How to Borrow from Pesa Pata
Pesa Pata App provides mobile loans ranging from Ksh 500 to Ksh 20,000 with a repayment period of one week to 61 days. Pesa Pata approves loans within minutes with an interest rate of 5–10%. To check your loan limit, simply download the app and register. Pesa Pata loans are unsecured.
Disbursement Details: How to Access/Register for the Loan
Accessing and registering for a Pesa Pata loan is straightforward and can be done through either the USSD code or the mobile app. You can follow the steps below to access and apply for your loan:
Using the USSD Code
- **Dial *269# on your Safaricom line.
- Select the option to register for a Pesa Pata loan.
- Enter your personal details as prompted.
- Pay the registration fee of Ksh 100 via pay bill number 519606.
- Purchase a Pesa Pata scratch card from a local agent.
- Scratch the card to reveal the PIN.
- Send an SMS to 0707 000 222 with the PIN to receive the loan amount in your M-Pesa account.
Using the Pesa Pata App
- Download the Pesa Pata app from the Google Play Store or the Apple Store.
- Register your details on the app, including your Safaricom M-Pesa number.
- Verify your account via an SMS confirmation.
- Choose your service: Select whether you want to lend or borrow money.
- Purchase a Pesa Pata scratch card from a local agent.
- Scratch the card to reveal the PIN.
- Enter the PIN in the app to receive the loan amount in your M-Pesa account.
Total Cost Breakdown (Loan Fees)
- Interest Rate: 5–10% of the loan amount
- Service Fee: 1%–30%
- Taxes: Included in the processing fee
- Insurance: None
- Withdrawal Fee: As per M-Pesa charges
- Late Payment Penalty: One-time fee of 5% of the principal amount borrowed
Repayment Details
Pesa Pata loans must be repaid within one week to one month. Early repayment is allowed and can improve your credit limit. Repayment methods include:
- Mobile Money Menu: Go to “Loans,” select “Pesa Pata,” and click “Repay Loan.”
- USSD: Dial *269#, select Pesa Pata, and follow the prompts.
Eligibility Requirements
To qualify for a Pesa Pata loan, you need:
- An active Safaricom M-Pesa account
- A valid Kenyan ID
- A history of M-Pesa transactions
- Purchase of a Pesa Pata scratch card
- Payment of a registration fee (Ksh 100 via pay bill number 519606)
Representative Example of Loan Costs
Here is a breakdown of potential loan costs when using the Pesa Pata App:
| Loan Amount | Loan Fee | Total Repayable |
|---|---|---|
| Ksh 500 | Ksh 150 | Ksh 650 |
| Ksh 5,000 | Ksh 1,500 | Ksh 6,500 |
| Ksh 10,000 | Ksh 3,000 | Ksh 13,000 |
Alternative Lenders to Consider
| Alternative Mobile Loans Apps | Loan Name | Read more about loan |
|---|---|---|
  | Zenka Loan App | Read more |
  | Berry Loan App | Read more |
  | Okolea Loan App | Read more |
  | Timiza Loan App | Read more |
Contact Pesa Pata
For more details, visit the Pesa Pata website or contact them at:
- Phone: 0707 000 555 / 020 514 2100
- Email: info@pesapata.com