Introduction

Afrikaloan Kenya provides you with convenient and fast loans online, allowing you to get your money directly to your M-Pesa account. Chukua mkopo leo!

Product description

  • Loan amounts Shs500 -Shs50000
  • Loan Repayment terms up to 52weeks
  • Annual interest ranges from 10%-182.5% with an equivalent monthly interest of 0.8%-15.2%depending on your loan option.
  • No extra fees or commissions & no collateral necessary.
  • Standard SMS.payment system (M-PESA) commision and data charges by your mobile carrier may apply.
  • Approved loans are disbursed to your m-pesa account.

Loan application process

  • To get started, download AfrikaLoan from Google Play Store. Download Link.
  • Make sure your phone is an Android phone with version 4.1 and above. 
  • You will be required to fill in your personal information i.e Full names as registered on your national ID, email and your national ID number.
  • Apply loan.
  • AfrikaLoan takes 5 minutes to process your application.
  • Phone’s data history such as messages will be used to determine if you qualify for a loan. This includes messages sent to your various mobile money providers and any financial services providers.

How to repay Afrika loan Below is a simple guide on how to pay

  • Go to your Mpesa Menu
  • Select Lipa na Mpesa
  • Select Paybill
  • Enter 697566 as the business number
  • Enter your phone number as the Account Number
  • Enter the amount you want to repay
  • Enter your Mpesa pin and press OK
  • You will receive a transaction confirmation message from Mpesa.

How do I qualify for a loan?

In order to qualify for a loan, you will have to be an active Mpesa user for at least 6 months.

Afrika Loan Penalties

You risk being listed by CRB if you fail to pay for a loan in 90 consecutive days.

Contacts

Phone: +254 20 5137800
Facebook; Afrikaloankenya
Twitter; @afrikaloan
Email; info@afrikaloan.com

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