Creditmoja Loan 2024 how to pay credit moja loan

Creditmoja Loan 2024: Maximize Your Financial Opportunities

Creditmoja Loan 2024 allows people to access loans in a fast and convenient way. It is more of a pocket bank. You can withdraw money at any time. The application process is easy and fast.

A group of entrepreneurs is the brainchild behind credit moja. They hoped to bring simplified financial solutions with zero paperwork unlike banks and other financial institutions.

If you’re looking to get a quick loan without paperwork, credit moja loans got you covered. We have simplified the processes for you to follow below.

How to Apply For CreditMoja Loan 2024

Creditmoja has requirements that one has to meet in order to apply for a loan. The requirements include:

  1. A Kenyan citizen with a National ID
  2. A valid phone number
  3. An email address
  4. A good credit score

When you have the minimum requirements, proceed to the loan application

  1. Download the creditmoja loan app
  2. Install the app
  3. Agree to the terms and conditions
  4. On the Home tab, click me
  5. Enter your phone number (this is where your funds will be deposited)
  6. Click the next arrow
  7. You will receive an OTP, enter it, and continue
  8. Enter your password
  9. Confirm your password
  10. Enter the invitation code if any (you earn up to Ksh 1,000 for referring people)
  11. Click next

You’ll get a prompt telling you your registration was successful.

Now that you have registered move to the loan application

Section I: Family Information

  1. Enter your first name, followed by middle name and last name in that order
  2. Enter your national ID
  3. Select your date of birth from the drop-down calendar
  4. Select your gender
  5. Enter your working personal email
  6. Answer whether you have any outstanding loans

Proceed to the next section

Section II: working information

  1. Enter the company name where you work (if self-employed, enter your business name)
  2. Select your work status (employee, no income, or self-employed) selecting no income will be a direct disqualification, how will you repay the loan?
  3. Select your salary frequency (monthly, weekly, or every day)
  4. Choose monthly income from the list
  5. Select salary payday from the calendar

Proceed to the next section

Section III: family information

  1. Select your county (where you currently reside)
  2. Enter your address
  3. Select your marital status
  4. Enter the full name of the first emergency contact
  5. Enter their phone number
  6. Enter the relationship (parent, family, friend, etc)
  7. Enter the same details for the second emergency contact
  8. Click next

Click on “Apply Now” to apply for the available loan amount

Loan limit

Just like any other lending institution, creditmoja also uses credit score and history to determine your loan limit. Basically, loan limits range from Ksh 1,000 to Ksh 200,000

Interest rates

On paper, the interest rates stand at 10% but when you apply for the loan, you get a different figure.

Take the following loan for example:

Creditmoja Loan 2024: how to pay credit moja loan

I  borrowed Ksh 1,000 to repay within 7 days

The amount disbursed is Ksh 980 (Ksh 20 less)

The amount to repay is Ksh 1,400

That is a 40% interest rate (too much interest rate for a period of 7 days)

How to Pay Credit Moja Loan

Repaying your creditmoja loan is fast and easy. You can view your loan status on your profile, click on “Borrow history” to see your loan status and due date.

Follow the following steps to repay your loan:

  1. Launch your creditmoja loan app
  2. Click on “My Loan”
  3. Choose your outstanding loan
  4. Click repay
  5. Confirm the loan details
  6. Click “Repay now”
  7. Select your preferred repayment method and proceed to repay now
  8. Complete your repayment

You will receive a confirmation message (in case you don’t receive the confirmation message, send the Mpesa confirmation message to credit moja customer care)

Please note the late repayments of credit moja loans will attract a 2% late payment fee every day

Credit Moja Contacts

If you have any questions or recommendations, you can find Credit Moja contacts at Ensure you also include your registered phone number on the email as the subject.

Frequently Asked Questions (FAQs)

How to apply for a credit moja loan?

Apply for a credit moja loan in simple steps. Download the app, register an account with your details, fill out basic information on your application, submit and wait for money in your Mpesa account.

How do I pay my Moja credit?

You can use bank transfers or Mpesa deposits to repay your Moja credit loan. Ensure you pay the loan on time to avoid a negative score and also grow your limit.

Can mobile loan apps list you on CRB?

Around 300 mobile lenders were barred from enlisting defaulters into the CRB. The CBK (Central Bank of Kenya) the move was a result of public outcry due to misuse of credit information among the digital lenders.

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