Tenure: From 91 days to 365 days.
Loan Amount: from Kes.1,500 to Kes. 70,000.
The maximum APR is 36%.
Origination Fee: Range from Kes.100 – Kes. 600.
For example, 91 - day loan payment terms have an origination fee of 8.7%. For the loan processed with principal amount of 1,000, the origination fee would be Kes.87,the total amount due would be Kes.1,087.
HELA PESA is a loaning application that is specially designed to give clients access to short-term, convenient and affordable mobile loan products anywhere and anytime. Loans are disbursed and paid using the mobile money transfer services like MPESA.
To access the service, download the app, complete registration process and wait for account activation. Once account is activated, loan limit is availed which is the loan ceiling. This limit improves over time based on Client loan score that's is highly impacted by the payment history. You can also switch between modules in order to activate and access other products like salary advances among others
The app also provides a convenient platform for loan repayments enabled by the integrated mobile money payment service. Data and transactions are highly secured to provide clients with a secure business environment.
This application is a product of Hela Capital Ltd that prides in providing convenient financial services, anywhere and anytime.