Kashat

Kashat is a lending app that offers small loans for individuals to manage their short-term liquidity needs for their small businesses.

Kashat starts out with small loan amounts, and every time the customer repays on time, the customer’s credit score increases, providing an opportunity to borrow a higher amount on subsequent loan applications. Loans start from 300 EGP and go up to 2,000 EGP.

Once the loan application is approved, the customer can withdraw his money through several digital platforms such as: Fawry, Vodafone/Orange/Etisalat cash, or bank digital wallets.

Loan Tenor and Fees:

Kashat customers who take loans are charged with service fees that range from 10% to 28% depending on the loan amount and the customer level. Thus, the maximum Annual Percentage Rate (APR) charged for the loan is 28%.

Additionally, there are admin fees of 8 EGP that is deducted from the principal loan amount for processing fees at the time of disbursing the loan.

Loan Example:

If the customer takes a loan of 300 EGP, the principal amount that he will take into his digital wallet or through Fawry will be 292 EGP (After deducting the Admin fees for payment processing).

- Default Repayment Plan: The applied APR to this loan is 28% assuming repayment after 90 days, thus, the customer will repay (300 + 84 = 384 EGP).

- Early Repayment Plan: If the customer chooses to repay early after 2 weeks, the applied APR will be 10%, and thus the customer will repay (300+ 30= 330 EGP) in 2 weeks.

Loan Repayment plans:

Duration 91 Days subject to approval

- Customers can repay the loans between 90 days till 120 days from disbursement date, over 1 or 2 installments.

- Customers are also allowed to repay earlier than 30 days (starting from 2 weeks from the loan date) and be eligible to pay for lower service fees.

The full loan repayment period is 120 days.

Why Kashat:

- Easy in use to create your account, we only require a few details from you

- Answer a few questions.

- Flexibility to choose an amount required from the limit assigned to you

- Zero collateral, or personal guarantees and minimal documentation

What do you need to create an account on Kashat?

- You must be above 18 years old.

- You must be an Egyptian citizen.

- Your national ID must be valid.

Limits start from 100 EGP - 2000 EGP, Kashat starts out with small loan amounts, and every time you repay on time your credit score increases, providing you an opportunity to borrow a higher amount on subsequent loan applications.

To learn about increasing your credit score, visit the financial tips section in the App

How can you withdraw your loan?

After the loan limit approval, Kashat will generate a voucher which you can cash out from the mentioned disbursement channels: Fawry, Vodafone/Orange/ Etisalat Cash or the bank wallets.

How can you repay your loan?

Generate a repayment voucher within the app which provides you with multiple repayment channels.

Kashat offers can help you:

- Increase your loan limits.

- Pay less administrative and service fees.

- Increase your chances of getting a better credit score.

To learn more about our offers, visit the offers section.

To learn about increasing your credit score, visit the financial tips section in the Application

Privacy and permissions:

When you download Kashat, you will be required to scan your National ID in order to verify your identity and grant some android permission to your phone, the permission may include the camera, contacts, location, and others.

We encrypt your data to ensure the highest standards of privacy and security

Your privacy is important to us; your personal information will never be shared without your permission.

Contact us:

We're always pleased to hear from you!

If you have any feedback, questions, or concerns, you can reach us at support@kashat.com.eg

www.facebook.com/Kashateg.