L-Pesa loan app

L-Pesa loan app is offered by L-Pesa Microfinance. The mobile loan app is available on the Google Playstore and is accessible to all Kenyans and has over 50K+ downloads as well as a 3.6/5 star rating with 300+ reviews.

REQUIREMENTS

To qualify for an L-PESA loan, one requires 6 months history with MPESA or AIRTEL and a minimum of 10 transactions performed on your mobile banking account.

REGISTRATION PROCESS

Download, install and launch the L-Pesa app.

Upon launch, you will be required to complete the registration steps which include:

Step 1: Input your phone number as well as email address.

Step 2: Submit your selfie

Step 3: Input your Full name and the verification code ( sent to email address submitted in step 1 )

Step 4: Requires details of either your Passport, Driving license, National ID or Voter ID and lastly a photograph of your ID with all personal details legible.

LOAN AMOUNTS

Loan limits vary with a minimum of Ksh 100 and the maximum of Ksh 70,000.

FEE RATE

Interest rates range between 13%-29%

REPAYMENT DURATION

Repayment is done weekly.

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 715489
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:

  • 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
  • Full network access
  • Prevent device from sleeping

LATE REPAYMENTS

L-Pesa only provides one chance. If you do not repay your loan on time, you will lose your access to cash, and your credit score with L-Pesa shall go down to Zero.

OVER PAYMENTS

N/A

REPAYMENT DATE EXTENSION

None.

CONTACT DETAILS

Phone: 0743 300 689

Email: info@l-pesa.com

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