L-Pesa Personal Finance Loans 1.0.39

The L-Pesa application allows users to easily access loans anytime, anywhere. With a simple sign-up process, users can apply for a loan and receive the funds directly into their account. It provides a fast, convenient, and reliable way to access money when needed.

Get your loan directly to your mobile account, similar to M-Pesa in Kenya.

Getting started with L-Pesa is effortless:

• Create your account
• Apply in seconds
• Receive your loan straight into your mobile money
• Build your credit scores to access higher limits

Your mobile loan is sent to your mobile money account without any hassle.

Key Features of L-Pesa:

• No paperwork, collateral, or office visits required
• Use the funds for personal or business purposes
• No late charges or rollover fees
• Access to bigger loans, lower fees, and flexible payment terms as you repay
• Fast approval process and quick disbursement of loans
• Option to choose repayment terms up to a minimum of 9 weeks

L-Pesa ensures the safety and security of personal loan applications. It uses existing data on your phone, like SMS history, to verify your identity and create a credit score. All shared data is encrypted for privacy protection. L-Pesa takes privacy seriously and guarantees not to share any information with third parties.

Loan terms offered by L-Pesa:

• Loan amounts range from a minimum of 100 KES to a maximum of 70,000 KES
• Monthly interest rates range from 2% to 16%
• Effective annual percentage rates (APR) range from 22% to 199%
• A one-time loan processing fee of 3% applies

Interest rates are determined based on factors like repayment history and lending costs for L-Pesa. Customers have the option to repay the loan before the due date and become eligible for another loan. Standard SMS and data charges from the mobile carrier may apply.

For example, a 63-day loan with a principal of KES 1,030 would have a processing fee of KES 31 (3%) and an interest of KES 263. The total amount due would be KES 1,294.

Depending on the eligible loan amount, users can choose repayment terms ranging from a minimum of 63 days to a maximum of 730 days. Auto-debit is not guaranteed, giving users flexibility in deciding when to repay.

Loan repayments are scheduled weekly.

If the loan repayment duration is exceeded, users will not be able to access further loans until the repayment is complete, and their credit limit will be reduced as their credit score decreases.

To repay your loan:

• Use M-Pesa Pay bill number: 715489
• For the account number, use your registered phone number or loan reference number

Loan payments can be made in full or partially before the due date.

Contact L-Pesa:

• Email: [email protected]
• Facebook: https://www.facebook.com/lpesacareske/
• Website: http://www.l-pesa.com/
• Whatsapp: +254743300689 / +254110095554