Getting a quick loan has never been easier in Kenya, thanks to OPesa Mobile Loan. This guide walks you through exactly how to apply for and repay an OPesa Mobile Loan via M-Pesa safely and efficiently.
OPesa, owned by Tenspot Kenya Limited and operating since 2019, has served over 500,000 Kenyans via its mobile app. Whether you need Ksh 500 or Ksh 30,000, this platform offers fast approvals using your phone data, CRB status, and Mpesa history.
Knowing how to navigate the application and repayment process ensures you access funds without delays or unnecessary penalties.
OPesa Loan Registration and Application
Applying for an OPesa Mobile Loan is straightforward but requires a few essentials. Here’s what you need:
- Smartphone: Must run Android 4.0.3 or higher.
- Kenyan Identification Card (ID).
- Mpesa registered phone number.
Once you have these, follow these steps:
- Download the OPesa App from Google Play.
- Register your details: Fill in personal and financial information required for loan approval.
- Data verification: OPesa reviews your call logs, SMS logs, Mpesa transaction history, GPS location, and CRB credit listing to determine eligibility.
- Loan approval: After verification, you receive instant notification of your approved loan amount.
| Feature | Details |
|---|---|
| Loan range | Ksh 500 – Ksh 30,000 |
| Interest rate | 16.8% per 14-day period |
| App downloads | 500,000+ on Google Play |
| Owner | Tenspot Kenya Limited, Ring Road Parklands, Westlands, Apollo Center |
OPesa Loan Interest Rates and Penalties
Understanding interest rates and penalties helps you manage your loan responsibly:
- Interest rate: OPesa charges 16.8% for a 14-day repayment period.
- Late payment fees: If you miss the repayment deadline, a daily fee of 2.4% applies.
- CRB listing: Failing to repay within 20 days results in being listed at the Credit Reference Bureau.
- Collection process: OPesa may call or send SMS messages to your contacts if you default.
Managing your repayment schedule carefully avoids penalties and protects your credit score.
How to Repay OPesa Loan Using Mpesa
Repaying OPesa via Mpesa is fast and secure. Follow these simple steps:
- Open Mpesa Menu on your phone.
- Select Lipa na Mpesa.
- Choose PayBill.
- Enter 606280 as the business number.
- Input your registered phone number as the account number.
- Enter the amount you want to repay.
- Key in your Mpesa PIN and press OK.
- Wait for the confirmation SMS from Mpesa.
| Step | Action |
|---|---|
| 1 | Open Mpesa menu |
| 2 | Select Lipa na Mpesa |
| 3 | Choose PayBill |
| 4 | Enter business number 606280 |
| 5 | Use your registered phone number as account |
| 6 | Input repayment amount |
| 7 | Enter Mpesa PIN |
| 8 | Receive confirmation SMS |
Following these steps ensures your loan is cleared on time, avoiding extra fees and CRB listing.
OPesa Loan Contacts
If you encounter any issues with your loan application or repayment, OPesa provides direct support:
- Phone: +254207650999
- Email: [email protected]
Reaching out to OPesa directly helps resolve issues quickly, especially if repayment confirmations are delayed.
Repaying your OPesa Mobile Loan via Mpesa is designed to be straightforward and user-friendly. By understanding the application process, loan terms, and repayment steps, you ensure quick access to funds without risking penalties or credit damage. Always repay within 14 days to benefit from OPesa’s convenient mobile loan system and maintain a positive credit history.
