Offer / Pre-Contractual Loan Disclosure Statement

1. Lender Information

Company: PESAKAY CREDIT LIMITED

Registration Number: PVT-781KB3OL

Address: P.O BOX 30834, 00100 – G.P.O, Nairobi, Kenya

Email: hello@pesakay.co.ke

Phone: +254 XXX XXX XXX

2. General Information

This information is provided in accordance with the requirements of the Credit Reference Bureau Regulations (2020), the Data Protection Act (2019), and the Consumer Protection Act (Cap 46). It outlines the key terms applicable to loans offered by PESAKAY CREDIT LIMITED prior to the signing of the agreement.

3. Key Loan Parameters

Type of Loan: Short-term personal loan / Business loan

Loan Amount: KES 500 to KES 500,000

Loan Term: 7 days to 12 months

Repayment Format: Monthly annuity payments

Disbursement Method: M-Pesa / Bank account

4. Interest Rates and Fees

New Client

Individuals

Daily Rate1.2% per day (~438% APR)

Returning Client

Individuals

Daily Ratefrom 0.5% per day

New Client

Businesses

Monthly Rate1.2% per day (~438% APR)

Returning Client

Businesses

Monthly Ratefrom 0.5% per day

Application Fee: KES 0

Hidden Fees: None

Late Payment Penalty: Up to 3% of the overdue amount per day

5. Client Obligations

  • Repay the loan on time according to the agreed schedule
  • Keep contact details up to date
  • Do not provide false or misleading information
  • Review the loan agreement before signing

6. Risks

  • Late repayment will negatively affect your credit score (reported to CRB)
  • Penalties may apply, and repeat loans may be restricted or escalated legally
  • Only borrow what you are confident you can repay

7. Your Rights

  • Right to receive information on interest rates, loan terms, and total cost
  • Right to review the contract before signing
  • Right to cancel the loan before signing the agreement
  • Right to request a CRB report once per year free of charge
  • Right to file a complaint with the ODPC or CBK

8. Example Calculation

Individual Loan

Loan AmountKES 5,000
Term30 days
Rate1.0% per day
Total RepayableKES 6,500

Business Loan, Annuity

Loan AmountKES 300,000
Term6 months
Monthly Rate4.5% per month
Monthly PaymentKES 58,056
Total RepayableKES 348,336

9. Contract Access & Personal Estimate

To receive a personalized calculation and draft agreement, please contact us:

Email: hello@pesakay.co.ke

Phone: +254 XXX XXX XXX

10. Acknowledgment

Before submitting your loan application, you must confirm that you have read this information and agree to the key loan terms.