This loan app is offered by L-pesa microfinance to provide quick and short-term loans to qualified borrowers in Kenya.
Since its inception, it has over 50,000 Google play store downloads, more than 300 positive reviews, and a 3.6-star rating on the same platform.
Therefore, you don’t have to worry about your financial needs not being met, as the loan app has a clear track record of serving its customers as expected. To be eligible for L-Pesa loans, you need to have used M-Pesa services for at least 6 months.
L-Pesa loan application
The first thing to do if you’re interested in taking a loan from L-Pesa is download the app as shown below:
- Launch the Google play store on your phone.
- Search for the app, by entering its name on the search bar.
- Click install and the app will download automatically, after which you can launch it.
On launching the app, create an account so that you can apply for a loan by following these steps:
- Enter your phone number and email address.
- Provide a clear selfie.
- Enter the verification code that you’ll receive via email.
- Enter your full names.
- Enter your national ID number, and attach photos of the ID card, for verification purposes.
You can now proceed to apply for a loan, seeing that you’re registered to the loan service.
Note that L-Pesa loans come with the features below:
Loan range – Ksh 100 to Ksh 70,000.
Interest rate – 13% to 29%.
L-Pesa loan repayment
Below are the steps to follow when repaying your L-Pesa loan:
- Launch your M-Pesa menu.
- Select the Lipa na M-Pesa option.
- Click on PayBill.
- Enter the business number, 715489(PayBill Number)
- Input the amount you’re repaying.
- Enter your M-Pesa Pin.
- Click ok.
If the transaction is successful, you’ll receive notification messages from M-Pesa and L-Pesa.
Be sure to repay your loan in a timely manner so that your credit rating doesn’t go down. Also doing this will increase your chances of receiving more loans in the future.
L-Pesa PayBill Number
L-Pesa PayBill Number is 715489
L-Cash Customer Care Contacts
Phone number: 0743300689
Email Address: info@l-pesa.com
