Berry - More Cash More Life

Berry, Kenya’s simple, swift cash app, credits you with low-cost loans with flexible repayment schedules. Get cash simply and swiftly straight to your M-pesa account.


How to Get a Berry loan:

Download the app from Google Play store
Register with the Berry application
Get your loan approval on fly
Our secure system verifies your identity in a few
Your loan amount will be deposited in your M-pesa account



How to Repay a Berry loan:

To make Berry loan repayments: Open the Berry app and click on Pay Now. Berry payment procedure is self-explanatory and will guide you through.
Else...

Go to your Safaricom menu and select M-Pesa
From your M-Pesa menu select Lipa na M-Pesa
Select the Pay Bill option
Enter the business number 977888
Enter your registered phone number as the account number
Enter your payment amount
Enter your M-Pesa PIN
Confirm that all details are correct and press OK.



Berry Loan Terms and Fees:

Loan Amounts: KES 1,000 - KES 50,000
Monthly facilitation fee: 9% - 25%
APR: 27% - 260%

For example, for a 65-days loan with a principal amount of KES 1,000 the facilitation fee would be KES 250 and the total payable amount would be KES 1,250

Minimum repayment period is 65 days while the maximum repayment period is 120 days, with a minimum APR is 27% while the maximum APR is 260%

Berry does not charge more than the amount of the facilitation fee (plus a one-time late fee if you do not pay after the loan repayment grace period). The loan amount does not compound or accrue.


Sample Loan :

Loan Amount 1000 KES
Interest Calculation - (1000 * 25 ) / 100 = 250 KES
Expected Payback amount For 65 days - 1000 KES + 250 KES = 1250 KES
Monthly Payment - 625 KES


Privacy and Permissions:

Once you download Berry, we will ask you to provide permissions to scan your SMS in order to validate your identity and creditworthiness. Instant loans amount will be credited directly into your M-Pesa account. We’ve taken thorough steps to secure your private data you share with us using advanced encryption mechanisms. We take your privacy very seriously and promise to never share your information to anyone.



Terms and Conditions:

Berry is very flexible and charges affordable and low facilitation fee ranging from 9% to 25%

The minimum loan amount is KES 1,000 and the maximum loan amount is KES 50,000
Berry charges a facilitation fee of 9 - 25% of principal amount
If a customer has not paid the principal amount and facilitation fee on the due date, Berry extends a further 7 days to allow the customer to make the payment.
Only after the grace period (7 days) has elapsed, a one-time late payment fee of 10% will be charged on the payable amount. No other fees will be charged after this time.

Important to note: All the above information will be displayed in a broken-down form for the customer on the App upon qualifying for a specific amount before a customer accepts to take up the loan.