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.
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.
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 limits vary with a minimum of Ksh 100 and the maximum of Ksh 70,000.
Interest rates range between 13%-29%
Repayment is done weekly.
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’.
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
- Receive data from Internet
- View network connections
- Full network access
- Prevent device from sleeping
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.
REPAYMENT DATE EXTENSION
Phone: 0743 300 689