L-Pesa Micro Finance Micro Loan for Mobile Banking Customer
Everything You Need to Know About Interest with L-Pesa
Many people yearn for the chance to get their hands on a loan, for a range of reasons. However, there is one factor that may hold someone back, and that is interest. At LPesa, it is possible to borrow a loan, although it is worth noting that every loan attracts interest.
What is Interest? When you are saving with L-Pesa, you also get the chance to earn some interest, bringing up the total amount of money that you hold in your account with limited effort.
What Makes Interest Rates Different? There are numerous factors that could affect interest rates. The first is the amount of time that will be taken to pay back the loan. Typically, the longer one takes to pay it back, the higher the interest that they will have to pay. The reason for this comes down to the value of money over time, as well as inflation. The lender needs to cushion themselves against this risk.
Get Some Help Before you take out the loan, you can use the loan calculator to get a quick look at the interest that you will be expected to pay back, and the time that you have to complete the payments. This will help you make an informed decision, and determine whether the loan gives you the value you are looking for.
Contact Us For More Information Address: Regus, 7th Floor, Amani Place, Dar Es Salaam, Tanzania (38568) Email:
info@l-pesa.com
Phone:
255-22-2219-6855
Website: l-pesa.com