Step-by-Step Guide on How To Apply For PesaPap Loan From Family Bank

Accessing a quick mobile loan has never been easier, thanks to Family Bank’s PesaPap service. PesaPap is a mobile banking platform that lets you access banking services directly from your phone. Whether you use the PesaPap app or dial 325#, you can save money, pay bills, buy airtime, and most importantly, borrow money in minutes. This guide will show you how to apply for PesaPap loan, step-by-step, in the simplest way possible. PesaPap offers a quick and easy way to access loans directly from your phone. Follow the steps, meet the requirements, and borrow up to Ksh 50,000 anytime you need cash. [Photo: Courtesy] Understanding How To Apply For PesaPap Loan To apply for a PesaPap loan, you need to first register for the PesaPap Wallet. This wallet is a virtual account tied to your mobile number, enabling you to do basic banking from your phone. Once you have the wallet, you can proceed with the loan application. How To Open a PesaPap Wallet You must first open a PesaPap Wallet before you can request a loan. Here is how to do it: Download the PesaPap App from the Google Play Store or dial 325# Select Open Wallet Account from the menu Follow the instructions to register your wallet You will need the following information: Full name (as it appears on your ID) National ID number Mobile phone number Once done, your phone number becomes your wallet account number. How To Qualify For PesaPap Loan Not everyone qualifies automatically. To improve your chances of loan approval, make sure you meet the following requirements: Have an active Family Bank account for at least 6 months Avoid CRB listing for the last 3 months Ensure your wallet account has a monthly turnover of at least Ksh 15,000 for the past 3 months Family Bank will review your activity and determine if you’re eligible based on your wallet usage. How To Request a PesaPap Loan Once you meet the qualification criteria, follow these steps to apply for the loan: Go to the PesaPap Wallet menu Select My Loans Choose Request Loan Enter the amount you want to borrow Confirm your request using your MPIN The system will then display your loan amount, applicable facility fees, and repayment date. A confirmation message will also be sent via SMS. PesaPap Loan Limit PesaPap allows you to borrow up to Ksh 50,000 depending on your account activity, previous repayments, and eligibility status. PesaPap Interest Rate The interest rate on a PesaPap loan is 6.62% per month . This includes facility fees and service charges. Always check the breakdown before confirming your loan. How To Repay PesaPap Loan PesaPap loans must be repaid within 30 days . You can choose between: Full Repayment – Pay the entire loan balance at once Partial Repayment – Pay in installments within the 30-day period To make a repayment, log in to the PesaPa p app or dial 325# and select the loan repayment option. PesaPap Loan Contact Support For any issues or clarifications, you can reach Family Bank customer care via: 0703 095 000