What is Lipa Later?
Lipa Later is a unique payment method that offers you unrestricted access to a wide range of products including phones, furniture, fashion items, travel services, and home appliances. These items can be obtained immediately and paid for in manageable monthly installments over a period of up to 12 months.
Lipa Later also enables retailers to offer their products in affordable monthly installments, thereby enhancing the purchasing power of their customers.
How does Lipa Later function?
To get started, sign up here to receive a credit limit. You can then shop from any of our associated retail partner stores. Payment starts 30 days after the purchase.
What products can I purchase?
We have teamed up with over 500 stores to provide you with the opportunity to pay for the things you love over time. For more information, please visit our Partners page.
What are the requirements?
To get started with Lipa Later, all you need to do is sign up. If requested, you will need to provide your M-Pesa statements for the previous six months.
Where can I use Lipa Later?
Lipa Later is currently accessible in Kenya, Nigeria, Uganda, and Rwanda.
Here are the steps on how Lipa Later works, based on the information provided on the website:https://lipalater.co.ke/how-it-works/
- Sign Up: Begin by signing up for loan services. This involves filling out an application form on their website to get a credit limit.
- Application Review: After applying, Lipa Later will review your application. This may involve a credit check or a request for additional information like M-Pesa statements for the last six months.
- Approval and Credit Limit: Once your application is approved, you will be notified of your credit limit. This limit will determine the range of products you can purchase.
- Shopping: You can now visit any of Lipa Later’s retail partner stores to shop for your desired products. Choose from a variety of items including phones, furniture, fashion items, travel services, and home appliances.
- Payment Plan: Choose a payment plan that suits your budget. You can opt to pay in affordable monthly installments over a period of up to 12 months.
- Start of Payments: Your payment cycle will commence 30 days after the purchase. Payments can be made conveniently through the payment methods provided by Lipa Later.
- Enjoy Your Purchase: Once the payment plan is in place, you can take your product home and enjoy it while you pay for it over time.