CashSpree app is a reliable loan platform that offers mobile loans to Kenyan customers who require funds to expand their businesses or for any other daily financial need. Users can access it by downloading the app from the Google Play store.
We are working hard to provide high-quality services to Kenyan customers in order to improve their lives. We insist on not making high-interest loan products as the bottom line, and instead provide high-quality, low-interest loan products tailored to the needs of the user.
CashSpree Loan app Download
- Install CashSpree from the Google Play Store.
- Launch the Google Play Store on your phone.
- Type the app’s name on the search bar (CashSpree Loan app) and click the search icon.
- Click install.
- The app will download in a few seconds.
- Set up an account.
- Fill in the basic information and submit the application.
- Sign the loan agreement after approval.
- After submitting the application, the approved loan amount will be received within 10 minutes.
Requirements to Apply for CashSpree Loan
- Kenya Resident
- Between 18-60 years old
- Salaried/self-employed with regular source of income
How much does CashSpree charge
Maximum Loan Amount: Ksh 80,000
Loan Tenure: 91 days to 365 days
APR: Up to 20%
Service fee: 3%~6% according to customer’s credit history
Example:
If the loan amount is Ksh 20,000 and the APR is 10% per annum with a tenure of 180 days, the services fee is 6%:
Interest = Ksh 20,000 * 10% / 365 * 180 = Ksh 986
Service fee = 20,000*6% = Ksh 1200
You will get Ksh 20,000 and should repay Ksh 22,186 (20,000 + 986 + 1200)
The monthly payment would be Ksh 3,698 (22,186 / 6)
CashSpree Loan repayment
When repaying your CashSpree loan, follow the steps below:
- Launch the M-Pesa menu on your phone.
- Choose the Lipa na M-Pesa option.
- Select PayBill.
- Enter the CashSpree PayBill Number
- Input your phone number, as the account Number.
- Enter the amount you’re repaying.
- Add your M-Pesa pin.
- Press Ok to complete the transaction, but ensure all the details are accurate before doing so.
What happens if you don’t repay your CashSpree Loan in the specified time?
We acknowledge that there may be occasions when you encounter difficulties. Although we give you a grace period of around 90 days to repay the loan, this will lower your credit score.
What happens if you don’t repay your CashSpree Loan?
Failure to repay the loan will lead to your details being handed over to the collection agents and ultimately to the CRB.
CashSpree login
After downloading the app, follow the steps below to apply for a loan
- Launch the app.
- Allow access to your phone’s data.
- Enter the phone number that you use for M-Pesa services.
- You’ll receive a code to verify your phone number, after which you can set a password for your account.
- To login, use your phone number as the username and password set.
CashSpree Privacy Policy
CashSpree reveals here how CashSpree app collects, stores, uses, transmits, discloses and protects your personal information.
The information collected by CashSpree includes:
- Your registration information, including the mobile phone number provided when you registered.
- The information you fill in when you apply, including name, date of birth, mobile phone number, ID card number, contact address, emergency contact, marital status, education background, income, etc.
- They may read your call history, but we don’t do any uploading.
- CashSpree collects a list of apps that have been installed on your device, including their installation time, update time, package name and APP name
- Contact List: We seek references from the Loan application as part of our loan process. In this regard, we gather your contact information when you fill out the form on our App in order to detect close connections so that you can autofill the data during the loan application process.
- Calendar Information: We require calendar information so that you can set up a loan due date memo in the app after the loan, which will remind you to repay your loan on time
- App list: We will use this data to ensure that your phone does not have non-Google trusted apps or virus apps installed on it, as these will potentially affect the security of your money.
- Financial SMS Information: Your personal SMS is not collected, read, or stored by us. Only financial SMS sent by 6-digit alphanumeric senders are collected and monitored from your inbox, which assists us in identifying the various bank accounts that you may be holding, cash flow patterns, description and amount of transactions undertaken by you as a user to assist us in performing a credit risk assessment, which enables us to determine your risk profile and provide you with the appropriate credit analysis.
- CashSpree will obtain your device information, such as Android ID, IMEI, operating system, system version, device model, device name, wifi information, wifi name, resolution, network status,CPU, memory, etc
- Location information. We may also use GPS technology or other location services to determine your current location.
CashSpree Customer Care Contacts
Email: help@CashSpreeken.com
Mobile Number: +254 725 662 343
