LoanBee Loan Penalties For Late Repayments
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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.
The loan amounts offered by LoanBee range from as low as Ksh 100 to a maximum of Ksh 40,000 with interest rates between 16.7% and 18.8% depending on the amount borrowed as well as the repayment duration.
Repayment terms are flexible at 21 days and 30 days.
Failure to repay the loan upon due date will result in being reported to CRB as stated in LoanBee’s Terms and Conditions.
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