How to Get a Loan from Scoppe Loan Mobile App
Scoppe Mobile Loan provides loan limits ranging from Ksh 500 to Ksh 50,000 with a repayment period of 60 to 100 days. Loan approval takes just a few minutes. Interest rates are up to 196.56% APR (Annual Percentage Rate). You can download the Scoppe app to check your limit and get approved. Scoppe offers unsecured loans.
Disbursement Details
How to Access/Register for the Loan
To access the Scoppe Mobile Loan, download the Scoppe app from the Google Play Store. Alternatively, log in using your Facebook or Google account.
How to Apply for the Loan
- Download and open the Scoppe app.
- Log in using your Facebook or Google account.
- Scan your national ID or travel passport.
- Input your phone number.
- Accept the terms and conditions.
- Submit your loan application.
- Receive loan disbursements instantly to your M-Pesa account.
Total Cost Breakdown (Loan Fees)
- Processing fee: None
- Interest rate: Maximum Annual Percentage Rate (APR) of 196.56%
- Late fee: One-time fee of 5% of the principal amount borrowed
- Taxes: Included in the Interest rate
- Withdrawal fee: As per M-Pesa charges
Repayment Details
You can repay your Scoppe Mobile Loan in flexible installments. You can repay your loan early without penalties, which helps reduce the overall interest cost. Moreover, you can make repayments through M-Pesa or directly via the Scoppe app. The minimum repayment period is 60 days, and the maximum is 100 days.
Eligibility Requirements
To be eligible for the Scoppe Mobile Loan, you must:
- Be a Kenyan citizen with a valid ID or travel passport
- Be at least 18 years old
- Have an active mobile number registered to M-Pesa
- Have a regular income source
Representative Example of Loan Costs
Below is a representative example of the loan costs for different loan amounts.
| Loan Amount (Ksh) | Loan Cost (Ksh) | Total Amount to be Repaid (Ksh) |
|---|---|---|
| 500 | 150 | 650 |
| 1,000 | 300 | 1,300 |
| 5,000 | 1,500 | 6,500 |
| 10,000 | 3,000 | 13,000 |
Alternative Lenders to Consider
| Loan Thumbnail | Loan Name | Read more about loan |
|---|---|---|
  | Uba Pesa Mobile Loan | Read more |
  | Branch Mobile Loan | Read more |
  | Berry Mobile Loan | Read more |
  | Okolea Loan App | Read more |
  | Pesa Pata Loan App | Read more |
Scoppe Mobile Loan offers a convenient and efficient way to access funds on the go. With a simple application process and flexible repayment options, it’s a reliable choice for those in need of quick financial assistance. Always review the terms and conditions carefully to ensure you manage your finances effectively.
For more information, reach out to Scoppe customer care at customercare@paddymicro.comor call 0707 000 222. You can also find Scoppe Mobile Loan App on Facebook and follow them on Twitter: @scoppe_ke.