LOANIKA LOANS - Instant Business & Emergency Loans in Kenya

LOANIKA LOANS

Loans From Ksh 3,500 to 50,000

LOANIKA LOANS Your Financial Solution Awaits!

Whether you need capital to grow your business or funds for an emergency, LOANIKA LOANS provides quick, affordable financing tailored to your needs. Get the money you need in minutes, not days!

LOAN APPLICATION

Full Name

Safaricom Phone Number (with active M-Pesa)

National ID Number

Nationality

Next of Kin Full Name

Next of Kin Phone Number

Monthly Salary (Ksh)

County

How You Reached Us

Type of Cash Loan

Loan Amount (Ksh)

Email Address

Instant Disbursement

Money in your M-Pesa within minutes of approval

Business Growth

Get capital to expand your business today

Emergency Funds

Quick cash for unexpected expenses

Clear Terms

Know exactly what you'll repay upfront

How It Works

Fill out our simple 2-minute application
Get instant approval decision
Receive funds directly to your M-Pesa
Grow your business or handle emergencies
Repay easily on your next payday

Interest Rate: 4.55% per month | Loan Amount: Ksh 3,500 - 50,000

Last Updated:

1. Introduction

LOANIKA LOANS ("we," "our," or "us") is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website or use our services.

2. Information We Collect

We may collect personal information that you voluntarily provide to us when you apply for a loan, including:

Full name
Contact information (phone number, email address)
National ID number
Next of kin information (name and phone number)
Monthly salary information
Location information
Financial information
Other information necessary for loan processing

We also automatically collect certain technical information when you visit our website:

IP address
Browser type and version
Pages visited and time spent
Device information

3. How We Use Your Information

We use the information we collect to:

Process your loan application
Verify your identity
Assess your creditworthiness
Disburse loans and collect repayments
Communicate with you about your account
Improve our services and website
Detect and prevent fraud
Comply with legal and regulatory obligations

4. Data Sharing and Disclosure

We may share your information with:

Credit reference bureaus
Payment processors (M-Pesa)
Regulatory authorities when required by law
Service providers who assist in our operations

We do not sell your personal information to third parties.

5. Data Security

We implement appropriate technical and organizational measures to protect your personal information against unauthorized access, alteration, disclosure, or destruction. These include:

Secure servers and encryption
Access controls
Regular security audits

6. Data Retention

We retain your personal information only for as long as necessary to:

Fulfill the purposes for which it was collected
Comply with legal requirements (typically 7 years for financial records)
Resolve disputes
Enforce our agreements

7. Your Rights

Under Kenyan data protection laws, you have the right to:

Access and receive a copy of your personal data
Request correction of inaccurate or incomplete data
Request deletion of your data when no longer necessary
Object to processing of your data
Withdraw consent where processing is based on consent

To exercise these rights, please contact us using the information below.

8. Cookies and Tracking Technologies

We use cookies and similar technologies to:

Enhance user experience
Analyze website traffic
Prevent fraud

You can control cookies through your browser settings.

9. Changes to This Policy

We may update this Privacy Policy periodically. We will notify you of significant changes by posting the new policy on our website and updating the "Last Updated" date.

10. Contact Us

If you have any questions about this Privacy Policy or your personal data, please contact us at:

Email: privacy@loanikaloans.com
Phone: +254 700 000000
Address: Loanika Loans, P.O. Box 0000, Nairobi, Kenya

Last Updated:

1. Acceptance of Terms

By accessing or using the LOANIKA LOANS website and services, you agree to be bound by these Terms and Conditions and our Privacy Policy. If you do not agree with any part of these terms, you must not use our services.

2. Loan Services

LOANIKA LOANS provides short-term loan services to qualified applicants:

Loan amounts: Ksh 3,500 to Ksh 50,000
Repayment period: Up to 30 days
Interest rate: 4.55% per month
No hidden charges

3. Eligibility Criteria

To qualify for a loan, you must:

Be at least 18 years old
Be a Kenyan resident with a valid national ID
Have an active M-Pesa account registered in your name
Have a verifiable source of income
Meet our credit assessment criteria

4. Application Process

When applying for a loan:

You must provide accurate and complete information
We may verify your information through third parties
We may request additional documentation
Providing false information is grounds for immediate rejection

5. Loan Approval and Disbursement

Loan approval:

Is subject to our credit assessment
Is at our sole discretion
May be rejected without providing a reason

Approved loans:

Will be disbursed to your M-Pesa account
Must be used for the stated purpose
Are subject to these Terms and Conditions

6. Repayment Terms

You agree to:

Repay the full loan amount plus interest by the due date
Authorize automatic deductions from your M-Pesa
Ensure sufficient funds are available on the repayment date

7. Late Payments and Default

Late payments will incur the following charges:

1-7 days late: 10% of outstanding amount
8-14 days late: 20% of outstanding amount
15+ days late: 30% of outstanding amount plus possible legal action

Default consequences:

Negative reporting to credit reference bureaus
Debt collection procedures
Legal action including court proceedings
Blacklisting from future loans

8. Credit Reporting

We report loan information to licensed credit reference bureaus in Kenya as required by law. This includes:

Loan applications
Loan performance (timely payments or defaults)
Outstanding balances

9. Customer Responsibilities

You agree to:

Use the loan for its intended purpose
Repay on time as agreed
Update us with any changes to your contact information
Not transfer or assign the loan to another party

10. Limitation of Liability

LOANIKA LOANS shall not be liable for:

Any indirect, incidental, or consequential damages
Loss of profits or business opportunities
Events beyond our reasonable control

Our maximum liability shall be limited to the loan amount disbursed.

11. Changes to Terms

We reserve the right to modify these terms at any time. Changes will be effective upon posting on our website. Your continued use of our services constitutes acceptance of the modified terms.

12. Governing Law and Dispute Resolution

These Terms and Conditions shall be governed by Kenyan law. Any disputes shall be resolved through:

Negotiation between parties (30 days)
Mediation if negotiation fails
Court proceedings in Nairobi if mediation fails

13. Contact Information

For any questions regarding these Terms and Conditions, please contact us at:

Email: support@loanikaloans.com
Phone: +254 700 000000
Address: Loanika Loans, P.O. Box 0000, Nairobi, Kenya
Working Hours: Monday-Friday, 8:00 AM - 5:00 PM