UbaPesa

4,153

UbaPesa is a platform where you can borrow money. You could call it a Money Market.

*Getting Started*
1. Download app.
2. Register using your Mpesa Number.
3. Get approved and receive loan

UbaPesa offers non-recurring personal loans payable in 61 – 90 days. The loans are repayable either in multiple installments or one installment as per the borrower’s capacity.
- Loan facilitation/access fee is 10%
- Interest is applicable from the 14th day up to the 60th day up to a maximum of 15%
- No more interest charged after 60th day
- 10% late repayment penalty on outstanding amount charged on the 65th day.
- No more fees or penalty charged after the 90th day.

- Loan Breakdown Example

- Borrow Ksh 1000
- Repayment Period 61 - 90 days
- Access fee 10% = Ksh 100
- Interest rate 15% = Ksh 150
- Net Amount = Ksh 885
- Total to Pay = Ksh 1,150
- APR is 90% but not applicable as max period is 90 days
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Additional Information

Updated
September 23, 2020
Size
6.1M
Installs
100,000+
Current Version
1.5.0
Requires Android
4.1 and up
Content Rating
Mature 17+
Permissions
Offered By
UbaPesa Limited
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