Personal Loans

LendPlus First Interest-free Personal Loan: Product Details & How to Apply

Money254.co.ke is not a lender. We verify loan rates and provide cost breakdowns from Kenya's top lenders to help you apply for loans with confidence.
Customise your results to find loans you're eligible for by answering 5 more questions
Customize Results
LendPlus
LendPlus Interest-Free First Loan
Apply NowDownload AppVisit Website
or
View the Loan Breakdown
Loan Amount
Ksh1k - 30k
Loan Period
5 Days
Interest Rate
Total Cost
(incl fees)
0% First Loan only (Has to be repaid in 5 Days)
Product Details
Icon Rounded Chevron Dark - BRIX Templates

Loan Fees

  • ‍‍Interest Minimum: 0%
  • Interest Maximum: 0%
  • Processing fee: 0
  • Late payment fee: 2% daily

Disbursement Details

  • ‍‍Application Method: App
  • Disbursement Method: Mpesa

‍Repayment Details

  • ‍‍Repayment Frequency: Bullet
  • Early Repayment: Allowed, no discount.
  • Repayment Method: Bullet

‍Eligibility Requirement

  • ‍‍Smartphone: Required
  • CRB: Experience taking and paying back other loans, currently in good standing.
  • Income: No Minimum
  • Employment: Formal employment is not required.
  • Network: M-pesa Customer

‍Documents

  • ‍‍National ID.

Representative Example of Loan Costs:

  • Example Loan Amount: ksh10,000
  • Example Tenure: 5 days
  • Representative Loan Cost: 0%
  • Total Loan Repayment Amount: ksh10,000

‍

Our Review
Icon Rounded Chevron Dark - BRIX Templates

Pros

  • New Client Offer: Interest-free first loan if you choose a duration of 5 days. The loan must be repaid on time or interest will be added.
  • High limit: The first Loan Limit is Up-to 30K

Cons

  • If not repaid within 5 days, 2% daily interest is applied for the entire duration.

‍

How Money254 works

Get a transparent loan cost breakdown in under 5 minutes.

1

Click Get a Quote and fill out the form.

Answer a few simple questions about your loan needs, and we'll instantly show you personalized loan offers from our partners, complete with full quotes and fee breakdowns — no hidden fees.

2

Receive a call from your Money254 Agent.

Request a quote and get a callback within 15 minutes. Your personal Money254 Agent will help you understand the details of your loan offers, so you can make the best decision for you.

3

Apply with priority support.

Your Money254 Agent will assist you in submitting your loan application to the lender. With our dedicated agents on your side, your application gets priority support for a faster, smoother experience.

Get a Quote - it's free! 

Stay in the loop. Make the right money move.

Check - Elements Webflow Library - BRIX Templates

Thank you

Thanks for reaching out. We will get back to you soon.
Oops! Something went wrong while submitting the form.
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.

Welcome to Money254 - your simple way to compare loans online.

At Money254, we're dedicated to helping you find the right loans for your business or personal needs. Easily compare over 150 verified loans from banks, MFIs, and digital lenders, and make informed decisions without having to visit a physical branch.

View Logbook Loans
More about Money254

Apply through Money254 and get a Ksh2,000 reward your approved logbook loan.

It's one of the ways we show our appreciation to our users while we help people find better loans.

Get a Logbook Loan quote
Learn more about Rewards

We've helped over 12,000 people find the right logbook loan.

Personal or business. Emergency or exciting opportunity. Money254 is your partner to help you make the right financing decision.

Stars - Elements Webflow Library - BRIX Templates

"It was excellent. I am delighted that you are true partners."

Michael in Naivasha

KES 175,000 to stock up His lighting busines
Stars - Elements Webflow Library - BRIX Templates

"Money254 Relationship Manager Madam Wangui was so wonderful from the time I inquired about loans. She did follow up and ensured I received the loan. Above all, she gave me the assurance and confidence that the partner was a genuine loan agency cause at first I was in doubts. I can't ask for more than what she did."

David in Nairobi

KES 350,000 to pay school fees
Stars - Elements Webflow Library - BRIX Templates

"Thank you. It was EXTREMELY helpful."

Laura in Nairobi

KES 250,000 to fulfill client hardware order

What can we help you find today?

Business Loans

Personal Loans

Logbook Loans

Auto Financing

Insurance

Credit Cards

Current Accounts

Savings Accounts

Blog

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

Personal Loans

Interest on Bank Loans to Hit 28% as CBK Raises Base Rate

If the banks pass the additional 2% to consumers, the average interest rate on a bank loan will rise to 21.1% with some customers facing rates as high as 28%. This is in line with risk-based loan pricing policies adopted by top commercial banks in Kenya that have already been approved by the CBK. 

Eric Ndubi, Managing Editor
December 6, 2023

Learn more about Personal Loans with expert guides from the Money254

Personal Loans
November 27, 2023

The High Cost of Not Comparing Loan Options

Personal Loans
November 20, 2023

8 Things You Must Not Overlook While Applying for Loan

Personal Loans
November 14, 2023

7 People Regret 7 Bad Reasons For Taking a Loan

Personal Loans
October 21, 2023

How to Figure Out if Something is Worth Taking a Loan For

Personal Loans
October 12, 2023

Govt Companies to Be Sold Without Parliamentary Approval - Money Weekly Roundup

Personal Loans
October 4, 2023

How Long Should You Have Worked to Take Your First Loan?

Personal Loans
September 22, 2023

From Banks to Digital Loans: How Selfies are Stopping Identity Thieves

Personal Loans
September 14, 2023

How to Pay Down a Ksh100,000 Loan in One Year

Explore other articles from around Money254

News and Analysis
December 7, 2023

Govt Now Struggling to Pay Salaries - Money Weekly News

Savings Accounts
December 7, 2023

I Saved Ksh300K to Buy My 1st Car, But Changed My Mind at the Last Minute

Money Management
December 7, 2023

Top Scams that Have Swindled Kenyans in 2023

Money Management
December 6, 2023

Things You Can Do Now to Spend Less Money During Christmas

Money Management
December 5, 2023

Everything You Need to Know About Tax Refunds in Kenya

Money Management
December 5, 2023

What's The Best Time to Sell Your Car?

News and Analysis
December 5, 2023

SHIF Changes: Civil Servants Could Lose Enhanced Medical Cover

Money Management
December 4, 2023

Red Flags that Tell You You Are Saving in the Wrong Sacco

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

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

Download our app to have our powerful comparison tools at your fingertips, anytime you're considering a loan in the future.

Get it on Google Play
The Money254 on a Phone.

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.
Money254 Logo
DOWNLOAD THE APP
Get it on Google Play
About
CompanyTerms of UsePrivacy PolicyEditorial StandardsPartner with Us
Contact Us
info@money254.com
ABC Place, Waiyaki Way Nairobi
Products
Personal LoansBusiness LoansAuto LoansLogbook LoansInsuranceSavings 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.