With Kamoa Loan app, you can have access to affordable online business loan to support your business up to the sum of N5m while having the opportunity to choose from among lenders on the Kamoa platform.
This is Part of the Kamoa DBN partnership, the Agent app enables MFBs to digitalise
The information provided in this article concerning this app is based on information available from the owners of the app.
Kamoa is the digital financial marketplace for Nigerian businesses. Kamoa enables you to build your business credit profile from the convenience of your smartphone.
Backed by the Development Bank of Nigeria, the Kamoa app provides small and medium businesses with access to a panel of reliable Nigerian lenders.
Through a quick and easy application process, you can find fair and affordable financial products to back your business growth.
Kamoa is not a lender. They help your business find funding from a panel of trusted lenders at market-leading prices with fair, clear and transparent loans and they demystify the credit scoring process so you can control your own creditworthiness.
They use real data to provide lenders with an accurate and unfiltered picture of your true current circumstances.
Steps To Apply For And Get Loan Through Kamoa App
It’s as easy as 1, 2, 3…
1 – Download the app from the Google Play Store
Download to any Android device for free. Once you launch the app, you will need to sign up with your phone number and you are ready to go!
2 – Register your personal and business details
Complete the registration process by adding details about you, your business and your finances. The more information you can provide, the better your chance of being matched with a lender.
3 – Kamoa matches you with the right lender for your needs
Kamoa uses your details to find you the best business loan offers from a range of lenders on the platform. Once matched with an affordable loan, a lender will be in touch with you to finalize the application.
They are committed to finding you the best funding for your business.It is their mission to build a trusting relationship between business owners and financial providers, giving Nigerians the opportunity to reach their business goals.
If you decide to accept any of the offers with Kamoa and settle the loan on time your Kamoa TrustScore will grow. An improved score translates to better and cheaper loan offers in the future.
Benefits Of Using Kamoa App To Get Loan
1. Digitized loan origination and verification.
2. Helps access and grow your business credit score when you share information.
3. Accessible and affordable loans from a range of lenders to grow your business.
4. Whole market view. Kamoa helps understand different products and finance options from a range of trusted Nigerian lenders. Compare products and select the one that is right for your business.
Terms And Conditions For Loans Through Kamoa bApp
1. The lenders on the Kamoa platform offer business loans only.
2. Loan values range from 1,500 Naira to 5m Nairas.
3. Loan terms range from 12 weeks to 10 years.
4. Interest rates range depending on product and lender, with a maximum monthly interest rate of 3% (36% APR)
Interest rates vary depending on a number of factors including your repayment history. All interest rates are presented to users of Kamoa via a payment schedule and on the pre-agreement, before any loan agreement is made.
There are no additional fees associated with the loans Kamoa lenders make available on the app.
Feedbacks From Customers Of Kamoa Loan App
Because Kamoa business loan app is relatively new, feedbacks from from Customers who have used the app are scanty.
While some Customers commend the app as being good, many customers of Kamoa who have used the app comment that it is not working well as expected. They encountered problems with OTP and other registration issues.
Contact Details Of Kamoa
For support and any inquiries, please contact [email protected]
In conclusion, the above information about Kamoa Business loan app is provided to assist you when you have need for loan to enable you weigh this against other options open to you so as to take an informed decision.
Equally note that our website, growfinance, neither gives loans nor promotes any loan app over the other but merely gives information to the public based on information available from app owners