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iPesa – Credit Loan to M-pesa: How to Access It

By Oluchukwu Ikemefuna

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In today’s digital age, you may easily manage your finances owing to services such as iPesa, which bridges the gap between credit loans and M-Pesa, Kenya’s top mobile money network.

iPesa is an excellent way for M-pesa consumers to bridge the gap between credit loans and themselves. But how may this service be accessed? If you’re wondering, “How do I get a loan with iPesa?” Do not worry; we will walk you through everything step by step.

It is very important to pay back an iPesa loan so that you can maintain your financial stability. The process for M-Pesa users, the most popular mobile money service, has been simplified thanks to iPesa’s partnership with M-Pesa. 

In this article, we will look into how to get the iPesa credit loan to M-Pesa, how to pay the iPesa loan, and other important things to know to navigate the iPesa loan application. Let us delve into all aspects of iPesa-credit loan to M-Pesa- which will make financial management much easier and more convenient for everyone.

What is iPesa and How Does it Work?

How Do I Get Loan With iPesa

Ipesa Loan App is a leading Kenyan fintech startup that offers quick, unsecured, and mobile loans to people and businesses. The company was launched in 2016 and has since evolved to become a significant player in Kenya’s lending market. 

Ipesa has earned a reputation for giving fast and convenient loans that are available. The iPesa lending app is available for Android and iOS devices. You can apply for a loan with iPesa from anywhere, at any time. The application is simple and takes only a few minutes to finish.

The system uses a machine-learning algorithm to determine your creditworthiness, as do the majority of lenders in the country. It examines your device’s messages and other data to estimate your ability to repay loans on time. If you are uncomfortable with this service viewing such sensitive information on your smartphone, you should not apply for financing. 

Related – iPesa Loan App:  How to Download and Apply For Loan

How Do I Get a Loan With iPesa to M-Pesa?

iPesa-Credit Loan to M-pesa

To get the iPesa-credit loan to M-Pesa, you have to download the iPesa loan app, which is available on both the Google Play Store and App Store. Follow these steps to download the iPesa app:

  1. Launch the Google Play Store or Apps Store on your phone.
  1. Look up the iPesa Loan App. Install the app called “iPesa – Credit Loan to M-Pesa”. 
  1. Wait for the installation to finish and then start the app 
  1. Allow the app to access messages, contacts, media, cameras, device information, location, etc. 
  1. Enter your MPesa phone number and then click ‘Proceed.’ 
  1. Enter the verification OTP you received now. 
  1. Enter and confirm your secure login PIN. 
  1. Tap the “Register” button after you have read and accepted the terms and conditions.

Now, over to applying for the iPesa – Credit Loan to M-Pesa, follow these steps:

  1. Open the iPesa app and log in with your details. 
  1. As a new iPesa user, you’ll need to provide some information. 
  1. Fill out your personal information, including your name, gender, education level, and email address. 
  1. Next, provide your employment status and income information. 
  1. Enter information about your family, such as marital status, place of residence, and emergency contacts. 
  1. Then, your borrowing limit will be calculated and displayed on the screen.
  1. Select the amount you want to apply for. 
  1. Select the payback period, then ‘Apply.’ 
  1. Confirm the amount applied for, repayment duration, and costs, then select Submit. 
  1. In a short period, you will receive the loan in your MPesa, minus the fees deducted upfront.

iPesa – Credit Loan to M-pesa Eligibility Criteria and Requirements 

To be able to apply for iPesa-Credit Loan to M-Pesa, you have to pass these eligibility criteria and meet these requirements:


  1. Minimum Age: 18 years old or above.
  1. Credit History: While iPesa doesn’t explicitly state a minimum credit score requirement, there may be a preference for applicants with a positive credit history or limited borrowing experience. This is because a lack of negative credit bureau (CRB) listings in Kenya can suggest responsible financial management.


  1. Kenyan Residency: iPesa’s services appear to be targeted towards Kenyan residents only.
  1. Valid Identification: A National Identification Number is required during the application process.
  1. Active Safaricom M-Pesa Account: A registered and actively used Safaricom M-Pesa account is mandatory for both receiving the loan and making repayments.
  1. Smartphone with Internet Access: The application process is conducted online through the iPesa app, downloadable on Android and iPhone smartphones. An internet connection is also necessary. 

Read Also – Shika Loan App: How to Apply

iPesa – Credit Loan to M-pesa Interest Rates and Repayment Terms

How to Pay iPesa Loan

It will be determined by both your repayment history and the loan’s cost. Depending on the situation, iPesa charges a 12% APR and 0% service fee. 

When several circumstances are considered, iPesa may impose a 15% interest rate for 14 days. You solely must bear any M-Pesa transaction fees linked with withdrawal and reimbursement. 

For short-term credit, the iPesa loan payment must be made within 91 days, and for long-term credit, within 180 days. You can extend your limit by paying early. If you borrowed Ksh 500 for 180 days at a rate of 12% APR. The interest rate will be as follows:. 

500 x 12% = Ksh. 60

Hence, you will pay 500 + 60 = Ksh. 560 

How to Pay iPesa Loan: Repayment Process

Repaying an iPesa loan is a simple process that guarantees prompt repayment of borrowed funds. Here’s a guide to help you manage the payback process efficiently:

  1. Navigate to the M-PESA option in your Sim Toolkit or dial *334#. 
  1. Open the M-PESA Lipa. 
  1. Select Pay Bill 
  1. Enter the iPesa Business Number 192010.
  1. Enter your MPesa number registered in the iPesa app as the Account Number. 
  1. Enter the loan amount you intend to repay. 
  1. Enter your MPesa PIN. 
  1. Confirm the details, then send to finish the transaction.

Repayment Examples

  • If you opt to make a one-time repayment, you will do so after 180 days for KES3400.
  • If you opt to make monthly repayments, the monthly repayment amount will be KES 3400/6 = KES 566.67.

Following these procedures will allow you to efficiently manage and repay your iPesa loan while maintaining financial responsibility and a good credit history. Remember that late loan repayment incurs a daily rollover fee of 2% of the borrowed amount.

Also Read – Okash Loan App Download

Benefits of Using iPesa for Credit Loans

There are various benefits to utilizing iPesa for credit loans, but among many others, the most popular and finest ones are:

1. Fast and simple application procedure

The iPesa loan application process has been streamlined for speed and simplicity. You may complete the entire process in a few minutes and do not need to submit any paperwork. 

Simply enter your basic information, and you will receive a loan decision within 24 hours. There is no need to go to the bank or fill out any onerous documents. Everything is done online, so you can apply for a loan from the comfort of your home.

2. iPesa provides competitive interest rates.

In terms of interest rates, iPesa loans are among the best options in the business. You can get loans with interest rates as low as 1.5% per month, which means you’ll save money on interest if you choose these loans and pay them off soon. 

Low-interest rates make iPesa loans an attractive choice for consumers looking to consolidate debt. Consolidating your debt into a single low-interest loan will save you money and help you become debt-free faster.

3. There are no hidden charges.

One of the most appealing aspects of the iPesa Loan is the lack of any hidden fees. There will be no surprises when it comes to the amount you will pay each month. There are no origination or prepayment fees, nor are there any hidden expenditures. 

You will only be charged for loan interest and a processing fee. The processing fee is a minor fee that covers the expense of processing your loan. It’s simply KSh 1,000 and will be added to your loan amount once.

4. Customizable repayment choices.

iPesa Loan provides adjustable repayment choices to match your specific demands. You can select a term ranging from one month to 36 months, allowing you to choose the payback time that best matches your budget. 

If you need more time to repay your loan, you may choose a longer period, but you can choose a shorter term if you want to pay it off sooner. Furthermore, additional payments can be made at any moment to help you repay your debt faster. The iPesa Loan allows you to repay it on your own time and terms.

5. Funds are available within 24 hours.

Another significant advantage of an iPesa loan is the ability to get funds within 24 hours. Once authorized for a loan, the funds will be transferred to your M-Pesa account within 24 hours. 

This means you can utilize the money right now rather than waiting weeks or months. This is a significant benefit, particularly if you require it for an emergency or unexpected expense. iPesa Loan can provide you with the funds you require when you need them.

6. Customer service is available 24/7.

You may also count on iPesa Loan to provide you with 24-hour customer assistance. If you have any questions regarding your loan or the application procedure, simply call customer care. 

The customer support team is there to assist you in any way possible, including answering loan-related questions, assisting you through the application process, and giving any additional assistance that may be required. They are available via phone, email, and chat, and will assist you in any way that is most convenient for you.

Read Also – Tala Loan app: How to Apply for a Loan

iPesa Loan Limit and How to Increase It

iPesa allows you to borrow anywhere from Ksh 500 to Ksh 50,000. However, it is important to note that to qualify for a greater loan limit, you must:

  1. Pay back the loan on time – According to iPesa, the faster you repay the loan, the more likely you are to receive a higher limit. 
  1. Transact more with M-Pesa – Since iPesa checks your M-Pesa communications, the more you transact with your M-Pesa, the higher your possibility of increasing your loan limit.
  1. Avoid CRB – While iPesa does not prevent you from borrowing from other lenders, you should avoid being blacklisted by them. If you do, not only will you be eligible for a greater limit, but you may also be unable to obtain another iPesa loan. 

iPesa Rewards and Promotions 

iPesa occasionally gives coupons to loyal customers (those who pay their loans on time after borrowing), among other incentives. To stay up-to-date on their loan offers, follow them on Facebook (iPesaKenya).

How to Contact iPesa for Support or Inquiries

You can contact iPesa customer support in either of the following ways: 

  • Physical address: Adlife Plaza, Chania Avenue, Nairobi. 
  • Email addresses: help@ipesa.cc or service@ipesa.cc. 
  • Phone number: +05488888888. 
  • Website: ipesa.cc

Final Thoughts

iPesa offers a very useful solution of credit loans that are directly transferred to your M-Pesa account, making the whole borrowing process easier. To get an iPesa loan, you need to just download the app, register, and then follow the provided instructions. 

Repayment is also simple – just make sure that your M-Pesa account has enough money on the due date and iPesa will automatically take off the loan amount as well as any fees that may be applicable. 

With iPesa you will never find it easier to borrow or repay through M-Pesa which gives a quick remedy for those who need hassle-free financial aid.

Frequently Asked Questions

How do I apply for an iPesa loan?

To acquire an iPesa loan, you must first download the app and sign up using your M-Pesa number. They will issue you a one-time password to help you validate your information. After registering, you can see your loan limit and apply for one.

How Long Will It Take for Me to Get My Loan After I Apply?

Following a successful application, the iPesa loan is disbursed to your MPESA account in a matter of minutes. You will receive two texts from MPESA and iPesa informing you that your loan has been disbursed.

What Happens if I Overpay My Loan?

If you mistakenly overpay your loan, please contact the iPesa customer care team. You will then have to wait 15 days for iPesa to put the additional monies back into your account.

What Should I Do If My Loan Payment Is Not Reflected?

If you return your loan but do not receive a confirmation message from iPesa, please contact iPesa customer service. They normally resolve the issue within a few hours and notify you via SMS.

Is iPesa secure for my personal information?

Third parties cannot access your data and personal information since iPesa encrypts them. iPesa claims not to divulge your information unless you fail to repay your loan, despite several reminders.


  • www.yu.co.ke – iPesa Loan App Download 2023 (Everything You Need to Know!)
  • www.tuko.co.ke – iPesa loan app interest rates, payment, contacts 


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Onyinyechi Ikemefuna
Onyinyechi Ikemefuna

Ikemefuna Onyinyechi Patience, a skilled Content Writer hailing from Anambra State Nigeria, holds a Higher National Degree in microbiology from Federal Polytechnic Oko, Anambra. Armed with robust research and SEO expertise, she excels in crafting articles spanning technology, finance, healthcare, education, and lifestyle. Her work stands out for its ability to authentically inspire and engage while inciting action. Beyond her writing prowess, Ikemefuna finds joy in reading, exploring movies, and delving into continuous research, contributing to her growth as a proficient writer.

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