Loan Application Process
• Download the HiPesa Loans app
• Fill out our quick loan application in the HiPesa Loans mobile app
• Verify your identity through our secure system
• Get cash sent directly to your M-Pesa in an instant
Loan Interest Rates And Calculations
1. Loan Amount: 250 Ksh ~ 60,000 Ksh
2. Loan Term: the shortest tenor is 61 days, the longest is 365 days
3. Interest rate: 10% APR
4. Service Fee: 0%
5. Loan request: Need to be at least 18 years old or above
For a representative example for HiPesa Loans of KSh 1,000 for 61 days Interest equals 10% (calculated on 1.06.2021); total loan amount: KSh 1,100; annual interest rate 10%; total loan cost KSh 0, including: Commission KSh 0, other Interest KSh 0; installment amount: 0Ksh
Minimum and maximum period for repayment: 61 days. Minimum Annual Percentage Rate (APR): 0%. Maximum APR: 10%
Loan Repayment Procedure
• Repay your loan with M-PESA the phone number you sign up with
• You can pay in full or make partial payments, anytime on or before your due date
• Easy repayment schedule keeps you on track with your payments
Loan App Benefits:
• Personal security PIN to ensure protection
• Track your credit with My HiPesa Loans Status
Contacts
For any queries, feel free to reach us via email at [email protected]
