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Once in a while, we get stuck in a situation that needs quick cash. That’s why Safaricom introduced the Fuliza loans.
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 Can I use Fuliza?
You can use the Fuliza loans 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.
How to Access Fuliza Loans
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.
Dial *234# to start using Fuliza
Fuliza is available to all M-PESA customers, however, the awarding of limits will depend on your credit viability and how long you have been using M-PESA.
To repay your Fuliza simply deposit cash to your M-PESA or receive M-PESA and your Fuliza balance will be deducted automatically.
To register for Fuliza simply dial *234# and select Fuliza. You need to be an M-PESA registered customer with an active Safaricom line.
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 Fuliza Loan Services on your line. Moreover, Safaricom will charge you a standard maintenance and access fee of 1% on your outstanding Fuliza balance.
These Are Safaricom Fuliza Charges
You will be charged a 1% access fee and a maintenance fee on the outstanding balance as per the table below. Normal M-PESA transaction charges apply
| Band (KES) | Tariff (per day) | Promotional Tariff for 30 days from launch |
| 0-100 | KES 2.4 | One-time fee of KES 0 |
| 101-500 | KES 6 | |
| 501-1000 | KES 12 | |
| 1001-1500 | KES 26 | |
| 1501-2500 | KES 30 | |
| 2501-70000 | KES 36 |
Fuliza Loan Interest Rates
Safaricom will charge standard M-PESA fees when you use fuliza. Additionally, you will be charged maintenance and access fee of 1% on outstanding Fuliza balance.
Below are the interest and service fees charged when using fuliza:
| Amount (Ksh) | Tariff Rate (Ksh) |
| 0 – 100 | One-time fee of 2 |
| 101 – 500 | 5 per day |
| 501 – 1000 | 10 per day |
| 1001 – 1500 | 20 per day |
| 1501 – 2500 | 25 per day |
| 2501 – 70000 | 30 per day |
