L Pesa is an Android application for receiving loans. It is possible to transfer money directly to a bank account.
Users can apply for loans online and receive money within a short amount of time. It is possible to get financial support for both business and personal plans. The application provides an option to select a period of time when all the costs with interests will be covered.
It is possible to view personal loan plans and their duration. You can calculate how much money you would like to receive and the interest rate you are to pay when due time comes. The utility allows you to transfer funds to your bank account for further transactions and spendings. Moreover, there is an option to get cash if you need.
Similar to Zenka Loan, there are rewards and special offers. It is possible to save up some money every week. This allows you to spend more or repay your debt faster.
How to repay
When it comes to covering the debts, you can use M-Pesa Pay bill number. The service works with this application, so there will not be any problems with repaying. It is possible to complete the transaction by entering your registered phone number or loan reference.
There is an option to make a full payment even before the due date. Thus, you can cover the debt at once. However, if you are not able to repay, you will not be allowed to apply for any loan until you resolve the issue.
- possible to apply for loans;
- there are both personal and business plans;
- users can repay via M-Pesa Pay;
- app is free to download and use;
- compatible with current Android versions.