How To Apply For And Repay A GetBucks Loan In Kenya

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

One of those mobile loan apps available in Kenya, is GetBucks.

GetBucks is an online lender that has began its operations in 2011. GetBucks which operates based on the motto of “giving money to maintain a lifestyle and not change it”, offers users personalized credit based on their borrowing behavior or pattern. This method is aimed at improving the repayment terms.

One major strength of GetBucks is the high maximum loan amount that it gives to loan applicants. Another major strength of GetBucks, is its convenient repayment period.

GetBucks offers personal loans, as well as Vehicle Logbook loans (obtainable here: https://ke.getbucks.com/development)

What You Should Know About GetBucks Loan

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

1. GetBucks charges a flat fee of 300 Kenyan Shillings for loans of a duration of six (6) months.
2. The GetBucks Loan app, is available on Google Playstore (https://play.google.com/store/apps/details?id=com.getbucks.app&hl=en) as well as the Apple App Store (https://itunes.apple.com/za/app/getbucks/id987086240?mt=8).
3. All GetBucks loan applicants must be employed.
4. You must be earning a salary of 15,000 Kenyan Shillings and above in order to be eligible for a GetBucks loan.
5. You should be a permanent employee for a duration of at least three (3) months.
6. You must be void of any sequestration, administration review or debt review.
7. Your employer must also agree to be part of your GetBucks loan application process.
8. Ensure that you have your national ID or at least a copy.
9. You must have an active bank account.
10. Your two (2) months bank statement detailing a net pay of 15,000 Kenyan Shillings and above.
11. A Copy of your ATM card.
12. Your Current payslip.
13. A summary reflecting your M-Pesa transactions for the last six (6) months. To obtain your M-Pesa transactions summary, you can visit this link to register: https://selfcare.safaricom.co.ke/frontend/rest/v1/login

How To Apply For A GetBucks Loan

The loan process at GetBucks is not complicated. At all. To apply for a GetBucks loan, simply:

1. Go to Google Play Store on your android device and search for ‘GetBucks’. Alternatively, you can download the Zash Loan Mobile app via this link: https://play.google.com/store/apps/details?id=com.getbucks.app&hl=en . It is also available in the Apple App Store.
2. As soon as you are done downloading the GetBucks Loan application on your smartphone, install and launch the application.
3. Next, provide GetBucks with some details about yourself via the mobile app.
4. Once done, type in the necessary information about your salary and expenses.
5. Once your information has been verified, proceed to apply for your GetBucks loan and then select from either of the options available.

The particular amount of money that you can borrow from GetBucks, depends on your credit history which will be determined by the information you provide.

As soon as your loan has been approved, GetBucks will proceed to either deposit your loan to your M-Pesa mobile wallet account or use EFT to transfer the loan amount to your bank account.

Penalties For Late GetBucks Loan Repayments

While applying for and subsequently securing a GetBucks loan is relatively simple, not paying back your loan leads to dire consequences. Below, are some of the consequences:

1. You will be locked out of your GetBucks dashboard via their website and mobile apps.
2. GetBucks will proceed to report your non-payment to multiple credit bureaus a decision, which will negatively impact your credit score.
3. GetBucks will also proceed to carry out a standard third-party collection process which will incur extra costs.
4. The possibility of GetBucks resorting to legal actions, will also be high.

How To Repay Your GetBucks Loan Via Paybill

To repay your GetBucks loan via Paybill, simply:

1. Open up your M-Pesa
2. Select the ‘Lipa Na Mpesa’ option.
3. Next type in 929111 as the business number in the Business Number field. This is the Paybill number for GetBucks Loan.
4. Once done, type in your National ID number as the account number in the Account Number field.
5. Next, type in the Loan amount you would like to pay.
6. Type in your M-Pesa PIN.
7. Once done, select submit.

Upon submission of your loan repayment, you will receive a notification from GetBucks as well as M-Pesa, confirming that your repayment transaction was successful and that your GetBucks loan has been settled.

How To Repay Your GetBucks Loan Via Bank Account

To repay your GetBucks loan via Bank Account, simply deposit the loan amount to the bank details below:

Bank: Kenya Commercial Bank

Branch: Kipande House

Account Name: Emu-Inya Enterprises Ltd

Account No:1126946575

After paying back your GetBucks loan, please make sure to send your proof of payment to kenyainfo@GetBucks.com. Also, attach your ID number to the email and type in ‘Proof of Payment’ as the subject of your email.

You also be requested to provide the M-Pesa transaction alphanumeric code for the statement request payment.

How To Contact GetBucks

GetBucks has a reputation of having excellent customer service/customer support system so if you need further assistance, feel free to reach out to the loan provider via the following channels:

Phone numbers: 020 2434017 and 020 2434019

Email: kenyainfo@GetBucks.com for general enquiries and for documentation.

Twitter: @GetBucksInt (https://twitter.com/GetBucksInt).

You can also reach out to GetBucks via their official website: https://ke.GetBucks.com/