Okolea Loan Penalties For Late Repayments
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Okolea loan app is offered by Okolea International. The mobile loan app is available in the Google Playstore, is accessible to all Kenyans and has over 100K+ downloads as well as a 3.7/5 star rating with 7.4K+ reviews in the Playstore.
Loan amounts range from Ksh 600 to Ksh 250,000 with fee charges ranging from 5% to 15% depending on repayment duration i.e 5% ( 2 days ), 8% ( 7 days ), 11% ( 14 days ), 13% ( 21 days ) and 15% ( 28 days ).
Failure to repay the loan upon due date will attract repercussions as outlined in Okolea’s Terms and Conditions.