1.0.2 Safe to install
InstaPesa is an online lending platform that provides convenient, safe, and secure cash and online cash loans to individuals aged 18 and older. Only Kenyan residents are eligible for our services. Our goal is to help users build their credit line and reduce interest rates by making on-time loan repayments or completing tasks to increase their credit limit.
Requirements to apply:
- Kenyan citizenship
- M-pesa account
- Download the application and fill out your application
- Age above 18 years
Steps to get a loan:
- Sign up
- Fill in basic details
- Apply for a loan
- Wait for approval
Why choose InstaPesa:
- High Loan Amount: Ksh3,000 to Ksh80,000
- Long Loan Tenure: 91 days to 365 days
- 100% online process and 24x7 access to loans
- Computerized application review
- No fees for unsuccessful applications
- Customer information is safeguarded
- No credit history required
Features of InstaPesa:
- Loan Amount: KES 3,000 - KES 80,000
- Loan Term: 91 - 365 days
- Service Fee: 6%
- Interest Rate: Between 8% to 20%
Example: If you borrow Ksh 20,000 with an APR of 10% per annum and a tenure of 180 days, the service fee is 6%:
Interest = Ksh 20,000 * 10% / 365 * 180 = Ksh 986
Service fee = 20,000 * 6% = Ksh 1,200
You will receive Ksh 20,000 and will need to repay a total of Ksh 22,186 (20,000 + 986 + 1,200). The monthly payment would be Ksh 3,698 (22,186 / 6).
Contact us:
Customer Service Email: [email protected]
Address: Tulivu Junior Academy, Kiambu, Kenya, 00900
Overview
InstaPesa is a Freeware software in the category Business developed by InstaPesa.
The latest version of InstaPesa is 1.0.2, released on 01/21/2024. It was initially added to our database on 01/21/2024.
InstaPesa runs on the following operating systems: Android.
InstaPesa has not been rated by our users yet.
Pros
- Easy and quick way to send and receive money
- Convenient for mobile users
- Ability to make payments directly from your phone
- User-friendly interface
- Good customer support
Cons
- Limited availability in certain countries
- May incur fees for certain transactions
- Dependent on stable internet connection
FAQ
What is InstaPesa?
InstaPesa is a mobile application that offers quick and convenient digital lending services.
How can I download InstaPesa?
You can download InstaPesa from the Google Play Store or Apple App Store.
What are the eligibility criteria for InstaPesa loans?
To be eligible for InstaPesa loans, you need to be a Kenyan citizen with a valid national ID, have a steady source of income, and be of legal age.
How fast are loan disbursements with InstaPesa?
Loan disbursements with InstaPesa are usually done within minutes once your loan application is approved.
Is there a limit to the amount I can borrow with InstaPesa?
InstaPesa offers varying loan limits depending on your creditworthiness and repayment history.
What are the repayment terms for InstaPesa loans?
InstaPesa loans typically have short repayment terms ranging from a few days to a few weeks.
Are there any penalties for late payments on InstaPesa loans?
Yes, late payments on InstaPesa loans may result in additional fees and impact your credit score negatively.
Can I extend the repayment period for my InstaPesa loan?
InstaPesa may offer loan extensions or renewals, but these options may come with additional fees.
Is my personal information secure with InstaPesa?
InstaPesa takes data security seriously and utilizes encryption and other security measures to protect your personal information.
How can I contact InstaPesa customer support?
You can contact InstaPesa customer support through their app or website for assistance with any queries or issues.
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