Terms & Conditions

By accessing or using Swift Loan services, you agree to be bound by these Terms and Conditions. If you do not agree to these terms, please do not use our services.

These terms constitute a legally binding agreement between you and Swift Loan Kenya regarding your use of our mobile lending platform and services.

To be eligible for a Swift Loan, you must:

• Be a Kenyan citizen aged 18 years or above
• Have a valid Kenyan National ID
• Own a registered M-Pesa account
• Have a mobile phone with internet connectivity
• Provide accurate and complete information during application
• Not be listed on any credit bureau negative list
• Have demonstrated ability to repay the loan

Loan terms are personalized based on your credit profile and repayment history. First-time borrowers may have lower loan limits that increase with successful repayments.

The loan application process includes:

1. Completing the online eligibility check
2. Providing required personal and financial information
3. Agreeing to credit checks and data verification
4. Selecting your preferred loan amount and terms
5. Reviewing and accepting the loan agreement
6. Awaiting approval notification

Upon loan approval:

• Funds are disbursed directly to your M-Pesa account
• Processing fees are deducted before disbursement
• You will receive SMS confirmation of the transaction
• Disbursement typically occurs within 2 minutes of approval
• Ensure your M-Pesa account is active and functional

Loan repayment requirements:

• Repayment period: 30 days from disbursement date
• Monthly interest rate: 0.86% of principal amount
• Repayment via M-Pesa or bank transfer
• Early repayment is allowed without penalties
• Automatic reminders sent before due date

SwiftLoan offers flexible loan amounts tailored to your needs.

Loan amounts are subject to approval based on eligibility. All terms will be clearly provided before final confirmation.

In case of late payment or default:

• Late payment penalty of 1% per day on overdue amount
• Negative reporting to credit bureaus after 30 days
• Potential legal action for debt recovery
• Account suspension for future loans
• Collection agency involvement for persistent defaults

Swift Loan is committed to protecting your personal information:

• Data collection limited to loan processing requirements
• Information encrypted and stored securely
• No sharing with third parties without consent
• Credit bureau reporting for credit assessment
• Right to access and correct your personal data
• Compliance with Kenya Data Protection Act

Swift Loan reserves the right to:

• Approve or decline loan applications at our discretion
• Modify loan terms based on creditworthiness
• Suspend services for maintenance or updates
• Terminate accounts for policy violations
• Update terms and conditions with notice

Borrowers are responsible for ensuring accurate information and timely repayments.

Swift Loan may update these terms and conditions:

• Changes will be communicated via SMS, email, or app notification
• 30 days notice provided for significant changes
• Continued use implies acceptance of updated terms
• Right to close account if disagreeing with changes

It is your responsibility to review terms periodically for updates.

For questions, complaints, or support regarding these terms: