I recently wanted to try iPesa for a quick loan, but I wasn’t sure how the application works or how to repay it using Mpesa. Since these mobile loans have short repayment periods, it’s important to understand both processes clearly.
If you’re planning to use iPesa, here’s a simple guide on how to apply and repay your loan.
Quick Answer
To apply for an iPesa loan, download the app and submit your details. To repay, use Mpesa Paybill 192010, enter your phone number as the account number, input the amount, and confirm payment.
Step-by-Step: How to Apply for iPesa Loan
Step 1: Download the iPesa App
Install the app from Google Play Store.
Step 2: Register Your Account
Provide:
- Kenyan ID details
- Mpesa registered phone number
Step 3: Fill Required Information
Complete your profile with accurate personal details.
Step 4: Loan Assessment
The app evaluates:
- Mpesa transaction history
- SMS and call logs
- Credit score
Step 5: Loan Approval
Approval usually takes a few minutes.
Step 6: Receive Funds
Loan is sent directly to your Mpesa.
Step-by-Step: How to Repay iPesa Loan via Mpesa (Paybill 192010)
Step 1: Open Mpesa Menu
Go to Mpesa on your phone.
Step 2: Select Lipa na Mpesa
Choose “Lipa na Mpesa”.
Step 3: Select Paybill
Tap on Paybill option.
Step 4: Enter Business Number
Enter 192010.
Step 5: Enter Account Number
Use your registered phone number.
Step 6: Enter Amount
Input the repayment amount.
Step 7: Enter PIN and Confirm
Enter your Mpesa PIN and press OK.
Step 8: Receive Confirmation
You will get an Mpesa confirmation SMS.
How to Check iPesa Loan Repayment Plan
- Open the app
- Go to My Account
- Select My Repayment
- View due date and amount
Important Notes About iPesa Loan
- Loan range: KSh 500 – KSh 50,000
- Interest rate: Around 15%
- Repayment period: 14 days
iPesa Loan Penalties
- Late fee: 2% per day
- Default beyond 90 days → Listed on CRB
- May affect future borrowing
Extra Tips and Best Practices
- Repay on time to increase your limit
- Avoid borrowing more than you can repay
- Monitor your due date regularly
- Keep your Mpesa confirmation message
- Use the same phone number for transactions
Common Mistakes to Avoid
- Paying late
- Entering wrong phone number
- Ignoring repayment schedule
- Borrowing without a repayment plan
- Missing confirmation messages
FAQ
What is iPesa Mpesa Paybill number?
The Paybill number is 192010.
What account number should I use?
Use your registered phone number.
How long does approval take?
Usually within a few minutes.
Conclusion
Applying and repaying an iPesa loan via Mpesa is quick and convenient. Just follow the correct steps, repay on time, and manage your borrowing responsibly to avoid pena
