Getting a quick loan at the convenience of your residence is no longer a hassle since the advent of mobile lenders in Kenya who provide soft loans to those who need cash instantly. Nevertheless, most mobile lenders have stringent regulations when it comes to giving out loans and this makes getting quick loans difficult in Kenya. This is where the Chapaa Loan app comes in. In this review article, you will learn about the Chapaa loan app, its specifications, how to apply for a loan, and a list of positive and negative reviews from the Google Playstore.
Let’s dive in…
Overview of the Chapaa Loan App
Chapaa Loan provides a quick and easy way to get a personal loan right from your smartphone. This innovative mobile app connects borrowers directly with lenders to secure loans up to KES 50,000 with no paperwork required.
Some key benefits of using Chapaa Loan include:
- Flexible repayment terms – Borrowers can choose repayment periods ranging from 91 days up to one year, providing flexibility based on their needs.
- Competitive interest rates – Interest rates are reasonable, making Chapaa an affordable borrowing option.
- Easy access – You only need a smartphone and M-Pesa number to receive the loan funds. No collateral is required.
- User-friendly app – The streamlined 13MB app has no ads or clutter. It’s compatible with Android 5.0+ smartphones.
- Rated 3+ – Chapaa Loan has a child-friendly rating, free of inappropriate content.
Chapaa Loan takes the hassle out of securing a personal loan. In just a few taps, borrowers can have funds deposited directly to their M-Pesa account. With flexible repayment and competitive rates, it’s an easy way to access emergency funds or cover unexpected expenses.
| Access Application | Google Playstore |
| Playstore Rating | 3.8/5.0 (Variable) |
| Download Size | 13 MB |
| Required OS | Android 5.0 upwards |
| [email protected] | |
| Offered By | Chapaa Loan |
| USSD Code | None |
| Loan limit (KES) | 2,500 – 50,000 |
| Annual Percentage Rate (APR) | 24% – 50% |
| Repayment window | 91-365 days |
| Additional charges | Defaulters’ penalty |
| Age Limit | 20 years |
| Minimum Requirements | Kenyan ID |
| Repayment Method | Within App |
| Customer Service Hotline | +254 740 312001 |
How to apply for a Chapaa loan app on your phone
- Download and install the Chapaa Loan Mobile app from the Google Playstore.
- Launch the app and a notice of terms, conditions and privacy policies will appear on your screen. Click Agree and continue.
- Select “Register a new account”
- Enter your phone number and request for a verification code that you will receive through SMS. Enter a strong password and proceed to the next window.
- Agree to the Privacy Policy, Terms and Conditions and proceed to Login. (Click on the checkbox at the bottom of the screen)
- The Chapaa Loan app will need to access a few permissions from the ones listed above. Allow all and proceed.
- You will then be directed to the main dashboard. Click on ‘Apply Now’.
- Fill in your registration, personal and contact details accurately. This information will be used to determine your approval. Click Submit
- Apply for your loan depending on the loan limit you have received.
- Your loan will be deposited INSTANTLY upon approval.
User Reviews
Positive Reviews
Best app. Deserve s 5stars Instant loan disbursement. I also like your customer service. With thus app, my financial emergencies are sorted that.
5/5 RatingIt’s a very good lending app. i haven’t experience too many calls for reminders compared to other apps
5/5 RatingThis is the best loan app ever, it really saved me needed cash, and instantly I got it from it🙏💃🏃🤸keep it up
3/5 RatingNegative reviews
Just like knight loan platform. The same data collectors. Don’t kill yourself with the app. “The information you provided didn’t pass ….. even after borrowing and paying on time…” Plus many messages za kusumbua…
1/5 Rating
