This is the amount you’ll pay for Fuliza loans below Sh.500 from October 1st

Date:

Share post:

Safaricom Fuliza has announced a 40 percent cut on daily charges for loans below Sh.1000.

In an announcement on Wednesday 28, Safaricom will be charging customers who take loans below Sh.500 with Sh.3 daily from Sh.5.

Charges on loans from Sh.500 to Sh.1000 will be charged Sh.6 on a daily basis.

Customers that take loans of Sh.1000 and below shall enjoy a grace period on the daily maintenance fees for the first three days

Safaricom

“Customers that take loans of Sh.1000 and below shall enjoy a grace period on the daily maintenance fees for the first three days,” read the statement.

New tariff

The new discounted tariff will take effect from 1st October 2022.

Discount charges will take place once a customer has settled all the balance by using the current charges.

Other loans charges between Sh.25000 to Sh.70,000 will have a discount of 16.7 per cent from Sh.30 daily to Sh.25.

Fuliza was launched on 5th January 2019 in partnership with Safaricom, NCBA and KCB bank.

It allows customers to access funds within the set limits whenever they can through M-pesa transactions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Journalists develop curriculum on Climate Change Reporting

Journalists in Kenya have developed a curriculum to train reporters on how to cover Climate Change issues. The Kenya...

MESHA transforming newsrooms through Mobile Journalism mentorship

Twenty-three more journalists have benefited from Mobile Journalism skilling project by the Media for Environment, Science, Health and...

Media best placed to tame vaccine hesitancy in Kenya, experts say

Misinformation remains one of the main factors contributing to vaccine hesitancy in Kenya. Stakeholders in the health sector say...

LIBOI: Nairobi artist who sings for Lake Victoria

For ages, Lake Victoria, the world’s second-largest fresh water lake has been choking due to aggravated human-related (anthropogenic)...