Little Pesa Mobile Loans

Little Pesa Offers unsecured short term loan limits to Salaried i...

50,000+

Total Global Downloads

Bundle ID
com.electra.littlepesa
Developer
LittlePesa Ltd
Category
Finance
Price
Free
Update Time
Dec 6, 2024
540 Ratings
4.31

Bundle ID
com.electra.littlepesa
Developer
LittlePesa Ltd
category
Finance

Price
Free
Update Time
Dec 6, 2024
540 Ratings
4.31

Screenshots & Media

App Info

Released on Jun 15, 2018
Current Version 4.8
Age Rating Rated for 3+
Developer Email ***********
App Support http://www.littlepesa.com
Privacy Policy https://littlepesa.com/privacy-policy-2

Description

Little Pesa is duly Licensed and Regulated by the Central Bank of Kenya and is also approved Data Processor and Data Controller by the Data Protection Commissioner.
1. Short-Term Loan Limits up to Ksh 200,000
• Loan Tenures is 62 Days. However, the borrower has an option to
choose early repayment of 7 days, 15 days and 30 days and interest is charged according to the loan tenure chosen.
• Most Competitive Interest Rates.
• 3 Top ups available within your loan limit
• No Security/Guarantee required!
• No Processing Charges!
• No hidden charges—only Ksh 60 is charged as M-Pesa disbursal charges.
• Earn Loyalty points equal to 1% of the loan amount on every loan paid on or before the due date.
• Refer & Earn – Share Little Pesa App with your friends or colleagues and earn Ksh 1,000 per reference and your referee also earn Ksh 500 upon paying his/her first loan on time.
• Maximum APR is 110%
Representative example of a loan having repayment period of 62 days: Amount of loan Ksh 10,000 Processing fee NIL. Interest @ 18.75% flat i.e Ksh 1,875 payable upfront . The maximum APR works out to be 110%.
2. Flexipay Loan Limits up to Ksh 300,000
• Loan Repayment spread over 3- 12 months to make it affordable to you.
• Option to choose your desired date of payment.
• 3 Top ups available within your limit
• Prepayment of loan allowed after 3 months.
• Earn Loyalty points equal to 0.5% of the loan amount on every loan instalment paid on or before the due date.
• Most competitive Interest Rates—for 12 months loan interest is just 4.5% p.m
• Maximum APR is 72%
Representative example of a loan having repayment period of 3 months : Amount of loan Ksh 10,000 Processing fee NIL. Interest @ 6% p.m i.e Ksh 600 p.m. So Maximum APR is 72%.
3. Product Financing Loan Limits up to Ksh 300,000
• Loan Repayment spread over 3- 12 months to make it affordable to you.
• Option to choose your desired date of payment.
• 3 Top ups available within your limit
• Prepayment of loan allowed after 3 months.
• Earn Loyalty points equal to 0.5% of the loan amount on every loan instalment paid on or before the due date.
• Only 10% Down payment required.
• Most competitive Interest Rates—for 12 months loan interest is just 3.5% p.m
• Reputed suppliers tied up to meet your product requirements.
• Maximum APR is 60%
Representative example of a loan having repayment period of 3 months : Amount of loan Ksh 10,000 Processing fee NIL. Downpayment is 10% i.e Ksh 1000 in the instant case. Interest @ 5% p.m i.e Ksh 500 p.m. So Maximum APR is 60% .
Eligibility Requirements
• A salaried Kenyan citizen of 18 years and above having an active Safaricom number duly registered with M -Pesa.
• Copy of National ID
• Copy of latest Payslip
• For availing Flexipay and Product Financing Loan limits, 3 months Bank Statement/ M-Pesa Statement
Privacy:
We take your privacy very seriously! No control over your M-Pesa PIN and/or Mobile contacts. Your personal data is never shared without your consent. We are approved Data Processor and Data Controller by the Data Protection Commissioner. For more information please refer to our privacy policy https://littlepesa.com/privacy-policy-2/
How it works
• Sign up – Fill out a simple KYC form and submit for a quick review.
• Approval/ rejection -- On approval, you'll get an SMS from Little Pesa specifying your approved limit. In case of rejection, you'll also be advised.
• Activate Account -- The account can be activated once you get message for the approved loan limit, by entering your ID no. and mobile no. Upon activation, you will receive One Time PIN (OTP) from Little Pesa and once you enter the said OTP, you will be prompted to change the PIN to four digits of your choice.
• Loan Disbursal -- Tap 'Apply Loan' on your App and the funds are disbursed instantly to your M-PESA account.
Contact Us
• Email: [email protected]
• Call/Chat: 0746 510 778 / 0746 510 781 / 0710 490 126
• Website: https://littlepesa.com

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