Stawika Loan App: Download, Apply & Repay Easily

The Stawika loan app is a popular mobile money lending app in Kenya, offering fast and convenient loans to anyone in Kenya, 18 years or older, with an active registered M-Pesa line. With just a few simple steps, you can access emergency loans within 5 minutes of downloading the app from the Google Play Store.

Stawika provides loans ranging from as little as Ksh. 500 to a maximum of Ksh. 50,000, with an interest rate between 7% and 21%, depending on the loan amount and the repayment period.

Stawika provides access to personal loans, business loans and salary advance loans under different terms.

See also: 15 Best Loan Apps in Kenya for Instant Loans.

How to Download Stawika App and Apply for a Loan

Here’s a simple guide on how to download the Stawika loan app and apply for a loan in Kenya:

1. Open the Google Play Store on your Android device and search for the Stawika loan app.
2. Tap on “Install” and wait for the app to download and install on your device.
3. Open the app and accept the terms and conditions.
4. Enter your M-Pesa phone number.
5. Next, enter the OTP verification code that will be sent to the phone number you provided.
6. Set up a password or PIN to secure your account.
7. Enter your personal details as required (e.g. names as per your ID card).
8. Provide the phone number of your next of kin.
9. You will now be directed to your dashboard.
10. Upload your M-Pesa statement as directed.
11. Press the “View Loan Limit” button to check your available loan limit.
12. You can now borrow within your loan limit, and the money will be sent directly to your M-Pesa number.

Alternatively, you can also apply for a loan by dialing the Stawika loan USSD code *872# and following the prompts.

Stawika Salary Advance Loan

Stawika offers salary advance loans to Kenyan government employees, including TSC members, police, medical service professionals, and civil servants. The loans are also available to selected parastatals and private institutions.

The loan is repayable through the check-off system, and you can borrow up to a third of your salary, but not exceeding Ksh. 50,000.

The loan attracts a flat rate fee of 10% per month.

Requirements for the Salary Advance loan

• The employee should be a permanent staff.
• The latest three (3) months’ payslips.
• The latest four (6) months’ bank statement.
• Copies of ID & PIN of the borrower (Original ID to be presented for verification).
• A letter from the employees’ company of employment.

How to Repay Stawika Loan

If you’re an existing Stawika customer, you can easily repay your loan using the Stawika USSD code *872# or by following these steps through M-Pesa:

1. Go to your Safaricom SIM toolkit and select M-Pesa.
2. Select Lipa na M-Pesa.
3. Choose Paybill.
4. Enter the Stawika business number: 830685.
5. For the Account number, enter the mobile number you used to borrow the loan.
6. Enter the amount you wish to repay.
7. Enter your M-Pesa PIN.
8. Confirm the details and send.

You might also want to look at other loan apps that also offer quick loans in Kenya. Check out:

• How to Apply for Timiza Loan and Pay by M-Pesa
• How to Apply and Repay Zenka Loan Via App and USSD Code
• Branch Loan App: How to Apply, Repay, and Interest Rates

How to Increase Your Stawika Loan Limit

Here’s how to increase your Stawika loan limit:

1. Keep your mobile payment SMS messages (don’t delete them).
2. Always repay your Stawika loan on time – the earlier, the better.
3. Keep the Stawika app installed on your phone at all times.
4. Maintain a good credit history with other lenders.
5. Borrow frequently on Stawika and repay your loans on time. Stawika rewards good repayment history.
6. Increase your M-Pesa transactions by allowing larger amounts to flow through your M-Pesa account.

Stawika uses your phone’s data and CRB credit history to determine your loan limit, so maintaining a good record is essential.

Stawika now offers better loan limits based on your repayment history.

Stawika Customer Care Contacts

If you need assistance, you can reach Stawika customer care through the following channels:

• Phone: 020 7608940
• Email: [email protected]
• Facebook: @stawika capital
• Twitter: @stawika

For more details, visit Stawika’s website.

Conclusion

Stawika offers emergency loans through its mobile app and USSD code *872#, featuring flexible limits and M-Pesa repayment options.

Stawika allows you to borrow an emergency loan or a salary advance loan up to Ksh. 50,000, depending on your loan limit.

Loans are processed within 5 minutes. Customer support is available through their website or by contacting the details provided above.

Read: USSD Codes for Mobile Loan Apps in Kenya