LoanWise description

Loanwise offers you Low interest (10%) loans with Quick approvals.

We give loans to Adults Kenyans(18+) who have MPESA. Our loans are disbursed straight to the Users mpesa number.

Our products:

• Loan Amount: KSh 500 - KSh 30,000
• Loan period: 91 days - 365 days

Maximum loan limit: Ksh 30, 000

Low interest (maximum APR): 10% per year

For example:for loans of ksh 20,000 with a term during 90 days, the fees charged are as follows:

Monthly interest rate ： 10% / 12 = 0.8%

Monthly interest ： ksh 20,000 * 0.8% = ksh 160

Total monthly payment ：ksh (20,000 / 3) + ksh 160 = ksh 6826

total repayment bill including principal and interest shall be:

ksh 20,000.00 + ( ksh 20,000 * 0.8%*3 ) = ksh 20,480

Loan repayment:

Click on Home on the app
Click on loan history
Choose the loan you want to pay
Enter the phone number you want to pay with, we will initiate the repayment process for you.

We offer 24 hour customer support. Just click on “support” on the app.