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Hela pesa loan app 2023: APK Download, Paybill, Contacts


Hela Pesa loan app is a mobile lending app that offers instant, personal loans ranging between Ksh. 500 and Ksh. 200,000.

Hela pesa loans are fully processed online and unsecured meaning that one does not need any security in order to qualify for the loan.

Did you know that Azimio loan app is the lending app which has the lowest interest rate apart from Hustler fund? Read more about Azimio loan app here.

Read also Insta hela loan app which is one of the most reliable loan apps in Kenya 2023.

Click on this link to download Hela Pesa loan app from google playstore.

Hela Pesa loan details

Hela Pesa loan amount

Hela Pesa loan ranges between Ksh. 500 and Ksh. 200,000. One however starts with a low limit and then grows gradually to a high limit depending on how they borrow and repay their loans.

Hela Pesa loan tenure

Hela Pesa gives customers a period ranging between 3 months (90 days) and 2 years (740 days) to repay their loan.

One has the liberty to choose the repayment period which fits well with their financial position. The repayment period one settles on however has a direct impact on the amount of interest they are going to repay. This means that when one settles on a long repayment period, they will repay the loan with high interest while if one decide to settle on a short repayment period, they will have to repay the amount with less interest.

Hela Pesa loan interest rate

Hela pesa charge an interest rate ranging between 2% and 15%. The interest rate one is charged depend on their risk profile.

One’s risk profile is calculated by the company depending on the amount of money the customer is applying for, the repayment period they are setting on the app, the customer’s credit history on the app, the customer’s M-Pesa and bank statement, and the customer’s credit record on other lending platforms which is determined by their CRB rating.

Hela Pesa loan appHela Pesa loan app 2023 Processing and Onboarding fee

Hela Pesa does not charge any loan processing fee or any onboarding fee. The only fee that is charged by Hela Pesa is the interest rate which one is required to repay as they are repaying their loans.

This is opposed to other loan apps which charge onboarding fee, registration fee, loan processing fee, transaction fee and other fees that are charged even before the loan application process begin.

Advantages and disadvantages of Hela Pesa loan app

Advantages of Hela Pesa loan app

Hela Pesa loan app offer loan of up to Ksh. 200,000. This is high when you consider that most apps do not offer loans above Ksh. 70,000. This is arguably the highest loan amount offered by loan apps in Kenya.

Hela Pesa does not charge any fee apart from the interest rate. They do not charge processing fee, entry fee, transaction fee, late fee, early payment fee or any other fee that is charged by the other apps operating in the Kenyan market.

Hela pesa loans are processed and disbursed immediately. The loans are processed online 24/7 and are automatically disbursed to the customer’s M-Pesa account. This means that one can borrow at any time of the day.

Hela pesa gives customers up to 2 years to repay their loans. This is long when you consider that other lending apps give customers only 1 year or even 120 days to repay their loans.

Hela Pesa loan app charges low interest rate as compared to other apps that charge high interest rate of up to 360%.

Disadvantages of Hela Pesa loan app

Hela Pesa does not have a customer care contact which is active and known. This makes it difficult to reach them whenever you have a problem with your app.

Hela Pesa loan example

For example if one borrow Ksh. 1,000 and set the repayment period to 3 months, they will be required to repay the amount with a monthly interest of 60%.

This will be calculated as follows: {1,000*60%/12} 3 = Ksh. 150

The total amount will therefore be, 1,000+159 = 1,150

Hela Pesa loan app Contacts

Hela Pesa does not have specific phone number or email address where one can air their grievances. You can however use this email


Marion Mwangangi is a Journalism student at Multimedia University of Kenya. Apart from being a student, she is a professional graphic designer, an SEO expert and a video editor. Email:

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