How to get Aspira Smartphone Loan

Aspira is a financial and credit organization that enables Kenyans to purchase their dream commodities through a buy now and pay later strategy in easy monthly installments. Among their many products is the Aspira Smartphone loan.

Their consumers can enjoy a nice purchasing experience in the comfort of their own homes, with fast, simple, and secure methods.

Aspira has collaborated with Kenya’s best and most recognized shops to provide our consumers with the widest choice of quality products at extremely low costs, backed up by the greatest after-sales service and support. Their partners provide nationwide delivery services.

So, if you want to furnish your home, buy a new mobile phone, new household appliances, electronics, or IT gadgets, you can apply for a swift loan from Aspira.

However, this article is going to focus on the process of obtaining a loan from Aspira, highlighting loan terms and repayment.

How to get Aspira Smartphone Loan

The Aspira smartphone loan is one of the company’s popular products, which features affordable interest rates and flexible repayment terms.

To access a smartphone loan from Aspira, follow these simple steps:

1. Visit the Aspira website or download their app from the google play store 

2. Click the Apply for Finance button

3. Fill in your details which include personal data

Aspira will require you to fill in your details and upload your financial status along with other supporting documents.

4. Confirm the terms and pay the credit protection fees

Sign the financing contract and pay the credit protection fee through paybill number 711136 and your mobile number as your account number.

5. Get your product and start paying installments

Collect your product from the service provider and start making payments in installments as agreed in the contract. As earlier stated, use paybill number 711136 and your mobile number as your account number.

Read also, How to get an M-Kopa Smartphone loan in Kenya

Credit assessment process

Aspira commits itself to being a responsible lender and wants to assist its clients in maintaining a healthy financial situation. This means they will only lend the funds that clients can afford to repay.

They consider the following factors while determining your credit score:

  • Current Income
  • Average expenses
  • Other financial commitments

Interest Rates

  • First-time customers- 10% deposit, 90% financing is available for 12 months
  • Repeat Customers- 0% deposit, 100% financing for 12 months
  • Interest rates of 3- 7% depending on one’s credit score
  • Credit protection fee of 4% of the total credit amount payable
  • No application or processing fee

Phones available for the Aspira Financing scheme

Selected Xiaomi devices