Fast Cash – Speedy Fast Loans App
In Kenya, the Central Bank of Kenya has barred many fast loans apps from listing themselves on the CRB. These loan apps aim to offer credit to those who need it fast, but are concerned about the amount of time they require to repay. The CRBs have now imposed tougher guidelines for credit appraisals. The app provides an instant e-approval of up to Ksh20,000 for personal loans. But the CBK hasn’t yet banned these apps entirely. Typical cash advance apps don’t check credit. Instead, they perform a cash flow analysis…
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