REGISTRATION CODE: SW7E6M8TQL

LoanBee loan app

LoanBee loan app is offered by Weza Ventures. The mobile loan app is available on the Google Playstore and is accessible to all Kenyans and has over 100K+ downloads as well as a 4.1/5 star rating with 4.3K+ reviews in the Playstore.

REQUIREMENTS/ ELIGIBILITY

To be able to use the LoanBee app, one needs to own an android smartphone, be at least 18 years with a valid national ID, be a registered Safaricom subscriber and also have an email address.

In addition, users must also grant the app permission to access your phone data in order to further ascertain the user’s eligibility.

REGISTRATION PROCESS

1) Download and install the LoanBee app.
2) Upon opening the app, you will be required to register your details which include full names as per your national ID, M-PESA number and email address.
3) Under the promotion code, kindly input the code SW7E6M8TQL
4) Lastly, type in your security PIN and click continue

LOAN AMOUNTS

The loan amounts offered by LoanBee range from as low as Ksh 100 to a maximum of Ksh 40,000.

FEE RATE

Interest rates are between 16.7% and 18.8% depending on the amount borrowed as well as the repayment duration.

REPAYMENT DURATION

Repayment terms are flexible at 21 days and 30 days.

REPAYMENT PROCEDURE

To make LoanBee repayments:

  1. Go to your Safaricom menu and select M-Pesa
  2. From your M-Pesa menu select Lipa na M-Pesa
  3. Select the Pay Bill option
  4. Enter the business number 923745
  5. Enter your Loan Bee registered phone number as the account number
  6. Enter your payment amount
  7. Enter your M-Pesa PIN
  8. Confirm that all details are correct and press \’OK\’

APP PERMISSIONS

This app requires access to:

  • Identity- find accounts on the device
  • Contacts- find accounts on the device and read your contacts
  • Location- approximate location (network-based) and precise location (GPS and network-based)
  • SMS- read your text messages (SMS or MMS) and receive text messages (SMS)
  • Phone- read phone status and identity
  • Device ID & call information- read phone status and identity

Other

  • view network connections
  • full network access
  • draw over other apps
  • prevent device from sleeping

LATE REPAYMENTS

Late payments result in lower credit limit as well as future loan denials.

OVER PAYMENTS

 

REPAYMENT DATE EXTENSION

None.

CONTACT DETAILS

Phone- 0719 10 53 63

Email- support@loanbee.co