🇰🇪 Buy Now Pay Later Apps In Kenya: Aspira Review 2023
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Aspira is a Buy Now, Pay Later product finance option by CIM Credit Kenya Ltd to Kenyans that offers assistance in the achievement of lifestyle aspirations via accessible and hassle-free product financing.
How To Qualify For Aspira Product Financing
Before one can access the benefits of Aspira product financing, there are several eligibility requirements that are to be met. These include;
– Possession of a valid personal verification document i.e national ID or passport
– Latest 3-month M-Pesa statement
– Latest 3-month bank statement
– Payslip (optional if unemployed)
Yes. In addition to the above, Aspira also performs a credit assessment check which generally assists in determining the applicant’s financial ability to make repayment. Such parameters include;
– Current income level
– Monthly expenses
– Other financial commitments such as debt
Some of the above information may be sought from credit reference bureaus to ascertain one’s credit history.
How To Register For Aspira Product Financing
Prior to using Aspira, registration to the service is mandatory and this can be done via website using the below procedure.
Navigate to the Aspira website
Click on the ‘Apply for finance’ link located at the top of the page
Proceed to fill in the required details such as first & last name, mobile number, email address, job type ( self-employed/permanently employed), area/city of residence, product/interest, ID, source from which you found the item of interest as well as retailer name offering the item.
Solve the reCAPTCHA and click ‘Submit’ to finalize the registration process.
Upon completion, you will receive a notification stating that a representative will be in touch within 24 hours.
How To Apply For Aspira
Download, install and launch the Aspira app from either Playstore or Appstore
Enter your email address, phone number and national ID
Read, understand and agree to Aspira’s terms, conditions and privacy policy by selecting the checkbox then click ‘Next’ to proceed.
Verify your mobile number by entering the 6-digit code sent to you via SMS then tap ‘Validate’
On the next screen, your available limit and allocated limit will be displayed.
Note: If your limit is zero and you are an existing customer, click on ‘Refresh limit’. For new customer(s), proceed to enter your employment status, employer’s name & employment duration, referee national ID and M-Pesa mobile number then click ‘Next’
Depending on your CRB rating your request will be denied or approved.
Aspira Credit Limit Amount, Interest Rate And Repayment Duration
For approved applicants, Aspira offers a credit limit of between Ksh10,000 to Ksh500,000 whereby depending on the value of an Aspira financed item, a 10% deposit is required up front for 1st time clients while for repeat clients is 0% deposit.
Note: This credit limit applies to one product at a time therefore no multiple products can be financed simultaneously.
In addition, Aspira charges a 3 to 7% flat rate monthly interest on the loan amount subject to one’s credit score and also offers 90% finance for upto 12 months for 1st time clients and 100% for repeat clients.
In-order to find out the deposit amount and installment amount in relation to a product’s price & repayment period, one can make use of the Aspira loan calculator option
All one is required to do is;
– Select the product to be financed from the list provided.
– Enter the product price
– Select the repayment period between 3-12 months
How To Pay Aspira
Aspira repayment can be made via
– M-Pesa till number 196528
– Paybill number 711136 (use your ID number as your account number)
– Pay Now option via Aspira app
List Of Aspira Retail Partners
Aspira has specific retail partners whereby their product financing option is applicable depending on the product range. They include;
The entire list can be found at Aspira retail partners.
| ELECTRONICS | ||
| HotPoint | Canon | Globo Edge Solutions |
| SkyGarden | Vivid Gold | Dixons |
| Samsung Kenya | Nikon | Trichom Technologies |
| LG Opalnet | OfficeMart | Galectro |
| Textbook Centre | Xiaomi | Coastal Image Technologies |
| Salute iWorld | Cameras Africa | Imaging Solutions |
| iPhone Street Kenya | Haier | Ken Computers – Mombasa |
| Elite Digital Solutions | FGee Technology | Azone |
| Compland Shop.com | Click Electronics | Almuri Technologies |
| Kenyatronics | Omaar Marketplace | Vision Plus |
| Humtech Shop | Gametroniq | Alibhai Shariff |
| Panna Music Centre | Excalibur Dealers | |
| FURNITURE | ||
| Tile & Carpet Centre | Dr. Mattress | Moko |
| Furniture Palace | Odds & Ends | SkyGarden |
| Victoria Courts | Zetu Furniture | Sofi’s Gal;ery |
| Ashley | Naivas | Saj Ceramics |
| Fairdeal Furniture | Victoria Office | Vivaldi |
| TACC Store | Dignity Furniture | OfficeMart |
| Creative Innovations | Crown Paints | Hudson Furnishing |
| Eagle Hardware – Eldoret | Sunny Daze | Superfoam |
| VitaFoam | ||
| HOME APPLIANCES | ||
| HotPoint | Naivas | Armco |
| Samsung | LG Opalnet | SkyGarden |
| Zedsons Ltd | Xiaomi | Crown Paints |
| Haier | Leviticus Electronics | Nairobi Home Appliances |
| NewMatic Kitchen Appliances | Bosch | Housewife’s Paradise |
| Ramtoms | Mika |
How To Contact Aspira
CIM Credit Kenya
8th floor, West Park Towers,
Westlands Nairobi, Nairobi 00100, Kenya
Email: tellmemore@aspira.co.ke
Tel/Whatsapp: 0777 900 077
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