Fuliza M-Pesa loan and airtime, register, opt out and interest rate.r

How to Activate Fuliza MPesa, Get Loan, Repay and Increase Limit

Fuliza loan is a Safaricom M-Pesa overdraft service that allows you to complete M-Pesa transactions even with insufficient funds in your M-Pesa account, subject to a given limit. Once activated, you can fuliza money to someone else or even buy goods and services and pay bills using the Lipa na M-Pesa service.

That is, if you wanted to send money or buy something and you realize you do not have enough cash, you can use fuliza M-Pesa service to fund the balance.

You can Fuliza as many times as you need, provided you are within the allocated Fuliza M-PESA limit.

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How to Activate Fuliza on Your M-Pesa Line

To qualify for fuliza loan, you should have a registered M-Pesa line, and the line must have been active for the last 6 months.

To register and opt in for the fuliza loan facility, follow these steps:

  1. Dial the Fuliza USSD code *234# on your M-Pesa line
  2. Select Fuliza M-Pesa to opt in
  3. You have now registered and activated Fuliza on your line

How to Opt Out of Fuliza

To deregister completely from Fuliza loan service, do the following:

  1. Dial *234# on the M-Pesa line you activated Fuliza on
  2. Select Fuliza M-Pesa
  3. Next select Opt out
  4. You can no longer use Fuliza M-Pesa on this line unless you activate the service again.

Take note that you can only opt out of Fuliza if you have repaid your outstanding fuliza balances.

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How to Check Your Fuliza Limit

  • Dial *234#
  • Select the option Fuliza M-PESA
  • Next select Check My Limit
  • You will receive a text message showing your Fuiza M-PESA limit and outstanding balance if any.

How to Pay for Goods and Services Using Fuliza Mpesa

To use Fuliza M-Pesa, you just need to transact normally on M-PESA, like paying bills or using a buy goods till number.

If you have insufficient funds, Fuliza M-PESA will cover the shortfall.

Take note that the transaction cannot complete if the Fuliza balance is not sufficient to cover the transaction as well as the M-Pesa cost of the transaction.

Follow these steps to pay for goods and services using fuliza:

  1. Go to M-Pesa menu or dial *334#
  2. Select Lipa na M-Pesa
  3. Now, select Buy Goods and Services
  4. Enter Till Number and Send
  5. Enter Amount you want to pay
  6. Enter your M-Pesa PIN
  7. Confirm details and select Accept
  8. If your funds are not enough, you will see Fuliza pop up message
  9. Accept to Fuliza and Send to complete to payment.

How to Withdraw Your Fuliza Money

To access Fuliza cash, depending on your limit, you can send the money to a nearby friend or family member and ask them to withdraw the money for you.

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Some M-Pesa agents also allow you to withdraw Fuliza money from your own number. You only have to pay them the normal M-Pesa widthrawal fees.

To fuliza to another number, send money the way you normally do on M-Pesa.

A notification will show up on the screen indicating you have insufficient funds, and whether you want to fuliza the remaining balance.

Select the option Accept, and Send.

How to Repay Fuliza Loan

You do not need to go through lengthy processes to repay your fuliza loan.

Any funds received or deposited in your M-PESA account will automatically be used to clear your outstanding Fuliza M-PESA.

So, all you have to do is deposit into your M-Pesa account or receive money. The Fuliza loan plus the interest will be deducted automatically.

Penalties for not repaying Fuliza balances after 30 days include not being able to access your M-Shwari and KCB M-Pesa accounts and freezing of your Fuliza M-Pesa limit until you repay the balance.

How to Increase Fuliza Limit

You can grow your Fuliza limit by using Safaricom and M-Pesa services frequently and repaying fuliza loan on time by topping up your M-Pesa account.

Others have reported that you can try opting out and then back in. Be careful. Think twice before you take this route.

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Be cautious that this trick might lower (to zero!) your fuliza limit!!!

Fuliza M-Pesa Interest Rates and Service Charge

Fuliza charges a one-time access fee of 1% in addition to a maintenance fee on the outstanding balance as shown in the table below. Remember normal M-Pesa transaction charges still apply.

Band Tariff
0 -100 One-time fee of Ksh 2.4
101-500 Ksh 6 per day
501-1000 Ksh 12 per day
1001-1500 Ksh 24 per day
1501-2500 Ksh 30 per day
2501-70000 Ksh 36 per day

Any queries about fuliza can be channeled to Safaricom’s customer care contact number 100, or chat with Zuri on Telegram or Whatsapp (number: 254722000100).

See also:

  1. How to Apply and Repay Zenka Loan Via App and USSD Code
  2. Tala Loan App, How to Apply Loan, Repay, Interest Rates