UbaPesa is an Android application targeted towards residents of Kenya. It is possible to apply for fast loans with affordable rates.
Loans
It is a trading platform where people lend and borrow money. Users can get loans for a certain period of time. It is possible to receive financial help for up to about 90 days. There are reasonable interest rates and flexible repayment terms. As with OKash Loan, this utility does not have any hidden fees and charges.
The main page displays your current balance and repayment progress. You can see your next payment date and complete the transaction within UbaPesa. There is no need to download additional apps for covering loans.
What makes UbaPesa convenient in terms of financial benefits is that there is no interest after the 60th day of the repayment period. You do not have to overpay and can save some money for your own needs.
Conditions
As mentioned before, users have to be Kenyan residents in order to apply for loans. It is necessary to enter a phone number provided by a local mobile network operator. In addition, the application requires the borrower to upload monthly salary information.
When it comes to paying off a loan, you can make repayments every month or cover the entire amount at once. The second option allows you to save on interest.
Features
- possible to apply for and receive loans without any paperwork;
- the utility works with M-Pesa service;
- there are no hidden fees or charges;
- app is free to use and download;
- compatible with current Android versions.
