How to Automate Loan Payments.  

At Asante Financial Services Group, we understand the importance of timely loan repayments and have designed our digital credit service to be fast, flexible, and accessible to entrepreneurs across the African region. With our loan calculator and credit decisioning technology, we aim to provide our clients with the tools they need to make informed financial decisions and stay on track with their loan repayments.

As an entrepreneur, taking out a loan can be a great way to support your business growth. However, it’s important to remember that timely loan repayments are crucial for maintaining a healthy financial profile and avoiding additional fees. Automating your loan payments can help you stay on top of your loan repayments and avoid missing deadlines and rollover fees.

So, what exactly is loan automation? Simply put, loan automation is the process of setting up automatic payments for your loan. This means that your loan repayments are automatically deducted from your bank account on a predetermined schedule.

The key benefits of loan automation include:

• It helps you to avoid missing payment deadlines. When you miss a payment deadline, you risk being charged a late fee, which can add up over time and make it more challenging to complete your loan repayment. Automating your loan payments and help you ensure that your payments are made on time, every time, without ever having to worry about manually scheduling payments.
• It helps you to avoid rollover fees. When you fail to make a payment on your loan, you may be charged a rollover fee, which can increase the amount of money you owe. By automating your loan payments, you can avoid these fees and keep your loan payments on track.

At Asante, we offer our clients the ability to automate their loan payments through our digital credit service in addition to automated reminders to keep them up to date with their payment schedule. Our loan calculator and credit decisioning technology helps our clients to make informed financial decisions, and our loan automation feature helps them to stay on top of their loan repayments.

For example,  you take out a loan of 100,000 Kenyan shillings, and you set up loan automation for a monthly payment of 100,000 Kenyan shillings. With loan automation, you won’t have to worry about manually making your loan payments on your due date, the 100,000 Kenyan shillings will be automatically deducted from your bank account on the same day. This ensures that your loan repayments are made on time, every time.

In conclusion, automating your loan payments is an excellent way to avoid missing payment deadlines and rollover fees, ensuring that your loan repayments remain on track. With Asante’s advanced loan calculator and credit decisioning technology, you can make informed financial decisions and take advantage of our digital credit service to support your business growth. Trust us to help you achieve your financial goals.

Asante FSG’s Kenyan entity Asante FS East Africa Limited recent regulation by the Central Bank of Kenya means that our clients can trust us to provide reliable and secure financial services. Further to which, all our entities are regulated by the various regulatory bodies  With our digital credit service, entrepreneurs across the region will continue to access loans that are designed to support their business growth and are part of a trusted network.