LoanPesa loan app is provided by LoanPesa . The Kashbean loan app is available on the Playstore, is accessible to all Kenyans and has over 10K+ downloads as well as a 4.1/5 star rating with 160+ reviews.
LoanPesa Loan App Download
Download and install the LoanPesa loan app from the Playstore
Upon launching the app, click on ‘Apply Now’ and read, understand and agree to the terms and agreement of the app then click on ‘Sign In/Sign Up’ to begin creating your LoanPesa account.
Input your phone number then wait for a confirmation code that will be sent via SMS. Enter the code then create a 4-digit password and click ‘Login’
How To Register For LoanPesa Loan
On the app’s homepage, click on ‘Apply’ to begin the registration process requiring your:
National ID information: names (first,middle & last), ID number, gender, date of birth and personal email address
Contact Information of two referees containing full legal name, number and relationship
Other Information: marital status, education, employment, monthly income, payday, company/home address and possibility of any other outstanding loans.
How To Apply For LoanPesa loan
On the homepage, your loan limit will be displayed in addition to other loan details such as loan term, amount to be disbursed, interest rate as well as amount to be repaid.
It should be noted that interest rate is deducted before the loan disbursement implying that the amount received will be less than the application amount.
Click on ‘Apply’ to confirm your application then ‘Submit’ to complete the application process.
LoanPesa loan amount, Interest Rate and Repayment Duration
LoanPesa loan amounts range from Ksh1,000 to Ksh5,000 repayable within 14 days at interest rates varying between 9-21%. However, loanpesa total fees include interest plus processing fee which is subtracted before the loan is disbursed.
For instance, a loan of Ksh1,000 will attract interest of Ksh8 and processing fee of Ksh202 thereby bringing the disbursed amount to Ksh790
How To Contact LoanPesa Customer Support
Phone: 207651333 or 0712070030
Categories: Loan Apps