As the world continues to embrace digital technology and innovation, the financial sector is not left behind. Finberry Capital Limited, a member of the Digital Lenders Association of Kenya, introduced its latest credit lending app, Berry Loan App.

This app promises to provide “Swift Loans at your Fingertips” for individuals in need of quick loans with flexible repayment options.

In this blog post, we’ll delve into the app’s features, how to download it, and access a quick loan with Berry, giving you insights into what the app has to offer and what to expect when using it.

Overview of Berry Loan App and its features

To qualify for a loan with Berry, the app requires you to grant access to your phone data and as well provide your latest 12-month M-pesa statement. This is used to evaluate how much they can lend you.

What makes Berry Loan App unique is its integration with M-pesa, making it easy for users to transact their funds.

With a loan limit of up to KES 50,000, Berry Loan App is a great choice for those seeking short-term loans. Though the app does not publicly declare its interest rates, its users have reported that the interest rates range from 8% to 15%. Additionally, every loan borrowed comes with a facilitation fee of between 9-25% of the amount borrowed.

With a repayment period of up to 120 days and an extension of 7 days, you can take your time to repay the loan at a pace that suits you. However, it’s important to note that the app imposes a penalty of 10% for late repayment.

How to download the app and create an account

To get started with Berry, follow these steps to download the App to your smartphone:

Once you’re done registering with Berry, the app will ask for permission to access certain device parts. Agree to these permissions before the app opens up to its features.

That’s it; downloading Beryy App is as simple as that. Now let’s move over and see how you can apply for a loan with Berry.

Step-by-step guide on how to apply for a loan with Berry in 2024

Even though the app prides itself on providing Swift Loans at your Fingertips, the loan application process is a bit tedious. To apply for a loan:

• Click the red “Apply Now” button from the app’s home screen.
• If you are a first-timer, you will need to upload your latest M-pesa statement (12 months period) by clicking the upload button and providing the 6-digit code as your M-pesa statement password.

How Easy is it to get Approved for a Loan with the Berry loan app?

It is somehow not easy to get approved for a loan. Many Berry users report that their applications get declined due to insufficient transactions on their M-pesa statement and that they should re-share again in a month. Berry app needs to improve on this in the future.

Also Read: Turning Rejection into Opportunity: What to Do If You’re Declined a Personal Loan

Google Play User reviews

According to Ratings and reviews on Play Store, Berry scores 3.2 out of 7.11K reviews. A relatively good number share their positive and negative reviews.

We won’t proceed further but rest the case here and let you be the judge if Berry is worth anyone’s time and effort.

Tips on increasing your chances of getting approved for a loan with Berry Loan App

Unfortunately, for this loan app, they have not shared with anyone in public how to increase their chances of getting approved for a loan.

Nevertheless, you can reach out to them privately to inquire more via their email [email protected] or social media pages @berryappke

Conclusion

We believe Berry Loan App is worth trying out, but like any other loan app, it’s essential to borrow responsibly and only what you can afford to repay.

Also Read: Top Loan Apps in Kenya 2024: Find the Best Mobile Lending Apps