OPesa Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021

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OPesa

OPesa Loan

Easy Apply

Amount

Ksh1500 - 50k

Duration

14 days

Interest Rate

Total Cost Including Institution's Other Fees

16% - 29% per loan

Typically approved within 24 hours

visit website

Easy Apply

Loan Type

Unsecured Loans

Total Cost Breakdown (Loan Fees):

Interest Minimum: 16%, per Loan
Interest Maximum: 29%, per Loan
Processing fee: None
Insurance Fee: None
Withdrawal Fee: None
Late Fees: 2.4% 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: Not Required

Documents:

National ID
T&C Links

Representative Example of Loan Costs:

Example Loan Amount: ksh10,000
Representative Loan Cost: 29%
Total Loan Repayment Amount: ksh12,900‍

How to Apply

Money254 Review

Pros:

‍‍Loan limit grows with time
Formal employment not required.‍

Cons:‍

Very short repayment period of 14 Days
Relatively high penalty charges of 2.4% Per day

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

Opesa is a mobile loan app, which is a product of Tenspot Kenya Limited. The loans are accessible through their application found on Google Play Store. With a 4.1 out of 5-star rating, the application has more than 1 million downloads and 48,000 reviews.

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OPesa Personal Loan: Product Details & How to Apply

OPesa

Loan Type

Total Cost Breakdown (Loan Fees):

Disbursement Details:

Repayment Details:

Eligibility Requirement:

Documents:

Representative Example of Loan Costs:

Money254 Review

Pros:

Cons:‍

See more Personal Loans available in Kenya on Money254

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

Who Is Eligible For OPesa Loans?

Loan Limits and Interest Rates

How to Register Using the OPesa App

How to Apply for Your First OPesa Loan

How to Make OPesa Loan App Repayments

Fees and Penalties

Privacy and Permissions

OPesa Loan App Reviews

Contacts

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