PesaZone makes it easy for you to obtain a loan from your smartphone.
How To Access the Loan App
*Download and install the PesaZone App on your smartphone
*Launch the App and register by providing your personal details
*View your loan limit and submit your loan request
Benefits of PesaZone Loan App
-No registration fees, you just sign up and proceed to request a loan.
-We don’t require any paperwork or security/guarantors
-You can request a loan from any physical location without having to travel
-Loan applications are processed within 2 minutes
-You receive the exact loan amount you apply for
Loan Repayment
– To repay, either use M-Pesa Xpress on the App or our pay bill number and provide the phone number you registered with as the account.
– Loan repayments are made via M-Pesa and are applied instantly.
– You may repay your loan before the due date and in instalments of any amount.
– Excess payments will be automatically applied to your future loan requests.
– You can request another loan immediately you settle the current one.
Loan Calculation
Tenure: 63 days to 150 days
Loan Amount: from Ksh.250 to Ksh. 50,000.
Maximum APR is 52%
For example, for a loan processed with a principal amount of 10,000, a 90 – day loan payment term and an interest of 12%. The total interest charges would be Ksh. 1,200, the total amount due would be Ksh.11,200
i.e. ((12/100) x 10,000) +10,000=11,200
Contacts
– For any queries
Email: [email protected].
You can learn more about loan apps in Kenya on this website
