Saida Lite is a Saida version with limited features.
We offer short to medium term loans. Use the loan to settle your bills, buy more stock for your business or
meet an unexpected need. - Easy Repayment
Repay your loans on time and your loan amount will
increase and your interest rate will reduce as well. Stuck repaying? Request up to two weeks grace period from the
app.- Transparent Loans
Fill out a loan application form and we will give you a response within 24
hours. An example of how much you would repay is shown below as well as additional important
Savings- Made easy with goals
Its as easy as Name
Your Goal. Achieve
Your Goal. You can set savings goals like school fees, new smartphone, a holiday
e.t.c.- Regulated Savings
Our savings goals are provided in partnership with Investment Banks
that are regulated in Kenya - this means your money is kept securely and invested under the watch of regulators in
Kenya.- Free To Save
We refund any MPesa transaction charges you incur while saving your
Bill Payments- All your usual bills
Kenya Power Tokens, KPLC Postpaid,
Safaricom Airtime, Airtel Airtime, Telkom Airtime, Zuku, DsTV, GoTV, Nairobi Water and more. We'll remember your
Account numbers so you don't have to enter them every time.- Useful Reminders
We can remind you
when your payments are due or even give you a loan to pay your bills and you can repay later.
Privacy and Permissions: Saida collects personal information about you that
listed on the details of this app. We take privacy very seriously and your personal information will never be shared
without your direct consent.
* The minimum loan term is 2.5 months, maximum is 6
* A service fee of 3 - 21% per month / APR 36% -252% is charged based on our estimation of your credit
* Repayment is every 2 weeks until the full amount is repaid.
* Late fees are not charged and a one time
debt collection fee may be charged if your loan is later than 35 days.
* Additional Terms & Conditions may apply
- you may see this on your Loans Page on Saida.Representative Example
An example is if you borrow Ksh
1,000 for 7.5% fee for 2.5 months, you will repay Ksh 1,075 within 2.5 months in 5 bi weekly installments of 215. So
week 2 repay 215, week 4 215 and so on until the 10th week (two and half months)
There are no penalties for early
repayment. If you are late by more than 60 days, a penalty of 10% will be applied to the overdue amount. (Ksh 107.5) -
no further penalties or charges will apply again.
If you face any challenges with the
app, we're happy to help - email us at firstname.lastname@example.org You can also send us a direct message from the app.