UbaPesa loan app is offered by UbaPesa Ltd. The mobile loan app is available on the Google Playstore and is accessible to all Kenyans.
It has over 100K+ downloads as well as a 3.7/5 star rating with 3.4K+ reviews in the Playstore.
Ubapesa loan amounts range from Ksh 500 to a maximum of Ksh 70,000 repayable in 60 days with options of 1 payment and 3 payments.
Ubapesa fee rates are between 10.17% to 15% i.e 10% ( 60 days of 3 payments ) and 15% ( 60 days of 1 payment )
Failure to repay the loan upon due date will attract a roll over penalty fee charged on every outstanding loan on the 2nd day after the due date and again on the 10th day.
For prolonged default status, other measures shall be implemented as per Ubapesa Terms and Conditions.