PesaZone makes it easy for you to obtain a loan from your smartphone.
How do I proceed?
*Download and install the PesaZone App on your smartphone
*Launch the App and register by providing your personal details
*View your loan limit and submit your loan request
-No registration fees, you just sign up and proceed to request a loan.
-We don't require any paperwork or security/guarantors
-You can request a loan from any physical location without having to travel
-Loan applications are processed within 2 minutes
-You receive the exact loan amount you apply for
- To repay, either use M-Pesa Xpress on the App or our paybill number and provide the phone number you registered with as the account.
- Loan repayments are made via M-Pesa and are applied instantly.
- You may repay your loan before the due date and in instalments of any amount.
- Excess payments will be automatically applied to your future loan requests.
- You can request another loan immediately you settle the current one.
For us to generate your credit score automatically, PesaZone collects and analyses your Location, Call Log, SMS and Phone data from your device. Your data is protected using modern encryption techniques and is only used for the purposes of providing our credit services to you.
Tenure: 63 days to 150 days
Loan Amount: from Ksh.250 to Ksh. 50,000.
Maximum APR is 52%
For example, for a loan processed with a principal amount of 10,000, a 90 - day loan payment term and an interest of 12%. The total interest charges would be Ksh. 1,200, the total amount due would be Ksh.11,200
i.e. ((12/100) x 10,000) +10,000=11,200
- For any queries, feel free to chat us on the App or by emailing us via support(at)pesazone.com