FAQs
What types of loans does Oasis Capital offer?
Oasis Capital offers a variety of loans, including personal loans, business loans,car loans,education loans,home loans and wedding loans.Kindly spare time to check on our services to learn more about the loans.
Who is eligible to apply for a loan at Oasis Capital?
To be eligible for a loan, applicants must be registered members of Oasis Capital,be 18 yrs and above , must be approved by a guarantor, and meet other specific requirements of the loan product they are applying for.
What is the maximum loan amount I can apply for?
The maximum loan amount for Personal Loans is Kshs 1,000,000 (One million).
What are the interest rates for loans?
Oasis Capital offers 16% interest rate per month.
Can I pay off my loan early, and are there any penalties for early repayment?
Early repayment is possible, and we encourage it as it reduces the total interest payable. Please check with our loan guarantor/officer if any penalties apply for early repayment of your specific loan product.
What is the repayment period for a loan?
Personal loans need to be settled within the specified timeframe, typically within four weeks for smaller loans. The duration for repayment may differ based on the type of loan and the terms set during the loan approval process.
What collateral is required to secure a loan?
Loans must be fully guaranteed by a guarantor against his or her shares or by collateral such as a title deed or a vehicle log book, which covers up to 70% of the loan value after independent valuation.
How long does it take to process and disburse a loan?
Loan processing and disbursement happen instantly after the application is approved.
Are there any additional fees involved in loan processing?
Borrowers may incur additional costs, such as transaction charges, penalties, the cost of conducting colateral verifications or other fees related to loan processing. Specific fees will be outlined during the loan application process.
How can I apply for a loan?
You can apply for a loan by contacting us via our contact form found on our website, or calling our customer service representatotive. Our staff will guide you through the application process and inform you about all necessary documentation.
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