Ipesa loan app

IPesa is a loan app offered by XCredit. The app is available on the Google Playstore and is accessible to all Kenyans and has over 500K+ downloads in addition to a 3.9/5 star rating with 3.8K+ reviews.

REQUIREMENTS

All one need for eligibility is an a Safaricom phone number, be at least 18 years of age who possesses a valid National ID.

Additionally, the app requires access to your phone data in order to determine your eligibility.

REGISTRATION PROCESS

Download, install and launch the app.

Input your phone number and click on ‘Click to get’ to receive an OTP code via SMS that you will use to Login/Register.

LOAN AMOUNTS

Loan sizes range from as low as Ksh 2,000 to a maximum of Ksh.10,000

FEE RATE

The origination fee is charged 15%

REPAYMENT DURATION

The loans provided are repayable within 14 days from the date of disbursement.

REPAYMENT PROCEDURE

To make a repayment, follow these steps:
1. Navigate to M-Pesa in your Safaricom menu on your phone
2. Select Lipa na M-PESA
3. Choose the Paybill option
4. Enter the Paybill number 192010
5. For account number, enter your M-Pesa number on which you registered with.
6. Enter your repayment amount
7. Enter your M-PESA pin
8. Confirm that all details are correct and press ‘OK’.

APP PERMISSIONS

This app has access to:

  • Contacts- read your contacts and modify your contacts
  • Location- approximate location (network-based) and precise location (GPS and network-based)
  • Phone- read phone status and identity
  • Photos/Media/Files- read the contents of your USB storage and modify or delete the contents of your USB storage
  • Storage- read the contents of your USB storage and modify or delete the contents of your USB storage
  • Camera- take pictures and videos
  • Wi-Fi connection information- view Wi-Fi connections
  • Device ID & call information- read phone status and identity

Other

  • Receive data from Internet
  • View network connections
  • Connect and disconnect from Wi-Fi
  • Full network access
  • Prevent device from sleeping

LATE REPAYMENTS

Late loan repayments automatically incur a fee of 2% per day as well as inability to get subsequent or larger loans.

OVER PAYMENTS

After reconciliation of all payments, excess funds will be reversed to your M-PESA account within 15 days.

REPAYMENT DATE EXTENSION

None.

CONTACT DETAILS

Phone: 0757 222 979

Facebook: https://www.facebook.com/iPesaKenya/