Okolea Loan Penalties For Late Repayments

Okolea loan app is offered by Okolea International. The mobile loan app is available in the Google Playstore, is accessible to all Kenyans and has over 100K+ downloads as well as a 3.7/5 star rating with 7.4K+ reviews in the Playstore.

Loan amounts range from Ksh 600 to Ksh 250,000 with fee charges ranging from 5% to 15% depending on repayment duration i.e 5% ( 2 days ), 8% ( 7 days ), 11% ( 14 days ), 13% ( 21 days ) and 15% ( 28 days ).

Failure to repay the loan upon due date will attract repercussions as outlined in Okolea’s Terms and Conditions.