Checking berry loan app review? Mobile loans are becoming more popular among people who want to borrow money quickly. Mobile loans are more convenient and flexible than loans you can get at a store. For example, if you had a financial emergency over the weekend or on a holiday, when most banks are closed, you might not be able to get the money you need. This person will go through a lot of pain.
But mobile loans apps make it possible to get loans online and right away. You only need a smart phone, and you can get your loan right away.
Also, mobile loans don’t use paper, so they have very few, if any, requirements. Again, there are so many online lenders who offer loans. Apps made by the mobile lenders can be downloaded for free from Play Store. Here is one of the online lenders who offer such loans.
Berry Mobile Loans
Berry is Kenya’s newest app for lending money over the phone. Berry is a mobile money lending app that is only available in Kenya. It gives you low-cost loans with flexible payment plans. Get the money quickly and easily in your mobile wallet.
How Berry Loan works?
- Get the free app from the Play store and sign up.
- Select “Apply Now”
- Choose your loan amount and how you want to pay it back.
- Put the approved amount right away into your M-Pesa.
Privacy and Permissions:
Once you’ve downloaded Berry, we’ll ask for permission to scan your SMS to confirm your identity and creditworthiness. The amount of instant loans will be put right into your M-Pesa account. Berry has taken a lot of steps to make sure that your private information is safe when you share it with them. They care a lot about your privacy and promise to never tell anyone else about you.
Berry Loan Terms:
Berry is very flexible, and its service fees, which range from 8% to 15%, are low and easy to pay. They give out loans for different amounts of time.
Berry charges a processing fee that is between 9 and 15% of the amount owed. The customer sets their own schedule for paying back the loan, which means they can make payments toward their principal at any time after the loan is given to them.
If a customer hasn’t paid the processing fee and the main amount by the due date, Berry gives the customer another 7 days to pay. After the grace period is over, a one-time late payment fee of 15% (the principal amount plus the processing fee) will be added. After this time, you won’t have to pay any more fees.
Important to note:
All of this information will be broken down on the App for the customer to see when they qualify for a certain amount and before they agree to use the facility.
Sample Loan:
- How much was borrowed: 1,000 KES
- Fee to process: 150 KES
- 1150 KES is the expected return.
With Berry, you can handle emergencies, pay bills, pay school fees, and do other things. Basically, anything you need to keep your life going and take advantage of every chance that comes your way.
Need to get to Berry?
Use Email; support@berry.ke
