iPesa Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
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Ipesa Unsecured Loan
Total Cost
per loan
Typically approved within
visit website

Loan Fees

  • Interest Minimum: 25%, per Loan
  • Interest Maximum: 36%, per Loan
  • Processing fee: None
  • Insurance Fee: None
  • Withdrawal Fee: None
  • Late Fees: 2% Daily
  • Other Fees: None

Disbursement Details:

  • Institution Type: Digital Credit
  • Application Method: App Based
  • Disbursement Method: M-Pesa

Repayment Details:

  • Repayment Frequency: Bullet
  • Early Repayment: Allowed
  • Repayment Method: M-Pesa

Eligibility Requirement:

  • Smartphone: Required
  • CRB: Must be in good Standing
  • Income: No Minimum
  • Employment: Not Required
  • Network: M-Pesa Customer
  • History: No Requirement
  • Documents: National ID
  • T&C Links

How to apply

Money254 Review


  • App based application, no paperwork
  • Loan Limit grows over time
  • Formal Employment not required


  • Short loan tenure (14 Days)
  • Relatively high late fees (2% daily)
  • Fees deducted upfront - you don't receive full application amount

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How to Apply for iPesa Loan, App, Repayment, Fees, Contacts

IPesa Loan App is is owned by the 0some Fintech company and managed by X credit. It is available on Google Play Store, with over 1 million downloads and a 4.5 out of 5 star rating.

iPesa does not have a USSD code, so you need a smartphone to access the loans via the app.

Who Is Eligible For iPesa Loans?

iPesa App Loan Limits and Interest Rates

How to Register Using the iPesa Loan App

How to Apply for Your First iPesa App Loan

How to Make iPesa Loan App Repayments

Fees and Penalties

Privacy and Permissions

iPesa Loan App Reviews


Learn more about Personal Loans available in Kenya on Money254

Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected. Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.

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