🇰🇪 Buy Now, Pay Later Apps In Kenya: LipaLater Review 2022
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LipaLater is a Buy Now, Pay Later product financing option offered by Odyssey Capital that provides convenience while shopping at the 500+ retail partner stores through spreading of payments in flexible monthly installments.
How To Qualify For LipaLater Product Financing
In-order to use LipaLater service, applicants are required to submit 6-months mpesa statement or 3-months bank statement.
Does LipaLater perform a credit check? Yes
How To Register & Apply For LipaLater Product Financing
Navigate to LipaLater website
Click on the ‘Sign Up’ and proceed to create your account by entering the information required in the various steps such as;
Step 1: Personal details
In this section, enter your first & last name, birth date, ID type & number, phone number, marital status and gender
Step 2: Employment details
Select your employment type i.e employed/self employed
If self employed, you will be required to state your business type from the list of provided options i.e student, freelancer, proprietorship, partnership or limited company and the method with which you receive payments ( bank/mobile money/cash)
In addition, you are required to state your average monthly expenses in relation to personal & business as well as your gross business monthly revenue.
If employed, select whether in the private/govt sector, employer name, job function/level, mode of salary payment (Mobile money/Cash/Bank) in addition to net monthly income and monthly expenses.
Step 3: Kin details and residential address
Provide your next of kin name, phone number & relationship as well as your county, address, postal code and house number.
Step 4: Login Credentials
In this section, enter your email address and generate a password.
Sign in to your account to access your credit limit and submit your M-Pesa statement for credit approval.
LipaLater Credit Limit Amount, Interest Rate And Repayment Duration
LipaLater offers a credit limit of up to Ksh200,000 at a fixed interest rate of 4.2% repayable within a period of 2-12 months with no deposit amount required.
In-order to determine installment amount to be paid based on product price and repayment period, one can use the LipaLater loan calculator by
– Selecting your currency
– Entering item price
– Entering repayment period between 2-12 months
How To Order For An item Using LipaLater
Sign in to your LipaLater account and proceed to the LipaLater online shop
Select your preferred product whereby its price will be displayed alongside the monthly installment to be made.
Click on ‘Add to Cart’ and proceed to check out and choose ‘LipaLater’ to place your order and await its delivery.
How To Repay LipaLater
a) How To Repay LipaLater Via Paybill
– Go to M-Pesa menu
– Select Lipa Na M-Pesa
– Select Paybill
– Enter the Paybill number 174199
– Enter account number LP
– Enter amount
– Enter M-Pesa PIN
b) How To Repay LipaLater Online
Login to your LipaLater account
Click on ‘Wallet’ to display your details such as balance, amount paid and due date
Proceed to click on ‘Make Payment’
List Of LipaLater Retail Partners
LipaLater boasts of 500+ retails partners which include;
|Bold Industrial||Tris Motorcycles||Leviticus Electronics|
|Safvic Furniture||Carpet City||Compland Shop|
|Rebune International||Dignity Furnitures||Engineering Supplies Limited|
|Yucca Sounds||Dogtas||Copyrite Furniture|
|Vish Electric||Cheki||Mall For Africa|
|Sunny Daze||Victoria Courts||Vitafoam|
How To Contact LipaLater
Daykio Plaza, 1st Floor, Office Suite 1.3
Ngong Lane, Ngong Rd
P.O. BOX 43537 – 00100
Tel: 0709 684000