Press "Enter" to skip to content

How to apply instant loan on iPesa loan app 2022


iPesa loan app is a mobile-based lender. iPesa loan app is a product of Xcredit and they offer loans ranging from KSH. 500 to KSH. 50,000 with a repayment period of up to 180 days.

In this article, I will take you through the process of downloading and installin iPesa loan app, qualifying for your first loan, borrowing your first loan and repaying the loan.

I will also answer some of the most asked questions about iPesa loan app at the end of the article.

Read also: How to download tala loan app and how to qualify for your first loan on Tala.

Read also: How to qualify for up to KSH. 150,000 loan on Timiza loan app 

How to download iPesa loan app

iPesa loan app download

iPesa loan app is available for free on the google play store. To download this app, visit your google play store, and on the search section search for the term iPesa loan app, it will appear among the search results.

You can easily identify it by looking at its developer which is Xcredit. You can as well follow this link which will lead you to the location of the app on the google play store.

After successfully searching for the app on your google play store, click on download and wait for it to finish downloading after which it will install automatically. After this process is complete, you are good to go. You can now go ahead to open your app and begin the process of applying for your first loan.

How to apply for iPesa loan

After downloading iPesa loan app successfully, the next step is to register using your details as they appear on your national ID card. You must meet the following to qualify for a loan on iPesa;

  • Must be 18 years and above
  • Must have a smartphone with iPesa app installed on it
  • Must have a national ID card
  • Must have a functional M-Pesa account

Once you meet the above qualifications, open your app and enter your details correctly as they appear on your official document. Your loan limit will be automatically calculated and updated on your app.

Proceed to borrow any amount within your range and the loan will be automatically processed and disbursed to your M-Pesa account in less than five minutes.

How to repay your iPesa loan

You can repay your iPesa loan using M-Pesa paybill 192010 or using your iPesa loan app.

iPesa paybill

To repay your loan using the iPesa paybill, follow this procedure;

  • Go to sim toolkit and select the M-Pesa option.
  • Go to lipa na M-Pesa and and select paybill
  • Enter paybill number 192010
  • Enter your phone number as the account number
  • Enter your M-Pesa pin to complete the transaction

iPesa loan app

To repay your loan using the app, follow this procedure;

  • Log into your app by entering your login details
  • Click my loan and choose pay loan
  • Enter the amount you wish to pay
  • Enter your phone number
  • Enter your M-Pesa pin when the once the pop up message appears.

iPesa loan interest rates

iPesa has an annual percentage rate ranging between 36% and 72%. This means that the interest charged on loans borrowed from iPesa range between 36 percent annually and 72% annually.

The amount of interest you pay depends on your payment plan, long payment plan attracts high-interest while a short payment plan attracts low interest.

These are some important things you need to know about iPesa;

  • iPesa has no hidden charges
  • iPesa paybill number is 192010
  • iPesa loan app is only available in google play store
  • iPesa is yet to launch a USSD code
  • iPesa offers unsecured loans.
  • iPesa offer loan ranging from KSH.500 to KSH. 50,000

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:

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *