{"id":15827,"date":"2023-06-17T14:52:44","date_gmt":"2023-06-17T14:52:44","guid":{"rendered":"https:\/\/handlewife.com\/?p=15827"},"modified":"2023-04-21T15:50:32","modified_gmt":"2023-04-21T15:50:32","slug":"ipesa-loan-app-download-how-to-borrow-and-repay-interest-rate-limit","status":"publish","type":"post","link":"https:\/\/handlewife.com\/ipesa-loan-app-download-how-to-borrow-and-repay-interest-rate-limit\/","title":{"rendered":"iPesa Loan App: How to Borrow and Repay?"},"content":{"rendered":"\n

Loan How many times have you applied for a loan in your life? Once, twice, thrice or often? It’s not you only.<\/p>\n\n\n\n

Researches say that many Americans can’t even afford $400<\/strong> to pay. Irrespective of which country you are, loan is the ultimate solution to sort financial problems.<\/p>\n\n\n\n

How to borrow a loan from iPesa App?<\/span><\/h2>\n\n\n\n

Borrowing instant loans are not always hectic.<\/p>\n\n\n\n

Gone are those days when you had to stand in a long queue and wait for months for loan approval. Now everything is in your pocket.<\/p>\n\n\n\n

Your bank too! Your lender too!<\/p>\n\n\n\n

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iPesa is a great mobile money lender. It is Kenyan financial Technology that provides services through iPesa easy loan app.
It is owned by Osome Fintech Company.<\/p>\n<\/blockquote>\n\n\n\n

People who live in Kenya and are in need of money can use this app to sort out their problems.<\/p>\n\n\n\n

If you have M-Pesa in your phone which is a money transfer service, you can easily get a high amount of money through iPesa as the first loan in Kenya.<\/p>\n\n\n\n

App Name<\/b><\/td>iPesa – Reliable and Safe Credit Loans to M-PESA<\/td><\/tr>
Size<\/td>7.3 MB<\/td><\/tr>
Reviews<\/td>Mostly Positive<\/td><\/tr>
Ratings<\/td>4.1 stars<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\"ipesa<\/figure>\n\n\n\n

How much loan amount can I borrow?<\/span><\/h3>\n\n\n\n

Ipesa Loan Amount Limits<\/span><\/h4>\n\n\n\n

The loan amount can be anywhere between 500 ksh to 50,000 ksh<\/strong>. The shortest tenure for loan is 91 days whereas the longest goes as much as 180 days<\/strong>. They don’t charge service fees.
But remember you must be 18 years old<\/strong> or above to be eligible to borrow a loan.<\/p>\n\n\n\n

Loan Interest Rate<\/span><\/h3>\n\n\n\n

The interest rate depends on your repayment history. It can maximum goes to 36%<\/strong>. But if you have done previous payments on time then it can go below. Now the overpayment depends on the amount that you borrowed and the interest rate that the iPesa is applying to you.<\/p>\n\n\n\n

Suppose you have borrowed 1000 ksh and the interest rate is 15%<\/strong> then the amount you need to pay over is…<\/p>\n\n\n\n

1000 ksh * 15\/100 = 150 ksh<\/strong><\/span><\/p>\n\n\n\n

Total Amount to be Paid= 1150 ksh<\/strong><\/span><\/p>\n\n\n\n

What are iPesa loan App requirements?<\/span><\/h3>\n\n\n\n