Boost Chapaa

About: Boost Chapaa

Boost Chapaa is the simplest and most secure way to borrow, save, and improve your financial health all from the convenience of your phone. At Boost Chapaa we will walk hand in hand with you in your journey to financial empowerment through our innovative products.

With Boost Chapaa you can enjoy-
* Easy access 24/7
* Quick and easy sign up



* No paperwork needed or collateral at your convenience
* Freedom to use your money the way you want to -- for home or business
* Lower fees, and flexible payment terms as you repay
*Enjoy a 24/7 dedicated customer service

Requirements:
• Be a registered Safaricom Subscriber.
• Be a registered Safaricom M-PESA customer.
• Have an active Safaricom M-PESA account/line.
• Hold a Kenyan National Identification Document (ID)

Loan terms:

Loan Amount: KShs 500 to KShs 50,000
Loan Term: Minimum 30 days and Maximum 90 days
Maximum Interest rate: 19%
APR: 24%
Example: If you borrow a loan of KShshs. 500 for a period of 30 days, it would be calculated at
Interest = (Kshs 500 * 0.00052*365) = KShs 94.90
Total amount to pay back = 500+94.90 = KShs 594.90


How simple is the process?
• Download the Boost Chapaa app
• Fill out our quick loan application in the Boost Chapaa mobile app
• Verify your identity through our secure system
• You can choose to get cash sent directly to your M-Pesa or Boost Shopping in an instant

How do I repay my loan?
• Repay your loan with M-PESA Xpress or through our Paybill 4023891 and the phone number you sign up with
• You can pay in full or make partial payments, anytime on or before your due date
• Easy repayment schedule keeps you on track with your payments.

The benefits of Boost Chapa in-app features at your fingertips:
• Personal security PIN to ensure protection
• Easy repayment schedule that keeps you on track with your payments
• Shopping made easier through our registered outlets.

What are my loan terms?
Customers can express a preference for loan terms up to 30 days.
• Grow with Boost Chapaa and build your limit up to KSh 50,000 by making your loan repayments on time


Ready to get started? Download the Boost Chapaa app and apply for a loan today.