If you’re in need of quick financial assistance in Kenya, True Pesa offers a convenient solution through its online lending platform. Whether you’re looking to expand your business, settle medical bills, pay school fees, handle day-to-day expenses, or finance an important event, True Pesa makes borrowing simple and accessible.
What Makes True Pesa a Reliable Loan Option?
True Pesa has earned trust among Kenyans for its user-friendly services and affordable loan terms. The loan app is designed to provide low-interest credit without hidden fees, helping borrowers access funds without unnecessary financial stress. Its core mission is to support users with quick, flexible loans whenever emergencies or urgent needs arise.
True PesaLoan Amounts and Terms
True Pesa offers loans starting from KES 2,000 up to KES 80,000, with loan limits increasing based on your repayment history and creditworthiness. Borrowers can choose repayment durations between 91 and 365 days, allowing flexibility based on personal financial plans.
The True Pesa Annual Percentage Rate (APR) is between 12% and 25%, while service fees range from 2% to 8%. These terms place True Pesa among the more competitive options in the Kenyan digital lending market.
Illustrative Example:
For a loan of KES 5,000 at a 14% APR over a 180-day period, and a 5% service charge, the total repayment would be:
- Interest: KES 345
- Service Charge: KES 250
- Total Repayable: KES 5,595
Read: Top 5 Mobile Loan Apps with Over 1 Million Downloads on the Google Play Store
Who Can Apply for a True Pesa Loan?
To be eligible for a loan on True Pesa, applicants must:
- Be a Kenyan national
- Be aged between 18 and 65 years
- Have a stable and verifiable source of income
These requirements make the platform accessible to employed individuals, business owners, and informal workers alike.
Steps to Apply for a Loan via True Pesa
Applying for a loan is fast and hassle-free. Here’s how you can get started:
- Register an Account – Download the True Pesa app and sign up.
- Enter Your Information – Provide your personal and financial details.
- Choose Loan Preferences – Select your desired loan amount and repayment period.
- Approval & Disbursement – Once approved, funds are transferred directly to your mobile wallet.
The app supports Android devices running version 5.0 and above and has already surpassed 1 million downloads, a testament to its growing popularity across the country.