Elevate

Elevate Credit Limited is a micro-credit mobile app that makes it easy for people in Kenya to access a loan, anytime, anywhere.How to Register on Elevate Credit Ltd 1. Download the Elevate app 2. Register your correct details on the Elevate mobile app 3. Verify your details with the One-time password sent to you 4. Apply for a loan and get fast cash sent directly to your Account or Mpesa in respect to the amountDo you know of our Friendly Loan terms? • Up to 180 day loan product. As per the invoice dates with agreement from the Merchant • Up to 180 day loan product with repayment terms at 5% • Pay your loans on time and access merchant discountsGain more with Elevate App: • Access discounts from merchants • Shop with the App at selected stores • Transfer Money to a Bank from the wallet or withdraw via M-Pesa • Access to financial literacy materials and trainingHow do I repay my loan? • Elevate Credit Limited will be paid by Marchant directly. • Credit the mobile wallet to reduce loanTerms and ConditionsElevate charges a one-time Interest fee of 5% of principal with a maximum loan period of 180 days.A one-time extension fee of 10% of principal and interest may be applied to loans past due.No other fees will be charged after this time. Additional Terms and Conditions Apply.EFFECTIVE APR:Maximum period for repayment is 180 daysMinimum APR – 79.711%Maximum APR – 98.969%What are my loan terms?Customers can apply for a first loan of fixed term 61 days 61-day loan repayment terms have one-time processing fee of 2%(risk base pricing)Processing Fee: Range from KSh 100-Ksh2000 for one-time chargeCredit life fee: Range from KSh 50-ksh –KSh 1000 for one- time charge Loan Amount from KSh 5000-ksh 100000Minimum Period for repayment 61daysMaximum Period for repayment 180 daysMinimum annual percentage rate 71.527%Maximum annual percentage rate 98.969%Grow with Elevate and build your limit up to KSh 100,000 by making your loan repayments on time.Representative Example1.Ksh 10,000 loan will have life span of up to 90days 2. The loan incurs an interest fee of 5% reducing balance where fees are capitalized for a total cost of KSh 11,358 if paid on due date. At the event of early settlement interest will be recalculated per month i.e. KSh 10,000 repaid in month total cost will be 10,8003. Amount repayable for that loan will be KSh 11,3584. The loan will have a repayment period up to 90 days.Loan amount KSh 5,000 to 100,000APR 71.527% to 98.969%Monthly Interest 5%Example fees for a loan of KSh 50,000 a flat fee of 4,000 i.e. processing fees (1,000) and credit life (500) interest (2,500) total KSh 54,000Terms: Depending on your loan amount which you are eligible you have the option to choose repayment terms for up to 180 days every loan amount we offer has the option to repay in a minimum of 61days.Contact UsHave questions? Visit www.elevatecredit.africa to check out our FAQs or call +254 114 496 184Ready to get started? Download the Elevate app and apply for a loan today.