M-Kopa is a connected asset financing platform that has revolutionized how Kenyans access smartphones. The company was established in 2010. M-Kopa Phones Loan offers an easy payment plan, making it possible for Kenyans from all walks of life to own a smartphone. But how much do you know about the repayment plans?
M-Kopa Phones Loan Requirements
M-Kopa phones are available in different models and sizes at affordable prices. You can own any M-Kopa phone if you meet the minimum qualifications.
If you are stuck on how to check if you qualify for an M-Kopa phone, there is no need to panic. Here is a simple procedure you should follow to own your dream M-Kopa phone:
- It would help if you visited your nearest Mkopa branch or agent.
- Ensure you have your national ID and a Safaricom line when you visit the agent.
- You will receive a list of phones you can purchase from M-Kopa.
- Check each device’s minimum deposit amount required and the daily installment amount.
- Then, choose the one that suits your budget and pay the deposit.
- You will be allowed to walk away with the phone.
- Once you have purchased a phone, it will be activated within 24 hours.
- From then on, you should pay the required daily installment for one year.
These are M-Kopa Phones on Loan Available
Which phones does M-Kopa offer? There are several Nokia and Samsung phones you can own under this arrangement. Each phone has unique features, deposit amounts, and daily payments. According to M-Kopa Kenya, these are some of the phones you can purchase on credit.
1. Nokia C21
This is one of the cheapest phones on M-Kopa. Its features include 2GB RAM, 32GB Internal Storage, a 3000 mAh Battery, an Android 11 operating system, 8MP main camera, a 6.52-inch screen, and a 5MP selfie camera.
The total cost of the phone is Kshs 25,599. If you want to own the phone, you should deposit Kshs 3,699 and make daily payments of Kshs 60 for one year.
2. Samsung A03
This is one of the best M-Kopa phones you can buy. Its features include 3GB RAM, 32GB Internal Storage, a 5000 mAh Battery, an Android 10 operating system, 48MP main camera, a 6.5-inch screen, and a 5MP selfie camera.
The phone sells for Kshs 30,549 under the plan. You will be required to make a deposit of Kshs 4,999 and daily installments of Kshs 70 for a period of one year.
3. Samsung A13
Samsung A13 features include 4GB RAM, 64GB Internal Storage, a 5000 mAh Battery, an Android 12 operating system, 50MP main camera, a 6.5-inch screen, and an 8MP selfie camera.
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The phone costs Kshs 38,499 under the plan. If you wish to own this phone, you should pay a deposit of 5,599. Then, make daily payments of Kshs 90 per day for one year.
4. Samsung A23
Samsung A23 features include 4GB RAM, 64GB Internal Storage, a 5000 mAh Battery, an Android 12 operating system, a 50MP main camera, a 6.6-inch screen, and an 8MP selfie camera. This phone has two payment plans for nine months and one year. The 9-month plan costs Kshs 52,219.
You will be required to pay a deposit of Kshs 13,999 and daily installments of Kshs 140 for nine months or 273 days. For the 1-year plan, the phone will cost you Kshs 56,949.
You will be required to deposit Kshs 9,400 and make daily installments of Kshs 130 for one year.
5. Nokia X10
Nokia X 10 features include 4GB RAM, 64GB Internal Storage, a 5000 mAh Battery, an Android 11 operating system, 48MP main camera, a 6.6-inch screen, and a 5MP selfie camera. You will be required to make a deposit of Kshs 7,999 on the day of purchase. Then, make daily repayments of Kshs 100 for one year.
6. Nokia C21 Plus
Nokia C21 features include 3GB RAM, 32GB Internal Storage, a 3000 mAh Battery, an Android 11 operating system, 13MP main camera, a 6.52-inch screen, and a 5MP selfie camera.
The phone costs Kshs 28,224 under the arrangement. You will be required to make a deposit of Kshs 4,499. Then, you should commit yourself to paying Kshs 65 for one year.
7. Samsung A04E
Samsung A04E is one of the budget-friendly phones on M-Kopa. Its features include 2GB RAM, 32GB Internal Storage, a 5000 mAh Battery, an Android 11 operating system, a 13MP main camera, and a 6.5-inch screen.
If you want to get this phone, you will be required to deposit Kshs 3,500. Then, make a daily payment of Kshs 70 for one year.
8. Samsung A04S
Samsung A04S features include 4GB RAM, 64GB Internal Storage, a 5000 mAh Battery, an Android 12 operating system, a 50MP main camera, and a 6.5-inch screen. You need to deposit Kshs 4,500 to own this phone.
9. Samsung A03S
Samsung A03 features include 2GB RAM, 32GB Internal Storage, a 5000 mAh Battery, an Android operating system, an 8MP main camera, a 6.5-inch screen, a 5MP selfie camera, and more. The phone costs Kshs 25,899 under the plan. You will be required to make a deposit of Kshs 3,999. The daily installment is Kshs 60 for one year.
10. Nokia G21
Nokia G21 features include 4GB RAM, 64GB Internal Storage, a 5050 mAh Battery, an Android 11 operating system, 50MP main camera, a 6.5-inch screen, and an 8MP selfie camera.
The phone costs Kshs 38,849 under the M-Kopa plan. To purchase this phone, you will be required to pay a deposit of Kshs 5,999 and a daily payment of Kshs 90 for one year.
11. Nokia C31
Nokia C 31 features include 4GB RAM, 64GB Internal Storage, a 5050 mAh Battery, an Android 12 operating system, a 13MP main camera, a 6.75-inch screen, and a 5MP selfie camera.
The total cost of the phone is Kshs 29,849. If you want to get this phone, you must deposit Kshs 4,299 and make daily payments of Kshs 70 for one year.
What are the disadvantages of M-Kopa phones?
There are several disadvantages associated with M-Kopa phones. The biggest drawback of M-Kopa phones is that you will purchase the device for almost double the recommended retail price.
If you lose the device before the payment term ends, you will continue paying for it because the phones don’t have insurance. It is also important to note that you will not be able to use the phone if you default on the payment of daily installments.
DISCLAIMER: This article is not sponsored by any third party. It is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
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