Personal Loans

iPesa Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
Customise your results to find loans you're eligible for by answering 5 more questions
Customize Results
Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.

iPesa

Ipesa Unsecured Loan
Easy Apply
Amount
Ksh500 - 50k
Duration
14 days
Interest Rate
Total Cost Including Institution's Other Fees
25% - 36% per loan
Typically approved within 24 hours
visit website
Easy Apply

Loan Type

Unsecured Loans

Total Cost Breakdown (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

Representative Example of Loan Costs:

  • Example Loan Amount: ksh10,000
  • Representative Loan Cost: 36%
  • Total Loan Repayment Amount: ksh13,600

How to apply

Money254 Review

Pros:

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

Cons:

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

See more Personal Loans available in Kenya on Money254

From short-term app loans to long-term bank loans, we have aggregated all of the unsecured Personal Loans from Kenya's top financial institutions.

See All Personal Loans

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

Contacts

Download the new Money254 App and don’t miss out on your next opportunity.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Get it on Google Play

Welcome to 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.

Explore All Products On Money254

Learn more about Personal Loans with expert guides from the Money254

Personal Loans

Types of Personal Loans In Kenya

Personal Loans

Institutions Offering Personal Loans In Kenya

Personal Loans

Full Guide: All You Need to Know About Personal Loans in Kenya

Personal Loans

Things to Consider Before Taking a Personal Loan in Kenya

Keep exploring Personal Loans with these recent articles from the Money254 blog

CBK Licences 12 More Digital Lenders  - FULL LIST
Personal Loans

CBK Licences 12 More Digital Lenders  - FULL LIST

January 30, 2023
Back to School: Where to Get Quick School Fees Loans in Kenya
Personal Loans

Back to School: Where to Get Quick School Fees Loans in Kenya

January 28, 2023
This Loan App Allows You to Extend Your Repayment Multiple Times
Personal Loans

This Loan App Allows You to Extend Your Repayment Multiple Times

January 27, 2023
What to Know Before Taking a School Fees Loan
Personal Loans

What to Know Before Taking a School Fees Loan

January 24, 2023
LendPlus: 2yr-old Loan App that Gave 150,000 Loans in 2022
Personal Loans

LendPlus: 2yr-old Loan App that Gave 150,000 Loans in 2022

January 20, 2023
Back to School: Fees and 5 Other Things to Plan For Today
Personal Loans

Back to School: Fees and 5 Other Things to Plan For Today

January 19, 2023
The 10 Biggest Money Wasters of 2022
Personal Loans

The 10 Biggest Money Wasters of 2022

December 26, 2022
9 Money Habits You Must Leave in 2022
Personal Loans

9 Money Habits You Must Leave in 2022

December 26, 2022

Stay up to date with your money - download the new Money254 App Today

Get it on Google Play

Sign up for our newsletter and get weekly money tips to your inbox.

Get updates from the Money254 team on financial news and new Money254 features.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
DOWNLOAD THE APP
Get it on Google Play
About
CompanyTerms of UsePrivacy PolicyEditorial Standards
Contact Us
Products
Personal LoansBusiness LoansAuto LoansLogbook LoansSavings AccountsCurrent AccountsCredit Cards

Disclaimer: The information that Money254 provides on this website is obtained from publicly available resources and is intended for information or educational purposes only. Money254 strives to keep the information on the website up to date and does not warranty that all the information will be as the financial institutions updated or changed information at all times. Money254 does not own any of the information provided by or obtained from third party financial institutions. Take note that the institutions represented on this website may vary their terms at any time or may offer you terms different to what you have seen on the website due to their own analysis of your individual circumstances or change of terms and you are encouraged to review the specific financial institution’s terms and conditions when obtaining their services or products. Money254 is not a financial institution, insurance provider or financial adviser and is not liable for any decisions any individual makes based on the information provided on the website.  Please refer to our terms and conditions and privacy policy before using this website.