Thursday, June 13, 2024

What are the requirements to apply for a loan in the PesaX Loan App?


PesaX is a loan application that offers quick and easy access to loans. To be eligible for a loan, you need to meet certain criteria. In this article, we will outline the requirements for applying for a loan on PesaX.

Eligibility Criteria

To apply for a loan on PesaX, you must meet the following conditions:

1. Age: You must be at least 18 years old or above to qualify for a loan on PesaX.

2. Income: You need to have a steady source of income to demonstrate your ability to repay the loan. Typically, PesaX requires borrowers to have a minimum monthly income of KSh 10,000.

3. Credit Score: PesaX considers your credit score when reviewing your loan application. A good credit score demonstrates your financial responsibility and increases your chances of getting approved for a loan.

4. National ID: To verify your identity, PesaX requires you to provide a valid national ID during the application process.

5. Mobile Money Account: PesaX uses mobile money platforms such as M-PESA and Airtel Money to disburse loans. Therefore, you need to have a registered mobile money account to receive funds.

Application Process

Once you have met the eligibility criteria, you can proceed to apply for a loan on PesaX. The application process is as follows:

1. Download the PesaX app from Google Play Store.

2. Create an account by providing your personal details, including your name, phone number, and email address.

3. Fill in the loan application form, which includes details such as the loan amount, repayment period, and purpose of the loan.

4. Upload the necessary documents, such as your national ID and proof of income.

5. Submit the application and wait for approval.

Loan Repayment

Once your loan is approved, you will receive the funds in your mobile money account. You can then use the funds for the intended purpose. You need to repay the loan within the specified period, which ranges from 7 days to 30 days, depending on the loan amount and repayment terms. Failure to repay the loan on time may result in penalties and affect your credit score.


In conclusion, PesaX is a great option for quick and easy access to loans. To be eligible for a loan, you need to meet the age, income, credit score, national ID, and mobile money account requirements. The application process is simple and straightforward, and loan repayment terms are flexible. If you meet the eligibility criteria, download the PesaX app today and apply for a loan.

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