UbaPesa Loan App

C

Cassey Tash

Lister
UbaPesa loans are offered by UbaPesa Ltd in Kenya straight into a customer's phone within minutes of approval.

This loan App offers loan from as little as Sh500 to Sh70,000 with an interest of 10% to 15% depending with the amount offered and repayment period. The repayment duration of UbaPesa loans starts from 10 days to 20 days.

UbaPesa's late repayment attracts a 10% lateness fee depending with the amount of loan borrowed, this fee is applied if a customer fails to repay their loans 2 days from the due date.

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Requirements to access UbaPesa loans

  • A smartphone - Android
  • National Identification number
  • A registered Safaricom number
  • Internet access
How to get UbaPesa App

  • Go to google play store and search for UbaPesa Loan App
  • Select an item with an UbaPesa logo as shown in the picture above
  • Click on install to allow the app to download.
  • Once it has fully downloaded, click on open to access the app
On the home page of the app, allow UbaPesa to access your mobile data, phone number, text messages, location and photo. With granting UbaPesa this permission you allow them to call and send text messages on your phone.

Proceed to registration by filling in the provided mandatory spaces. This include;
  • Your full names as they appear on National ID
  • National ID number
  • Date of Birth
  • Phone number
Once you have filled your personal information correctly, you will receive a confirmation code which will auto-fill on the app, else, fill it manually; this allows the app to verify your information before granting you a loan.

How to get UbaPesa loans
  • Open the UbaPesa loan app on your phone
  • Click on get a loan
  • Select the amount you'd like to borrow
  • Select the loan period and click on submit
  • If the loan is approved, you will receive a confirmation message from Mpesa and UbaPesa, if rejected you will receive a message of the same from UbaPesa
Advantages of UbaPesa loans
  • Once approved, a customer receives loans to their phones within minutes of application
  • No presentation of several document and long queues to be granted a loan
  • No guarantor or collateral need to be granted a loan
Disadvantages of UbaPesa loans
  • Loans are offered at a high interest rate
  • If a loan is defaulted, a customer may be listed on CRBs
  • A lateness fee is added to the loan after the repayment days elapse
How to repay UbaPesa Loans via MPesa
  • Go to SIM tool kit on your phone
  • Select Lipa Na Mpesa, the Paybill
  • Enter UbaPesa Paybill number - 144966
  • Enter your phone number as account number
  • Enter your mobile money PIN number and submit
 
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