Fuliza is an overdraft service from Safaricom that allows customers to complete transactions even without enough money on their M-pesa accounts.
Those who wants to use the service must be 18 years and above and must have a registered Safaricom line that has been active for over 6 months.
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When using Fuliza services, you consent Safaricom and Commercial Bank of Africa terms and services.
There is an overdraw limit which is the maximum amount you can borrow depending on your Mpesa usage. Fuliza allows you to request for your overdraw limit. Safaricom assured it’s customer that the limit grows with M-pesa transactions.
You should note that Safaricom’s Fuliza service is created in a way that it deducts any amount deposited to your Mpesa account automatically.
One is allowed to opt out of the service anytime after they have fully paid the debt.
Once you use the service, you are allowed to repay the loan within 30 days of disbursement. There is a 1 per cent applied to amount borrowed and a maintenance fee on the outstanding loan.
Fuliza limits range from Ksh1 to Ksh70,000.
Fuliza loan interest rate
Ksh 0-100 ( daily fee Ksh 2 )
Ksh 101-500 ( daily fee Ksh 5 )
Ksh 501-1000 ( daily fee Ksh 10 )
Ksh 1001-1500 ( daily fee Ksh 20 )
Ksh 1501-2500 ( daily fee Ksh 25 )
Ksh 2501-70000 ( daily fee Ksh 30 )
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You can check your Fuliza limit via USSD code anytime.
- Dial *234# on your mobile phone
- Enter 0 in the space provided to enter Fuliza
- Enter 1 to check Fuliza Limit
- The Limit to which you can borrow from the Fuliza platform
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