Lendplus Review: Quick online loan in kenya

Businesses and small enterprises in Kenya thrive on the availability of small and quick loans. LendPlus is marketed as a convenient mobile loan solution in Kenya. It offers very quick access to cash for Kenyans needing small, short-term loans without upfront fees.

However, borrowers should be aware of the high daily interest associated with LendPlus, especially if they plan to do extended borrowing to avoid regret.

The lack of upfront fees (just the interest) can be attractive for emergency needs, but the cost remains significant if not repaid promptly.

Through this extensive writing on LendPlus review, you will be well informed about LendPlus; their interest rate, repayment plan, and limitations.

1Lendplus Review

2Who owns LendPlus?

3Is LendPlus a legit?

4How do I repay my LendPlus loan?

5What is the limit of a LendPlus loan?

6What is the pay bill number for LendPlus?

Lendplus Review

LendPlus is a Kenyan online lending app offering instant microloans via M-Pesa. It is positioned as a user-friendly quick loan app with loans from a few hundred to a few tens of thousands of shillings. In this review, we cover everything from how LendPlus works to ownership and repayment details.

According to their website, they offer loans Ksh 1,000 to Ksh 100,000, with rapid approval (often 5–15 minutes) and only minimal requirements (national ID and mobile phone). Interest rates are quoted as “from 0.9% to 2.2%” (likely daily rates). The app claims to directly disburse approved loans to the user’s M-Pesa account in about 15 minutes.

In practice, LendPlus is no different to other digital lenders: customer downloads the application to their phones, either in Google Play or Apple Store, enters their phone number and ID and applies for a loan.

First-time borrowers usually receive a smaller limit (e.g. up to Ksh 15,000). Repayment terms are typically 5 to 30 days, and extensions are possible by paying interest.

Who owns LendPlus?

LendPlus is operated by Aventus Technology Limited, a company registered in Kenya. Business Today reports that LendPlus (the loan app) is run by Aventus Group, a Lithuanian fintech company led by CEO Andrejus Trofimovas. In fact, LendPlus is described as “operated by Aventus Technology Limited of Aventus Group, a Lithuanian investment company”.

So, despite targeting Kenyan customers, LendPlus’s ownership is foreign (Lithuania). The terms & conditions confirm Aventus Technology Ltd (company number PVT-GYUKVZZ in Kenya) as the lender behind LendPlus.

This is common among mobile loan apps, many of which are operated by East European or Israeli fintech firms. The key point: LendPlus is backed by a legitimate registered company, not a random internet entity.

Is LendPlus a legit?

According to the company’s own claims and documentation, LendPlus is a legitimate licensed lender. The LendPlus website proudly states that as of 2023, it “stands tall as a legit mobile lending solution” in Kenya.

Its terms & conditions show it is provided by Aventus Technology Ltd, a Kenyan-registered firm, indicating it operates under Kenyan law. They also mention compliance with financial regulations, and it specifies mobile money transfers must be done through providers “authorized by the Central Bank of Kenya”.

LendPlus appears on the Google Play Store and has thousands of downloads, suggesting it’s broadly recognized. It has been reviewed by Kenyan finance sites and seems to follow the usual rules (e.g., reporting to CRB under Kenyan CRB regulations).

However, some users complain about high interest or aggressive collection in online forums. This is consistent with a 2% daily rate, but can shock first-time users who compare it to bank loans.

So yes, LendPlus is a “real” loan app – not a scam – but it is a high-cost credit product. Borrowers should treat it like any short-term microloan: only borrow what you can repay on time.

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How do I repay my LendPlus loan?

Repaying a LendPlus loan is done via M-Pesa. Once you have an outstanding LendPlus balance, you use the Paybill feature on your phone. Specifically, follow these steps as outlined:

Open the M-Pesa menu on your Safaricom-enabled phone.
Go to Lipa na M-Pesa (Paybill).
Select Paybill option.
Enter Paybill No. 4073865 (the LendPlus paybill number).
For the “Account Number,” enter your own M-Pesa-registered phone number (the one linked to your LendPlus account).
Enter the repayment amount (the full balance due).
Enter your M-Pesa PIN and confirm.

After sending, you should get an SMS from Safaricom confirming the payment, and another SMS from LendPlus acknowledging the loan repayment. It’s that straightforward. If you only pay part of the balance, LendPlus will usually adjust the due date or recalculate interest accordingly.

Alternatively, the LendPlus app itself might have an in-app payment option. You can also repay through the app: by logging in, going to “Payment” and following prompts, which then leads to an M-Pesa prompt on your phone.

This essentially automates the same Paybill process. Either way, the key paybill for direct payment is 4073865 (for full or partial loan settlement).

What is the limit of a LendPlus loan?

LendPlus’s loan limits depend on your credit history with them. For new customers, the first loan is usually capped at KSh 15,000 or KSh 30,000, as per various sources.

The official LendPlus page says up to 100,000, but that may be after account upgrades. The review notes a ceiling of KSh 30,000 with a 2% daily interest rate.

As you repay on time and maintain good standing, LendPlus may increase your credit limit. Some users report higher limits (the app itself showed one user reaching 30,000 quickly). But to be safe, assume the starting max is around 30K. It’s best to apply only for what you need, since interest accrues daily.

What is the pay bill number for LendPlus?

For all repayments to LendPlus, use the Safaricom Paybill 4073865. As per Money254 and LendPlus customer instructions, this Paybill is designated for LendPlus loan payments. When making a payment (full or partial), enter 4073865 as the Paybill number.

Always double-check your loan statement or the LendPlus app for the correct paybill, but 4073865 is the primary one given for loan settlement.

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FAQs

Is LendPlus reliable?

The company is rated 4.2 based on 7176 reviews from customers

Who owns LendPlus?

Aventus Group

How to repay a LendPlus loan?

Click on the repayment tab on the Lendplus mobile app or website and make the payment using the payment gateway using repayment methods: Debit Card, UPI, or Net banking

Conclusion

LendPlus is a convenient online lending app for Kenyans needing quick access to cash. It provides loans within minutes, disbursed straight to your M-Pesa. its main advantages are speed, simplicity (only ID and phone needed), and no upfront fees.

LendPlus is easy to use and dependable as emergency sources of finance, but borrowers need to be well informed about the cost. You can use it if you can pay off on time (or only a small sum is necessary). You will accrue a lot of interest if you use it frequently.