It is a loan broker website that connects borrowers with lenders online so they can obtain funding for their business needs in the United States. In this article, I will take you through Cashberry business loan reviews from BBB, Cashberry loans app, Cashberry interest rates and contacts.
Interest Rates & Loan Amounts for Cashberry Loans
A Cashberry loan ranges from $10,000 to $10,000,000, depending on the customer’s creditworthiness and ability to repay the loan.
Each lender has their own range of interest rates, so Cashberry has a broad range of interest rates. Cashberry is only a loan broker.
What is Cashberry and how does it work?
As mentioned earlier, Cashberry is an online loan broker. As a result, Cashberry connects borrowers with the right lenders. After a customer submits his or her details online, Cashberry has a team look over it and connect the customer to the appropriate lender.
Thus, each lender works independently. The loan terms are specific to that lender.
Cashberry Business Loans: How to Apply
The application process for Cashberry business loans begins with registering on the Cashberry website, followed by submitting an application for the loan. The Cashberry team will verify your application and match it with the right lender.
Once the loan application and disbursement are complete, the lenders will contact the borrower. Cashberry will not be responsible for any misunderstandings between the borrower and the lender, so be sure to understand their terms before accepting the loan offer.
Reviews of Cashberry loans
Cashberry is a legitimate loan broker with good reviews on BBB, Reddit, and Google.
App for cashberry loans
Since Cashberry does not have an app, you cannot download it on Google Play Store or Apple App Store. Instead, you must use Cashberry.com’s website.
We offer cash loans up to KSh 50,000 at affordable rates. Apply through our secure app and be approved in seconds. Choose your own due date and receive your cash instantly through MPESA. Within two months, your limits could double if you repay on time.
Cash Berry App offers quick and instant mobile loans.
Features of the Loan App
CHEAP
With fees as low as 12.5%, Cash Berry offers affordable and transparent pricing.
To set yourself up for success, choose a repayment date when you will have cash on hand.
QUICK
You can apply in minutes and get a decision right away.
You will receive your money directly into your MPESA account if you are approved.
EASY TO USE
With our easy-to-use app, you can apply 24/7.
There is no need for paperwork, collateral, or a bank account.
Cash is sent directly to your MPESA account.
CONTROL OF FINANCIAL INFORMATION
You can choose up to 180 days to repay every time you borrow.
Customer service that is friendly, understanding, and compassionate
Connect and learn from other users in in-person and online communities with an extensive library of tailored educational content.
ACCESS BACK-TO-BACK
You can access cash again by paying back what you owe in full before borrowing again (some exceptions apply).
All you need to do is answer a few questions in the app
CONFIDENTIAL
With SSL encryption, Cash Berry secures your personal information.
GROWTH OVER THE LONG TERM
KSh 50,000 is the maximum limit.
In just a few months, most customers double or triple their credit limit.
It’s rewarding
Refer a friend to Cash Berry and earn KSh 200 off the next time you borrow!
Cash Berry’s Workings
The Cash Berry app can be downloaded for free.
If you download the app, we will tell you what information we need from you. Please fill out your details to verify your identity and creditworthiness.
In minutes, you can apply.
Please fill out our short application.
You choose the terms.
Your desired amount and due date should be confirmed.
Get your money.
Direct transfer of funds to your MPESA account.
Easy repayment.
With our paybill, you can pay anytime, anywhere.
Refinance your loan.
Please provide us with a little more information after you have repaid in full so that we may determine the best possible limit and fees for you, and then you will receive the next round of funds to your MPESA account.
Requirements for Loan Eligibility
✔Any Kenyan citizen over the age of 18.
✔A valid ID and a mobile phone number are required.
lCalculatingoan interest rates:
Amount of loan: 500 Ksh x 50,000 Ksh
A 91-day loan has the shortest tenure, while a 180-day loan has the longest
The interest rate is 12% APR
The service fee is 0%.
An example of the total cost of the loan, including all fees:
In this case, the interest rate would be 12%, so 6000 Ksh divided by 91 days would yield an interest rate of 12%. At the end of the 91 days, you will have to repay the total loan amount of 6,720 Ksh. We do not charge monthly fees. The minimum loan term is 91 days while the maximum is 180 days. Our effective APR is 16.5%.
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