What we Know about SE Ventures loan app

[Update : 29.07.2021]

SE Ventures offers mobile loans to users at an interest of course. They are not known in Kenya as a top mobile lender or appear anywhere on the list of top 30 loan apps to consider when looking for an emergency loan. However, the assistance offered to users when they qualify for a loan is seamless.

It is interesting how a lot of mobile lenders are transitioning and renaming their mobile lending platforms. Besides that, we know SE Ventures previously went under the name Sefu ventures. Reasons could be due to anything from rebranding to mergers of these companies with other startups or, the proverbial big fish swallowing the small fish. Just as Facebook, trying to buy social media platforms to gain control of the market.

In spite of the rebranding, it seems that the Se Venture app does not seem to be lending at the moment.

How much is the exact cost of a loan from SE Ventures & a representative example?

As a general rule, Ksh.500 is the minimum amount you can borrow from SE Ventures and Ksh 150,000 is the maximum. in regards to the period allowed for their loans, it is 91 days and the maximum is 365 days. Therefore, if you are interested in taking a loan from SE Ventures, here is a representative example of the exact cost for you: 

For an APR of  15%, if the principal disbursed is Ksh.3,000, an Interest rate of 15% will be charged and hence the total payable after 365 days will be Ksh 3,450 ( Principal plus interest) and the total APR will be Ksh 450. This excluding the registration fees charged upfront.

*Calculation is indicative. Charges and interest rates may vary according to the period and amount borrowed.*

Where can you download the SE Ventures loan app?

SE Ventures loan facilities are unavailable at the moment for reasons unknown to Kashy. 

Nevertheless, you cannot download SE Ventures from the Google Play store only directly from their Website. Not only is the app unavailable on Apple stores but you also cannot get a USSD option for accessing a loan.

Eligibility and requirements to get a loan from SE Ventures.

First of all, to apply for the SE Ventures loan app, you need to be :

  • 18years and above.
  • Have a valid ID.
  • Posses a registered Safaricom number and active Mpesa.
  • Positively listed on CRB.

Yes, and Yes, SE Ventures considers your CRB records to determine if you are eligible to get a loan with them.

Secondly, by allowing our phone data access to SE Ventures, it means they will be able to view your contact list, read transactional SMSs’ phone identity and IMEI, location and check your social media activity.

Rest assured SE Ventures privacy policy guarantees that your information will not be shared with any third parties without your authorisation unless necessary for loan collection purposes.

How can you get a loan from SE Ventures?

To get a loan from SE Ventures, follow these steps;

  • Download the app from the website and proceed.
  • Register your details and email address.
  • Allow SE Ventures to access phone data.
  • Fill the in-app survey and wait for your loan limit.
  • Finally, apply within that limit, and money will be deposited to your Mpesa in less than 10 minutes.

Most important,  Sefu will charge Ksh.300 registration fee that is non-refundable. This fee does not guarantee that you will qualify for a loan equal to that amount or any amount at all. Therefore eligibility as mentioned below will be determined by other factors.

If, after downloading the app, you experience ‘App not responding’, go to settings→ clear cache → uninstall and install the app again from the website.

Disbursement and Repayments at SE Ventures.

Disbursement speeds are the niche now when borrowing from these loan apps. Well, if you do succeed to qualify for a loan with SE Ventures, you should receive your money through Mpesa in less than 10 minutes. In evidently, the amount borrowed will be the amount received. 

This company will give you a 90 day grace period if you are unable to meet the awarded repayment deadline. After the said grace period, and payment has not been made, the loan will be rolled over to a period of at least 2 weeks, including an extension fee. Both will be determined by SE Ventures.

Ready to pay? The pay bill number to use when clearing your loan is 238569. Simply follow the Mpesa payment steps and enter your phone number as your account number when making the payments.

Sometimes we borrow with every intention to pay, but financial discipline and everyday bills can affect your meeting the repayment deadline. Likewise, if you are this person whose money never stays in your hands for long, take advantage of the option of repaying in instalment on the SE Ventures loan app.

To repay your SE Venture loan, use the in-app ‘PAY NOW’ option that will redirect you to Mpesa. Simply follow the prompts to clear your debt.

Is my information with Tunzi safe & secure?

SE Ventures privacy policy assures that your information will not be shared with any third parties without your authorisation unless necessary for loan collection purposes. 

Allowing phone data access means the lender will be able to view your contact list, read transactional SMSs’ phone identity and IMEI, location and check social media activity.

Contacts for SE Ventures.

To get in touch with the SE Ventures support team use the social media Facebook handle or directly consult through their Website.

Alternatively, ask for assistance or query through Email.

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