credit - Merchant Loans

Pesapal Merchant Loan 

The Pesapal merchant loan provides a short-term credit facility to Pesapal merchants with the much-needed working capital they require to run their business.
Pesapal Merchant Loan 
  • Eligibility

    Existing Pesapal merchants transacting for over 6 months. Active businesses using the Pesapal platform for card payments, POS, online sales, or Openfloat for at least 6 months.  

  • Maximum loan amount

    Loan amount dynamic limit based on your transaction history. 

  • Application fee

    1.5% of the loan amount charged per application.

  • Repayment period

    6 months.

  • Insurance fee

    1%

  • Interest charged

    4% per month on a reducing balance.

  • Security

    No collateral requirements.

  • Disbursement

    Direct deposit to your bank account or Openfloat account. Provides flexibility for receiving funds in the most convenient way for your business operations

  • Loan repayment

    Flexible periodic repayments automatically deducted from your transacting business account.

Get Business Credit

Short-term credit to keep your business moving.

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