Ubapesa Loan App Guide

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UbaPesa is a platform where you can borrow money. You could call it a Money Market. UbaPesa Limited is a money lending app that is increasingly becoming famous in Kenya. Founded by a Nairobi based company, the app connects lenders and borrowers enabling them to save money or borrow from each other. According to a recent report by the Financial Sector Deepening (FSD), an estimated 35% of Kenyan adults are using mobile platforms to borrow money. UbaPesa checks the eligibility of an individual to lend money through their M-PESA account. Unlike other money lending apps ubapesa not only creates a CRB account for individuals wishing to borrow money but it also has a money back guarantee to money lenders.

*Getting Started*
1. Download app.
2. Register using your Mpesa Number.
3. Get approved and receive loan

Below is a simple guide on how to make money with Ubapesa loan app. It’s without a doubt that Ubapesa loan app is one of the fastest-growing mobile loan apps in Kenya.

The loan app is a product of Ubapesa limited, a technology company in Nairobi, Kenya that helps lenders to make a profit with their money and borrowers gain access to loans for their personal use.

Unlike other mobile loan apps, Ubapesa acts like a money market because it allows buyers and sellers of money to connect.

What I like about Ubapesa, is that it gives Kenyans who want to invest a chance do so by becoming lenders and make profits.

Ubapesa Loan App Registration Process

  • Go to Google Play Store on your smartphone.
  • Search for Ubapesa loan app and download it.
  • Go to the money market section and choose to either become a lender or borrower.
  • Start transacting.

How Ubapesa Works

Most Kenyans who use Ubapesa do so as borrowers. With this loan app, you can apply for a loan that doesn’t surpass your loan limit.

They have a flexible repayment plan that allows borrowers to settle their loan within 10 days, with an interest rate of 9%, 10% after 20 days and 13% after 30 days (1 month).

If your loan application gets approved, the money will be sent to your M-Pesa account in less than 5 minutes.

How to Repay Ubapesa Loan

This can be done in 2 ways

A. Through Ubapesa Loan App

  1. Log in to your Ubapesa loan app account.
  2. Go to “Repay Loan”.
  3. Select through M-Pesa.
  4. Enter the loan amount.
  5. Enter your M-Pesa and submit the information.

B. Through Ubapesa Paybill Number

  1. Go to M-Pesa on your phone.
  2. Choose Lipa na M-pesa.
  3. Choose paybill.
  4. On the business number section, enter Ubapesa paybill number 144966.
  5. On the account number section, enter your phone number.
  6. Enter the loan amount.
  7. Enter your M-Pesa pin and submit the information.

How to Make Money With Ubapesa Loan App

Ubapesa allows Kenyans to make money by becoming lenders. For one to lend money to borrowers, you need to load money into your wallet.

How to Deposit Money to My Ubapesa Account

  • Log in to your Ubapesa account.
  • Choose “Add Funds”.
  • Enter the amount of money you wish to deposit to your account.
  • You will be taken to M-Pesa.
  • Enter your M-Pesa pin and submit the information.

Or

  • Go to M-Pesa on your phone.
  • Choose “Lipa na M-Pesa”.
  • Go to Paybill.
  • On the business number section, enter Ubapesa paybill number 144966.
  • On the account number section, enter your phone number.
  • Enter the amount of money you wish to deposit to your Ubapesa account.
  • Enter your M-Pesa pin and submit the information.

How to Lend Money on Ubapesa

Did you know that there are 2 ways of lending money on Ubapesa? The first one is that the loan app matches your details with that of a borrower who meets all your requirements.

The second one is that the app permits the lender to select a borrower of his or her choice regardless of their conditions and specifications.

As a lender, you can choose to either become a single or multi lend

Single Lend is where you lend money to a borrower and wait for them to pay back before you can issue a loan to another person, whereas with multi lend, the lender can give loan to a lot of borrowers and wait for them to pay back before they can start lending again.

Lenders earn 42.5% of the interest paid by the borrower and 57.5% goes to Ubapesa loan app to cater for the settle insurance fees, withholding fees and platform charges among others.

How to Withdraw Your Profits From Ubapesa

  1. Log in to Ubapesa loan app.
  2. Choose “Withdraw from Ubapesa”.
  3. Enter the amount of money you wish to withdraw.
  4. Enter your Ubapesa pin and wait for the money to sent to your M-Pesa account.

Where can I download UbaPesa App?

You can  download Ubepesa from Google Play Store for Android, Apple App Store for iOS or APK

Discover what all the buzz is about!

UBAPESA app is available on any mobile device! Download now to get started!

Ubapesa Contacts

Call: 0709693000
Email: info@ubapesa.com
Address: Golf View Office Suites, Muthaiga, Wambui Road, off Thika Road, 4th Floor Office No. A4


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