CreditHela App loan is not only quick to access as long as you have a smartphone, but it is also available around the clock regardless of where you are in Kenya.
CreditHela loan is, therefore, convenient and time-saving as it is always a phone-away from you to make use of it to solve your financial challenges whenever the need be.
This accessibility and convenience of the App's loans can, however, turn into a financial nightmare for careless borrowers who act at the spur of moment. So, to ensure that this never turns out to be the case for you, what are some of the most important considerations you should make before taking a CreditHela loan?
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1. Borrow only when necessary
Do not borrow just because you have found out that you qualify for a CreditHela loan. This will put you into problems during repayment time. An unnecessary borrowing means an unnecessary spending and unplanned repayment. Always have a clear aim why you need a CreditHela loan.
2. Think of repayment
If you don't have an elaborate plan on how you intend to get money to repay your CreditHela loan before applying for one, it is only wise you don't take it.
3. Understand the loan terms
CreditHela loan terms are deliberately and strategically placed on the app to ensure that any potential borrower can access them with ease before applying for any loan amount.
Seek to understand things like the interest payable, the repayment date, penalties on late repayment, third party charges etc.
4. Consider early or timely repayment
The key advantage of timely or early repayment of CreditHela loans not only helps you build a good credit score, but you also increase your chances to get a lower interest rate and higher loan limits in subsequent loans.