Wednesday, January 9, 2019

How to Apply for Fuliza M-pesa Loan

How to Apply for Fuliza M-pesa Loan
Courtesy
On January 8th 2018, Safaricom officially rolled out their new service Fuliza, which enables customers to pay for goods and services or send money when they don't have adequate funds in their account.

This service is only available to M-pesa users. Below is a detailed procedure on how to apply for Fuliza M-pesa loan.

1. On your cellphone dial *234# and 0 for Fuliza M-pesa.

2. You will get a message asking you if you want to join Fuliza M-pesa. Reply with 1 which is yes.
how to apply for Fuliza M-pesa loan

3. Reply with 1 to accept their Terms &Condition of service, fees and also how Safaricom and their bank partners manage and process your information at www.safaricom.co.ke

how to apply for Fuliza M-pesa loan

4. A message will pop up on your screen telling you that Fuliza has received your request and they will process it within 1 hour.

how to apply for Fuliza M-pesa loan

5. After an hour you will receive a confirmation message telling you that you've successfully opted into Fuliza M-pesa.

how to apply for Fuliza M-pesa loan

Fuliza M-pesa Rates

Below is a detailed table showing Fuliza M-pesa rates. In order to increase your Fuliza loan limit, repay their loan on time and also continue using M-pesa and Safaricom frequently.

​​ 
Band​​ 

Tariff (per day)

0-100

One-time fee of Ksh 2


101-500

Ksh 5

501-1000

Ksh 10

1001- 1500

Ksh 20

1501- 2500

Ksh 25

2501-70,000

Ksh 30
NB: Its important to keep in mind that you cannot cash out money from Fuliza M-pesa.

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