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How To Pay Jumbo Pesa Loan through Mpesa

How To Pay Jumbo Pesa Loan through Mpesa

This article is a guide on how to pay Jumbo Pesa Loan through Mpesa. Jumbo Pesa is an online lending platform that offers short term loans in Kenya. Their quick application process lets you apply for a loan anytime and it lets you know your status within minutes.

You can download their Jumbo Pesa app from the play store for easy navigation when applying for a loan. Once approved, you will receive your money within 5 minutes or even faster. One can borrow up to Ksh 50,000 from Jumbopesa, but it is a slow process to reach the loan limit with respect to repayment period. JumboPesa charges a commission of 10% to 15% of principal and interest from 18% to 180% with monthly interest of 1.5% to 15%

How To Pay Jumbo Pesa Loan through Mpesa

  1. Access your Mpesa menu
  2. Select “Lipa and Mpesa
  3. Select Paybill
  4. Enter 206512 as your transaction number
  5. Enter your phone number as your account number
  6. Enter the amount you want to repay.
  7. Enter your PIN and click OK.
  8. You will receive a transaction confirmation message from Mpesa
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