Last updated on November 23rd, 2023 at 01:44 pm
The below guide is on how to increase your Zenka loan limit and also how to check your Zenka loan limit. If you are a Zenka loan customer, you may have found yourself in a situation where you need a higher limit. The good news is, that increasing your Zenka loan limit is possible, and it’s not as complicated as you may think.
Here are some tips on how to increase your Zenka loan limit
To quickly increase your Zenka credit limit, establish a positive repayment history with Zenka by consistently repaying loans on time.
1. Use the Zenka loan app regularly
One of the most important factors in determining your loan limit is how frequently you use the app. If you are a regular user, you are more likely to get a higher loan limit. Using the app regularly shows Zenka that you are a responsible borrower and can handle higher loan amounts.
Also Check the full guide Zenka loan application step-by-step
2. Borrow and repay on time
Another factor that determines your Zenka credit limit is your repayment history. If you have borrowed and repaid your previous loans on time, you are more likely to get a higher loan limit. Zenka wants to see that you are a responsible borrower who can repay your loans on time.
3. Increase your income
Your income also plays a role in determining your Zenka credit limit. If you have a higher income, you are more likely to get a higher loan limit. You can increase your income by taking on additional work or finding ways to earn more money.
4. Improve your credit score
Your credit score is a measure of your creditworthiness. If you have a higher credit score, you are more likely to get a higher loan limit. You can improve your credit score by paying your bills on time, keeping your credit card balances low, and not applying for too much credit at once.
5. Apply for a higher loan amount
Finally, you can always apply for a higher loan amount to see if Zenka approves it. If you have a good repayment history and can afford to repay a higher loan amount, Zenka may approve your request.
6. Verify your identity
Verifying your identity on the app is essential to increasing your loan limit. It helps Zenka confirm that you are who you say you are and reduces the risk of fraud.
To verify your identity, enter your Safaricom phone and ID No. on the app. Zenka will then review and confirm your identity
7. Request a limit increase
Finally, if you’ve been a responsible borrower and have a good credit history, you can always request a limit increase. Contact Zenka and ask if you’re eligible for a higher limit. They may ask for additional information, such as your income or employment status, so be prepared to provide that information.
In conclusion, increasing your Zenka loan limit is possible. Use the app regularly, borrow and repay on time, increase your income, improve your credit score, and apply for a higher loan amount to increase your chances of getting a higher loan limit.
How do I check my Zenka loan limit?
To check your Zenka loan limit, just log into the Zenka app, and you’ll see how much you are allowed to borrow. The other way to check Zenka’s loan limit is to contact their customer care support team, and they will review your credentials and give you feedback on how much loan you are allowed to borrow. This is how you can check your Zenka loan limit.