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How To Get Fuliza Mpesa Loan

How To Get Fuliza Mpesa Loan

This article is about how to get Fuliza Mpesa Loan. Fuliza is a new service from Mpesa that allows customers to make their M-PESA transactions when they do not have enough money in their M-PESA account. The project continued on January 5 after approval from the Central Bank of Kenya. The overdraft service is supported by CBA and KCB and is accessed via USSD *234# or through the mySafaricom app.

How To Get Fuliza Mpesa Loan

First, you must be a registered Mpesa customer with an active Safaricom line.

Dial *234# on your phone, and

Select Fuliza M-PESA

Select Fuliza

Confirm by Choosing Yes

Accepts the terms and conditions

Wait for the information to be processed

Fuliza Mpesa Rates

You will be charged an interest rate of 1% per day and a maintenance fee on the outstanding balance as described below.

Continue to use Safaricom and M-PESA services frequently and make regular Fuliza M-PESA payments to increase your Fuliza limit. This service is only for buying products, making payments and sending money. It is also worth noting that you cannot withdraw money from Fuliza Mpesa.

Fuliza Mpesa Penalties

If you have an outstanding balance after 30 days, you will not have access to your Fuliza Mpesa share until you repay the balance. If the balance is more than 90 days past due, your information will be forwarded to the credit reference agency to be listed as
which is required by the banking law.