Skip to content
Home » A-pesa Loan App

A-pesa Loan App

The first goal was to develop a lending app that would provide users with safe lending channels and provide a solution to the problem of urgently needing money.

A-pesa is your trusted lending platform, and our original goal was to create an app that would enable “reliable lending and worry-free use of money.”

The platform can lend up to Ksh. 50,000, the application can be finished in three easy stages, it is easy to receive loans, there is no need to go out, there is no mortgage, and there are no prepayment fees. Additionally, the application can be finished online.

We are adamant about not producing loan products with high-interest rates as a bottom line, and instead, offer user-tailored loan products that are of good quality and have reasonable interest rates.

You can submit your application on the same day that the funds will be deposited into your account, and you won’t be required to provide any guarantees. Very low-interest rates on loans, so there’s no need to be concerned.

Loan Characteristics

  • You can apply for the loan online at any time, 24 hours a day, 365 days a year, with no need to meet the lender in person, using a simple one-click process, and without being subjected to any form of harassment.
  • If you own a mobile phone, you are eligible to submit an application.
  • The interest rate is extremely cheap; for example, if you borrow 10,000 Kenyan Shillings, you will only pay an interest rate of 0.05%.
  • Easy and quick repayment, both online and offline operations are possible, and the loan may be paid back at any time and from any location.

Calculation of Interest Rates and Loans

The loan amount ranges between KSh 5,000 and KSh 8,000.
The loan duration might range anywhere from 91 days (including the time for renewal) to 365 days (including the time for renewal).
Annual Percentage Rate (APR): The annual percentage rate of interest cannot exceed 18%.

The loan amount ranges between KSh 5,000 and KSh 2,000.
The loan duration might range anywhere from 91 days (including the time for renewal) to 365 days (including the time for renewal).
The interest rate for The highest possible annual interest rate is 18%, while the daily rate is 0.05%.

Take, for instance: If you select a borrowing limit of KSh 2,000.00 and a repayment term of 120 days, the following is the amount of interest that must be paid in full: KSh 2,000.00 multiplied by 0.05% times 120, which equals KSh 120.00 in monthly interest to be paid.

The monthly repayment bill, which includes the principal and the interest, must be paid in the following amounts: KSh 2,000.00 multiplied by 0.05% multiplied by 30. KSh 2,000.00/4 + KSh 30.00 = KSh 530.00, the total amount due for the payback bill, which includes the principal and the interest, is KSh 2,000.00 + KSh 120.00 = KSh 2120.00.

Method of Repaying the Loan

We support numerous channels for payback, including as bank transfers, convenience stores, and online banking repayments, so that you may simply handle any problems that arise with regard to repayment.

Mpesa allows for repayment by e-wallets, internet banking, and other methods;

You may also have a look at the following:

Contacts

The telephone number for the customer service line: is +254207903583
E-mail: help@apesa.co.ke Website：https://www.apesa.co.ke

ZEROX TECHNOLOGY COMPANY LIMITED is the name of the parent company and its address is as follows:

Tile city, Road B off Enterprise road,

Nairobi, Kenya.

Browse through other Loan Apps in Kenya here.