Pepea advance

This is a loan granted on the Sacco mobile platform, This loan type is repayable within 30days, Interest rate – 7.5% interest deducted upfront with a roll over fee of 7.5% in the subsequent period of 30 days.

For one to apply for any loan product, the following shall be mandatory requirements:-

  • Two latest original payslips
  • A copy of your national Identity Card or passport
  • A copy of your KRA Personal Identification Number
  • Appropriate supporting documents
  • Bank statements where applicable

About this product

  • This is a loan granted on the Sacco mobile platform, 
  • This loan type is repayable within 30days, 
  • Interest rate –  7.5% interest deducted upfront with a roll over fee of 7.5% in the subsequent period of 30 days.
  • Shall not exceed 80% of ones’ deposits.
  • Maximum of Kshs. 30,000/= depending on the qualification,
  • Shall be granted automatically basing on the credit history of the member, and FOSA transactions activity.
  • Default of this loan shall lead to automatic disqualification of any other subsequent facility for at least 6months.