HELA PESA

Hela Capital Ltd

About this app

Hela Pesa provides personal loans for a minimum repayment period of between 90 days and a maximum repayment period of 12 months.

Personal loans range from Ksh 500 to Ksh 200,000

Tenure: 3 months to 2 years. Interest rates range from 2%-15% depending on the risk profile of the customer.

Example: Borrow Ksh 1,000 at APR of 60% (per annum) with tenure of 3 Months
Interest = Ksh. 1000 * 60%/ 12 * 3 = Ksh. 150

Total amount disbursed will be Ksh 1000
Total amount to repay will be Ksh 1150 (Ksh 1000 + Ksh 150)
Three monthly payments of Ksh 383.33


Personal loan rates and fees

Loan Amounts: Ksh 500 to Ksh 200,000
APR/Interest rate: 30%-180% (Monthly interest: 2.5% to 15%)
Processing fee: None
Onboarding fee: None

TERMS: We offer loans that are payable for a minimum of 90 days and a maximum of 2 years.

HELA PESA is a loan service application that is specially designed to give clients access to quick, convenient and affordable mobile loan products anywhere and anytime. Loans are disbursed and paid using the mobile money transfer services like MPESA. To access the service, download the app, complete registration process and wait for account activation. Once account is activated, loan limit is availed which is the loan ceiling.
This limit is pegged on the ability of the client to repay that is derived from the financial and other data provided by the client. You can also switch between modules in order to activate and access other products like salary loans, mobile loans among others The app also provides a convenient platform for loan repayments enabled by the integrated mobile money payment service. Data and transactions are highly secured to provide clients with a secure business environment. This application is a product of Hela Capital Ltd that prides in providing convenient financial services, anywhere and anytime.

Ratings and reviews

the worst app ever, I applied for a loan,later I cancelled and it was never disbursed,only to find deductions in my payslips after ,too painful yet you can't contact them,no number to speak to a customer service,no reply on their WhatsApp pages,that quite evil of you

this is a con app.they hide their flat rate Interest in their loan application contract and they do not even tell you it is a flat rate figure .I am now about to pay 108k for a 30k loan that I took moreover they have no agents you can speak to .This is not only a bad app but it should be banned by the central bank of Kenya

I applied for a Loan on Monday and until now, it has not been disbursed to my account. I feel wasted as I wanted to use it today!!😭😭Your customer support numbers are also not working!!