How to Get Fuliza Loans; Application and Repayment in 2023

Once in a while we get stuck in a situation that needs a quick cash. That’s why Safaricom introduced Fuliza loan.

Fuliza Loan

This is a service that allows you to carry out M-Pesa transactions even when you don’t have enough cash in your M-Pesa account.

Fuliza is like a bank overdraft and is a product of NCBA Bank that is offered through Safaricom’s M-Pesa platform.

How to Access Fuliza Loan

To gain access to a Fuliza loan, you need to first have a Safaricom sim card holder as well as a registered M-Pesa user. Moreover, the line needs to have been used for six months.

You can get into the service on your Safaricom line by dialing *234#. Additionally, you can use the Safaricom app to opt in and out of the service when you deem it fit.

Fuliza Loan Repayment

Once you agree to this service, you are responsible for all the application fees payment. As soon as you deposit or top up any amount into your M-Pesa account, Safaricom will deduct the owed amount instantly.

Terms and conditions of the fees apply.

Interest and Service Fees

The standard M-Pesa transaction fees apply when you use the Fuliza Services on your line. Moreover, Safaricom will charge you a standard maintenance and access fees of 1% on your outstanding Fuliza balance.

How Can I use Fuliza loan?

You can use the Fuliza service however you want subject to your set limit. The limit varies according to your M-Pesa usage as well as the terms and conditions of Safaricom.

You can use the Fuliza service to send money to registered and unregistered M-Pesa users. Moreover, you can make any payments through the “Lipa na M-Pesa” avenue.

It is important to note that even though you can make payments and send money with Fuliza, you can’t withdraw the Fuliza funds.

Read also: KCB M-Pesa Loans; Application and Repayment 2021