You can now initiate mobile loans through the Utunzi app and get instant loans. With this, you have access to finance at any time, wherever you are in Kenya.
Through its Android app, this micro-lender in Kenya offers affordable and fast loans. A borrower can apply for loans ranging from kshs. 500 to Kshs. 100,000.
An applicant’s credit score is calculated automatically by the app and taken into account, along with other information provided by them during the sign-up process. The amount of the loan is disbursed to the borrower’s M-Pesa account within minutes of approval.
About Utunzi
Founded in 2008, Utunzi loan is committed to building the easiest and safest way to acquire loans. You can access Mpesa finance from any location in Kenya at any time. There is no paperwork to fill out. Within 3 minutes, you can get a low interest loan through Utunzi. In the Business category of apps, the free app Utunzi is part of the Accounting & Finance list of Android apps.
Utunzi loan application
- Has a catchy colour
- The company that developed Utunzi is App admin.
- The latest version released by its developer is 21.0.
- This app was rated by 10 users on the site
- Has an average rating of 3.0.
How to apply for Utunzi Loan
Follow these steps to apply for a loan from utunzi loans:
- Login into your utunzi app
- Select “Apply for a Loan”
- Enter the amount you wish to borrow
- Answer a few questions
- Attach photo of your ID
- You can also add referees
- Submit the application
When your application is approved, the loan amount you applied for will be sent directly into your M-Pesa account within a few minutes. The length of the repayment period for loans borrowed differs according to the amount borrowed.
Maximum loan amount
From ksh. 500 to ksh. 1,000,000
Repayment duration
Minimum of 91days to a maximum of 36 month
Interest rate
The interest rate is 12%.
Other fees
Utunzi loans have an account management fee of ksh. 400 which is payable annually.
How to repay Utunzi Loan
This is how you will repay your loan at the due date:
- Go to Safaricom menu and select M-Pesa
- Select Lipa na M-Pesa
- Select Pay bill
- Enter 800950 as the Paybill number
- Choose your phone number as the account number.
- Input amount
- Press OK.
4 procedure for acquiring the Utunzi loan app
- On our website, click the Continue To App button. The link will redirect you to Google Play.
- When Utunzi appears in the Google Play listing of your Android device, you can download and install it. Install the app by tapping on the Install button below the search bar.
- The permissions needed for Utunzi will appear in a pop-up window. To continue, click Accept.
- The progress of downloading Utunzi will be displayed on your device. Upon completion of the download, the installation will begin. You will be notified when it is complete.
Utunzi Loan Contacts
You can contact Utunzi ventures through the following numbers: 0720686009 or 0721843974. In the event you are able to access the app, you can use the in-app messaging feature. Also, you can visit Utunzi in Nairobi, Kenya, at Vitram Plaza, 3rd Floor.
Conclusion
One of the most convenient instant mobile loans in Kenya is the Utunzi loan app, which lets consumers access loans between Ksh 500 and Ksh ,,000. Designed by Utunzi ventures, it offers direct lending to smartphone users with phone numbers and good borrowing history.