LendPlus Unsecured Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
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LendPlus

LendPlus Loan
Easy Apply
Amount
Ksh500 - 30k
Duration
30 Days
Interest Rate
2% Per Day
Total Cost Including Institution's Other Fees
2% Per Day
Typically approved within 24 hours
visit website
Easy Apply

Loan Type

Unsecured Loans

Loan Fees

  • Interest Minimum: 2%
  • Interest Maximum: 2%
  • 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. Interest paid back in full.
  • 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 not required.
  • Network: Mpesa Customer

Documents

  • National ID.

Representative Example of Loan Costs:

  • Example Loan Amount: ksh10,000
  • Example Tenure: 20 days
  • Representative Loan Cost: 2% per day
  • Total Loan Repayment Amount: ksh14,000

This product is provided by Aventus Technology Limited. Aventus Technology Limited is a Credit-only Lender licensed under the Central Bank (Amendment)Act of 2021 and regulated by the Central Bank of Kenya.

Money254 Review

Pros

  • Repayment Flexibility: Duration extension available upon request. You'll still have to pay the interest but the principal will roll over.
  • High limit: The first Loan Limit is Up-to 15K

Cons

  • Cost: Relatively high-interest rate of 2% per day.

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.

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The LendPlus App loan is offered by the Aventus Group, a FinTech company that commenced lending operations in Kenya in 2021. The mobile app is available on the Google Play store, with over 100K  downloads and a 4 out of 5-star rating.

Who Is Eligible for the LendPlus App Loan?

LendPlus Loan Limits and Interest Rates

How to Register on the LendPlus Loan App

How to Apply for Your First LendPlus Loan Using the App

How to Make LendPlus Loan Repayments via M-PESA

How to Make LendPlus Loan Repayments via APP

LendPlus Loan Repayment Date Extension

LendPlus Loan App Privacy and Permissions

LendPlus Loan App Reviews

LendPlus Loan App Contacts

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