How Aspira Works
Get your next purchase financed in 4 easy steps.
How Aspira Works
The Aspira app is a quick and easy way to find out what you can finance and get it from the store today.
DOWNLOAD AND SHARE INFO ABOUT YOURSELF ON THE APP
Share some information about yourself. You’ll need your latest payslip, bank statement or MPESA statement, as well as your National ID/password information.
CHOOSE PRODUCTS FROM PARTNERS
Visit one of our partners to choose your product.
CONFIRM TERMS AND PLACE DEPOSIT
Confirm your terms by signing the finance contract and placing your deposit.
GET YOUR PRODUCTS AND START INSTALMENTS
Get your product today and pay it off later in simple monthly installments.
How we assess you for credit
We’re committed to being a responsible lender. This means that we do our best to only lend you what you can afford to pay back. To determine this, we look at the following conditions:
YOUR CURRENT INCOME
Your current income – what you make from your main job and your side hustle.
YOUR AVERAGE EXPENSES
How much are you spending per month and on what?
YOUR OTHER FINANCIAL COMMITMENTS
Do you have any other debt?
If our app asks you to authorise access to certain information on your phone, please allow it to get a more accurate credit score.
We offer competitive rates to help you live the life you want, sooner. The best part? Once you’ve successfully paid back one loan with us, you’ll get better interest rates!
|First Loan||Upto 4% per month flat interest||30% Minimum|
|Second Loan Onwards||Reduction of 0.5% monthly interest||No Minimum Deposit|
We offer competitive rates to help you live the life you want, sooner.
CREDIT RULES FOR FIRST TIME CUSTOMERS
- 10% deposit payable up front
- No advance instalments
INDICATIVE INTEREST RATES
- 3% to 7% per month
- No Application or Processing Fees
Aspira Credit Protection fee
Aspira Credit Protection fee at 3% of the total credit amount payable
i.e. 3% x (loan amount + interest)
Insure your loan
Aspira makes credit insurance compulsory so that your repayments are covered in extreme circumstances.