KOPASMART 4.0

About the App:

Kingdom Bank Limited aims to serve a diverse clientele, targeting approximately 25 million potential borrowing customers. KopaSmart represents a mobile lending solution designed to facilitate access to credit for these users, allowing for direct disbursement of loans to registered M-Pesa accounts.

Features:
In accordance with the Central Bank of Kenya’s regulations regarding remote account openings, users are required to grant specific permissions and accept the bank's terms and conditions, as well as its privacy policies.

• Permissions Requested:
  • Camera
  • Location
• Core Features:
  • Loan Application
  • Loan Repayment
  • Loan History
  • Recent Transactions
  • Live Chat Support

Loan Metadata:
KopaSmart offers personal loans with the following parameters:

• 90 Days Loan:
  Min Amount: Ksh. 8,000.00
  Max Amount: Ksh. 75,000.00
  Interest Rate: 12.36%
  Excise Duty: 3.09%
  Example Loan – 90 Days Loan:
  Loan Amount: Ksh. 30,000.00
  Interest: Ksh. 3,708.00
  Excise Duty: Ksh. 741.60
  Total Repayment Amount: Ksh. 34,450.00
• 120 Days Loan:
  Min Amount: Ksh. 10,000.00
  Max Amount: Ksh. 100,000.00
  Interest Rate: 15.45%
  Excise Duty: 3.09%
  Example Loan – 120 Days Loan:
  Loan Amount: Ksh. 30,000.00
  Interest: Ksh. 4,635.00
  Excise Duty: Ksh. 927.60
  Total Repayment Amount: Ksh. 35,562.00

Eligibility Requirements:
To qualify, applicants must be Kenyan residents aged 18 years or older, possess a valid Identification Card, and have an active M-Pesa account.

Disbursement Process:
The loan disbursement occurs in real-time via the customer’s M-Pesa number. Repayment options include STK push or direct paybill deposits using paybill number 4135105 and National ID Number as the account number.

Data Privacy and Safety:
The information collected is utilized for identity verification and credit profiling purposes only. KopaSmart assures users that personal data will not be disclosed without explicit permission. Furthermore, all shared data is encrypted for enhanced security.

Privacy Policy