have an account on?
You can only register or have an account on one device only.
How much do I qualify for?
Once you are a registered user you will receive a notification detailing your personal loan limit when you press the loan request button. The current lowest loan amount limit issued by Zara once eligible is 3000/=.