How Apply For And Repay A Spider Cash Loan In Kenya

Mobile lending has become a very popular practice in Kenya. Its growing popularity and easy accessibility, has led to a boom in the number of mobile loan services available in the country, as a direct response to the ever growing demand present here.

One of such mobile loan services available in Kenya, is Spider Cash and with the heading towards end month financial struggles almost upon us, this information might just come in handy.

Spider Cash is a mobile lending app giving fast loans in Kenya through Mpesa. Spider Cash is another mobile loan app that issues loans to users in Kenyans within seconds via Safaricom’s M-Pesa mobile money service.

What You Should Know About Spider Cash Loans

Below are certain things you should know about Spider Cash i.e, the features as well as the requirements for your loan application:

1. Spider Cash does not require its users to pay any registration fee in order to activate their accounts.
2. You must be residing in Kenya in order to be eligible for a loan from Spider Cash.
3. You must be 18 years of age or older in order to be eligible for Spider Cash loans.
4. You must also have an active Safaricom M-Pesa number.
5. You must have an Android mobile device that can successfully download and install the Spider Cash mobile app.
6. Spider Cash gives loans from 500 Kenyan Shillings to up to 50,000 Kenyan Shillings as the maximum that users can borrow at a time.
7. Spider Cash provided what it calls ‘Repayment Periods’ in order to provide flexibility in repayment terms and plans for its users. It gives users a weekly, half monthly or monthly repayment plan.
8. The maximum loan repayment period is one (1) month.

How To Apply For An Spider Cash Loan Via The Spider Cash App

To apply for an Spider Cash loan via the loan provider’s mobile app, simply:

1. Go to Google Play Store on your android device and search for ‘Spider Cash’. Alternatively, you can download the Spider Cash Mobile app via this link: https://play.google.com/store/apps/details?id=org.baraza.spidercash.loans
2. As soon as you are done downloading the KashWay application on your android mobile device, proceed to install and launch the application.
3. Next, input your mobile phone number. Doing this will activate your account.
4. After that you will be prompted to enter your ID number, your name and your location.
5. Once you are done, accept Spider Cash’s terms and conditions. Doing that, will ensure that you are boarded on to Spider Cash’s system.
6. You will be prompted to secure your Spider Cash app with a unique PIN.
7. Spider Cash’s will then proceed to determine your credit limit.
8. Next, select the ‘Apply For A Loan’ option.
9. Once there, indicate the loan amount that you would like to borrow. Ensure that it is within your credit limit.
10. Select the payment plan or option that will be most convenient for you. It could be weekly, every two (2) or in a month.
11. After selecting and confirming the amount that you require as well as the repayment plan, your Spider Cash loan once approved, will be sent directly into your M-Pesa mobile money wallet.

How To Repay Your Spider Cash Loan Via M-Pesa

To repay your Spider Cash loan via M-Pesa Paybill, simply use the following steps:

1. Go to your M-Pesa via your Safaricom SIM Toolkit.
2. Once there, select the ‘Lipa na Mpesa’ option on the menu.
3. Next, select the ‘Paybill’ option.
4. In the field labelled as ‘Paybill Number’, type in 894957. This is the official Paybill number for Spider Cash.
5. Next, in the field labelled as ‘Account Number’, type in your M-Pesa phone number. Please make sure that is the same Safaricom M-Pesa phone number that you registered with Spider Cash.
6. Once done, type in the loan amount that you would like to repay.
7. Type in your unique M-Pesa pin.
8. Again, please make sure that all the details you provided are accurate, especially the Paybill Number and of course your phone number. After making sure the details are correct, proceed to submit your payment by selecting ‘Ok’.

How To Contact Spider Cash’s Customer Care Service Team

If you are in need of further assistance from Spider Cash, please feel free to reach out to the loan provider’s customer care via the following channels:

1. Their official E-mail address: info@spidercash.co.ke
2. Their official phone numbers: +254 204400690 and +254 202415500.
3. Their offices at Westlands, Nairobi.