Berry Loan Penalties For Late Repayments
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Berry is a loan app offered by Finberry Capital Ltd. The app is available on the Google Playstore and is accessible to all Kenyans and has over 100K+ downloads as well as a 3.4 star rating with 3.3K+ reviews.
Berry offers loans ranging from Ksh. 500 to Ksh. 50,000 whereby your credit score is largely dependent on your repayment history. Furthermore, this will also act as a determining factor in future loan increments.
Berry charges a fee of between 8% to 15% and is largely dependent on a number of factors including repayment history, lending costs as well as mobile money transaction costs, such as M-PESA charges, associated with loan repayment.
Berry offers a repayment period of up-to 30 days.
Failure to repay the loan upon due date will be penalized as per Berry’s Terms and Conditions.