Streamlined mobile loans for Kenyans
LendPlus - loan app Kenya
is a free
finance
app developed by AVENTUS TECHNOLOGY LIMITED. It is a
loan
app in
Kenya
designed to offer quick and accessible loans directly on your mobile device. This app provides a
streamlined loan application process
and aims to meet users’ financial needs by offering flexible repayment options.
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LendPlus offers
24/7 easy access
to loans with a quick and straightforward sign-up process that
eliminates paperwork
. This platform prioritizes the
confidentiality and protection
of your data, ensuring that all personal and financial information is securely managed and safeguarded against unauthorized access.
Get loans credited directly to M-Pesa
LendPlus - loan app Kenya is designed for ease and accessibility, offering a hassle-free way to secure financial assistance in Kenya. It allows users
to borrow funds anytime
, with loans
credited directly to M-Pesa
. The app offers loan amounts ranging from
Sh500 KES to Sh50,000 KES
, with repayment periods spanning a minimum of
61 days up to a maximum of 365 days
, including options for loan extensions.
The maximum annual percentage rate or
APR
for loans can go
up to 803%
, excluding stock. For example, applying for a loan of Sh10,000 KES with a 61-day repayment term at a daily interest rate of 2.2% would result in a total repayment of Sh23,420 KES. Note that depending on your eligibility, you can
choose different repayment terms
to suit your financial needs.
To qualify for a loan, you must be at least
18 years old
, have a
stable income
, a
valid national ID
, and a
registered mobile phone number
linked to a mobile money wallet. However, it’s important to note that the app charges a
high daily interest rate
of 2%. Additionally, this service is
exclusively available to Kenyan citizens
, making it a localized option for financial support within the country.
Easy loans with high rates and limited access
LendPlus - loan app Kenya offers a user-friendly way to access loans via mobile devices. With a streamlined application process and 24/7 availability, the app ensures confidentiality and secure management of your data. Users can borrow between Sh500 KES and Sh50,000 KES with flexible repayment terms of 61 to 365 days. However, it features a high daily interest rate of 2% and is available only to Kenyan citizens.