Sky Pesa: Swift Cash Loans 1.1.9

Loan amount: 1,000 KSh to 20,000 KSh

Interest rate: Annual Percentage Rate (APR): 10%-16.25%, equivalent to 0.027%-0.044% per day.

Loan Term: The shortest term is 91 days, while the longest is 180 days.

Sky Pesa operates as a platform facilitating loan transactions between borrowers and digital wallets as well as banks. All loan applications undergo approval, and applicants are notified of these decisions during the application period.

Sky Pesa serves as a personal loan application and credit platform designed for both salaried and self-employed professionals nationwide in Kenya. This platform enables users to apply for personal loans online and conduct cash transfers to bank accounts up to 100,000 KSh based on individual needs. The registration process is swift, offering users the opportunity to set up their profiles, apply for loans, and swiftly receive approved funds into their accounts.

Type of loan: This straightforward loan option allows for cash transfers within 10 minutes post-installation. Loan amounts fall within the range of 2,000 KSh to 100,000 KSh, with terms varying from 91 days to 6 months.

Sample personal loan for employed individuals:

• Loan amount: 1,000 KSh to 20,000 KSh
• Duration: 91 days to 180 days
• Interest rate: 20% per annum
• Maximum APR: Ranges from 10%-16.25%, approximately 0.027%-0.044% per day.
• Transaction fee: None

Illustrative Example: If you borrow 2,000 KSh at a 10% APR for a term of 91 days, the total amount payable at maturity would be 2,049.86KSh (calculation: 2000 KSh * 10% / 365 * 91 + 2000 KSh).

Features:

1. Convenient online process
2. Rapid approval
3. Instant cash transfer

Qualifications:

1. Must be a Kenyan resident
2. Aged over 20 years
3. Maintain a monthly income source

Steps:

1. Install Sky Pesa application
2. Create an account
3. Complete income and essential information details
4. Upload Know Your Customer (KYC) identification documents
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5. Receive loans in the form of cash transfers or e-wallet credits according to individual requirements.
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Amount, Tenure, Fees, and Charges:

Sky Pesa applies a one-time service fee at registration or escalation during the membership period based on members' levels and personal data risk assessment. Additionally, a minor handling fee is applicable for loan repayments. Fees and payment deadlines adjust according to customers' credit reliability and repayment capacity; penalties are incurred solely for delayed payments.

Annuanl interest rates differ across product offerings contingent upon customer risk profiles.

Contact Information:
- Customer Service Hotline: +254115623977
- Email Address: [email protected]
- Physical Address: Argwings Kodhek Rd, Nairobi