Are you short on cash and looking for a quick fix to tide you over until your next paycheck? HiPesa Loans is eager to be of assistance to you. You can apply for a loan through our straightforward lending app, and if approved, the money will be transferred to your M-Pesa account in an instant.
In this post, we will take a more in-depth look at the steps involved in applying for a loan, the interest rates and how they are calculated, the procedures for making loan repayments, and the advantages of utilizing HiPesa Loans.
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Loan Application Process
Getting a loan with HiPesa Loans is fast and simple. Follow these easy steps to get started:
- Download the HiPesa Loans app from the Google Play Store or from App Store.
- 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.
With HiPesa Loans, you can apply for a loan from anywhere, at any time. Our app is available 24/7, so you can get the cash you need when you need it most.
Loan Interest Rates And Calculations
At HiPesa Loans, we offer loans ranging from Ksh 250 to Ksh 60,000 with the shortest tenor of 61 days and the longest of 365 days. Our interest rate is 10% APR, with no service fee charged. To request a loan, you must be at least 18 years old or above.
Let’s take a look at a representative example of a HiPesa loan of KSh 1,000 for 61 days. The interest rate is 10%, and the total loan amount is KSh 1,100. The annual interest rate is 10%, and the total loan cost is KSh 0, including commission of KSh 0 and other interest of KSh 0.
The installment amount is 0Ksh. The minimum and maximum period for repayment is 61 days, and the minimum Annual Percentage Rate (APR) is 0%, while the maximum APR is 10%.
Loan Repayment Procedure
Repaying your HiPesa loan is easy and convenient. You can repay your loan with M-PESA using the phone number you signed up with.
You can pay in full or make partial payments anytime on or before your due date. Our easy repayment schedule keeps you on track with your payments, so you can avoid late fees and penalties.
Loan App Benefits
At HiPesa Loans, we take your security and privacy seriously. That’s why our loan app comes with a personal security PIN to ensure protection. You can also track your credit with My HiPesa Loans Status, so you always know where you stand.
Contacts
If you have any questions or concerns about HiPesa Loans, please feel free to reach out to us via email at hipesaloans@gmail.com. Our customer service team is always ready to assist you with any queries you may have.
In conclusion, HiPesa Loans offers a fast, simple, and convenient way to get the cash you need. With our easy loan application process, low-interest rates, and flexible repayment options, we’re here to help you achieve your financial goals.
Download the HiPesa Loans app today and experience the convenience of instant cash at your fingertips!