Real People Kenya Limited’s Real Pesa Loan App (“Real Money, Real-Time!”) is a round-the-clock mobile service that offers convenient payday loans through Kenya’s well-known M-pesa mobile payment system.
With the help of this cutting-edge program, people will have easy access to money, allowing them to meet their short-term financial needs.
We will examine the features, advantages, and lending possibilities provided by Real Pesa lending App in this article.
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Instant Decision and Time Savings
Real Pesa Loan App prides itself on its instant decision model, ensuring that users receive a prompt response to their loan application.
By leveraging advanced technology and data-driven algorithms, the app can assess loan eligibility and provide a decision in real-time.
This eliminates the need for lengthy approval processes and saves valuable time for borrowers. With Real Pesa Loan App, users can plan their finances more effectively, knowing that they can rely on quick access to funds whenever required.
Convenient Cash-on-Delivery Payments
One of the key advantages of Real Pesa Loan App is its ability to facilitate cash-on-delivery payments. In Kenya, cash transactions are still prevalent, and Real Pesa Loan App recognizes this need.
By providing instant loans, the app ensures that users have the necessary funds readily available for cash payments, whether it’s for purchasing goods or settling bills.
This feature makes Real Pesa Loan App a valuable tool for individuals who prefer the convenience and flexibility of cash transactions.
Loan Options Offered by Real People Kenya Limited
Real Pesa Loan App is backed by Real People Kenya Limited, a trusted financial institution known for providing various types of loans in Kenya.
Let’s take a closer look at the loan options available through Real Pesa Loan App:
Asset Finance Loan
Real People Kenya Limited offers the Asset Finance Loan, which is suitable for customers in business or those who are salaried.
This loan option provides access to funds starting from Kshs 300,000. With this loan, customers can obtain financing of up to 70% of the asset’s value.
However, it’s important to note that Asset Finance Loan only covers motor vehicles and does not include public service vehicles (PSVs) like matatus.
To be eligible for the Asset Finance Loan, applicants must fulfill the following basic requirements:
- Be a Kenyan citizen between the ages of 25 and 65.
- Demonstrate the ability to service the loan.
- Have a legal running business or be formally employed.
The repayment duration for the Asset Finance Loan ranges from a minimum of 6 months to a maximum of 36 months, providing borrowers with flexibility in managing their loan obligations.
Logbook Financing
Real Pesa Loan App also offers Logbook Financing, allowing individuals to obtain quick cash against the value of their motor vehicle.
This loan option is suitable for both customers in business and salaried individuals. With Logbook Financing, borrowers can access a minimum loan amount of Kshs 100,000, up to a maximum of Kshs 1,000,000.
Real People Kenya Limited aims to provide a seamless and transparent lending experience with Logbook Financing. The loan application process is fast and simple, aligning with their vision to sustainably improve lives.
They offer competitive interest rates, ensuring that borrowers receive favorable terms. Additionally, there are no hidden costs involved, providing borrowers with clarity and peace of mind.
To apply for Logbook Financing, applicants must meet the following basic requirements:
- Possess the original logbook.
- Provide their national identification (ID).
- Present their Kenya Revenue Authority (KRA) Personal Identification Number (PIN).
- Submit proof of income, which can include six months of bank statements or official payslips for employed individuals.
- Be a Kenyan citizen between the ages of 25 and 65.
Logbook Financing offers a flexible repayment period of up to 12 months, allowing borrowers to tailor their loan repayment to their financial circumstances.
Conclusion
Real Pesa Loan App, powered by Real People Kenya Limited, is revolutionizing access to quick and convenient loans in Kenya. Through its instant decision model, the app provides borrowers with timely loan approvals, saving them valuable time and effort.
The availability of cash-on-delivery payments further enhances the convenience and usability of the app. Real Pesa Loan App offers two key loan options: the Asset Finance Loan and Logbook Financing.
These loan options cater to customers in business and salaried individuals, providing them with the financial support they need. Real People Kenya Limited’s commitment to transparency, competitive interest rates, and a seamless loan application process sets them apart as a reliable financial partner in Kenya.
With Real Pesa Loan App, Kenyans can confidently plan their finances, secure immediate funds, and achieve their personal and business goals. Empower your financial freedom with Real Pesa Loan App today!