how to apply for safaricom faraja loan in kenya

Last updated on June 9th, 2023 at 09:55 pm

This article focuses on how to apply for safaricom faraja loan in kenya.

Only normal Mpesa transaction fees will apply at the point of sale of the product.

No interest is charged when you repay what you borrow.

Faraja has a loan period of 30 days and 7 days. For a loan period of 30 days, the amount will be paid on the 30th day.

A 7-day loan is due on the 7th day after the loan is issued.

According to Safaricom, you will only be responsible for reimbursing the Company’s outstanding amounts forwarded to you, in whole or in part, using the designated invoice number or other channels provided by the Company through from time to time.

Faraja Loans are available to eligible Mpesa customers with an active Safaricom line.

Credit limit is determined by credit strength.

Not currently available for new customers.

This service works with selected customers such as Naivas and allows customers to purchase products or items from 20 to 100,000 Ksh and pay later. It is sponsored by Equity Bank.

how to apply for safaricom faraja loan in kenya

1. Dial *799# and select exit. The service will allow a maximum of two accounts under one country ID.
2. Enter your Payment PIN. Safaricom will send you your credit limit.

How to withdraw Safaricom Faraja Loans

1. Dial *799#.
2. Select the Buy Product or Payment option.
3. Enter the amount you want to spend, then enter your Mpesa PIN.
4. You will receive a notification from Safaricom indicating whether the transaction was successful or not.