AirPesa Get money fast loan 1.3.3

AirPesa, a reputable Loan App, offers users in Kenya and Tanzania a straightforward approach to personal financing. Below are key features of their lending services:

• Free Account Creation: Users can easily create a free account in Kenya and Tanzania.
• Loan Amount: Up to 800,000 KES in Kenya and up to 1,000,000 TZS in Tanzania.
• Loan Term: The shortest term is 91 days, while the longest is 180 days.
• Annual Percentage Rate (APR): Ranges from a minimum of 36% to a maximum of 72%.
• Service Fee: No service fee is charged.
• Eligibility: Available to employed or self-employed individuals with a stable income, aged 20 years or older.

For example, if one were to borrow 2,500 KES for a term of 180 days at an APR of 72%, the total service fee would be calculated as follows:

• Total service fee: 2,500 * 72% (APR) / 2 = 900 KES
• Total amount payable: 2,500 + 900 = 3,400 KES

Repayment options include:

• One-Time Repayment: A full repayment of 3,400 KES after 180 days.
• Monthly Repayments: A monthly repayment amount of approximately 566.67 KES over six months.

Summary of Fees:

• Loan Principal: 2,500 KES (for 180 days)
• Total Loan Fee: 900 KES (calculated as above)
• Total Amount Payable: 3,400 KES
• APR: 72%

The application process for obtaining a loan through AirPesa involves the following steps:

1. Register using your mobile number and national ID card.
2. Select and apply for your desired loan amount.
3. Receive approval and access your funds promptly.
4. Ensure timely repayments to potentially increase your credit limit.

This platform is characterized by a streamlined process that takes approximately five minutes to complete without any required paperwork. Furthermore, AirPesa prioritizes data security, adhering rigorously to industry encryption standards to protect user information and privacy.

If you have further inquiries, please contact support at: [email protected]