4.4/5 Votes: 442
8 MB
Report this app



Online lending has increasingly become a preferred trend over traditional borrowing methods for many individuals in Kenya. Simply put, online loans offer significantly more convenience and speed. Particularly when using the YesCash app, borrowers experience even greater advantages.

Introducing the YesCash App

YesCash operates as a specialized online lending platform. In just under 29 minutes from submitting your application, the system confirms approval and disburses the funds. This is an unprecedented speed not typically seen in traditional banking systems.

With its swift disbursement, the company has helped numerous individuals overcome urgent financial needs. When seeking a loan, all you need to do is fill out the required information on the provided form and wait for the system’s confirmation. Notably, all operations are conducted entirely through a smartphone or computer with an internet connection, eliminating the need for in-person meetings.

Advantages of YesCash

Famed as a large-scale online lending app ranking among the most reputable in the Kenyan market, YesCash naturally possesses outstanding advantages. The prominent advantages that YesCash currently boasts include:

  • Optimized lending procedures that facilitate easy execution for borrowers without the need for excessive and cumbersome document preparation. The company understands that in times of urgent need for funds, there might not be enough time or mental capacity to gather various types of documents.
  • No requirement for borrowers to pledge assets. Besides not burdening customers with multiple document requirements, the app gains favor by not obligating borrowers to pledge assets. You can receive disbursement without having to pledge any type of asset, whether of high or low value.
  • No evaluation of friends or relatives. Many borrowers prefer to handle their financial issues independently, without involving their friends or family. Understanding this mindset, the lending app also refrains from requiring its customers to evaluate their friends or relatives.
  • 100% online application process; you only need to provide the required information, and the loan amount will be automatically approved, with the system transferring the money directly to your bank account.

Disadvantages of the application:

Alongside its advantages, following a small survey conducted with customers who have used the YesCash service, we have noticed several existing drawbacks in the application:

The app’s performance is not consistently optimal; sometimes, users experience lagging issues, which can be somewhat discomforting. The interest rates are not fixed; they fluctuate over time, requiring borrowers to regularly update their information when seeking a loan. For overdue repayments, customers frequently receive reminder calls from the company urging them to make payments.

Loan Conditions

For a loan to be quickly approved, it is mandatory to meet the following basic conditions:

  • Age between 18 and 66, regardless of gender.
  • Residency in Kenya.
  • Valid identification documents with intact images and clear printing.
  • Phone number and bank card must match the owner’s name on the personal documents.
  • Regular monthly income of at least $100 from employment.

Interest rate, loan limit, and loan term

  • Interest Rate: As mentioned earlier, YesCash’s interest rates are not fixed. Both parties negotiate and agree upon an interest rate that best suits the loan limit and term at that time. However, it will not exceed 25% per year.
  • Loan Limit: Customers can borrow a minimum of Ksh3,000 and a maximum of Ksh80,000. Compared to other similar online lending apps, the loan limit offered by this app is relatively high. Typically, in other apps where customers do not provide collateral, the maximum loan limit is only around Ksh5,000.
  • Loan Term: Customers can choose a loan term ranging from 91 days to 181 days. This means the minimum loan contract duration is 91 days, while the maximum is 181 days (6 months).

Example of a YesCash loan:

If the loan amount is 21,100 Ksh and the APR (Annual Percentage Rate) is 12% per year with a term of 180 days, then:

  • Interest payable = 21,100 Ksh × 0.03288% × 180 days ≈ 1,236.93 Ksh
  • Service fee = 1,236.93 Ksh / 21,100 Ksh × 100% ≈ 5.86%
  • Total amount due to YesCash: 21,100 Ksh + 1,236 = 22,336 KSH

Therefore, it can be seen that YesCash is an extremely reputable online lending application that should not be overlooked when facing urgent financial needs. If you have any questions regarding the loan, feel free to contact the company’s hotline directly or leave a comment below the article for free assistance. Wishing you success in quickly and successfully getting your loan approved and overcoming this difficult period.

Leave a Reply

Your email address will not be published. Required fields are marked *