Are you tired of running out of money on your phone when you need it the most? Fuliza Mpesa is the solution you’ve been looking for.
This Mpesa overdraft service, launched by Safaricom in partnership with Commercial Bank of Africa, allows you to complete your Mpesa transactions even if you have zero or insufficient funds in your Mpesa account.
In this article, we’ll cover everything you need to know about how to Fuliza Mpesa in 2023. We’ll discuss its limits, application process, and repayment options so that you can take full advantage of this convenient service.
So, let’s get started.
How to Fuliza Mpesa Loan
To Fuliza Mpesa.
- Dial *234# from your Safaricom line.
- Select 0 as your first option, “Fuliza M-pesa”.
- Then, select opt-in, and you’re good to go.
- Do a normal transaction on your mpesa account to activate Fuliza.
But first, you need to check your Fuliza Mpesa limit before transacting.
How To Withdraw From Fuliza Mpesa.
Now that you have seen your loan limit suppose we say you have less or zero funds on your Mpesa account. How do you withdraw that fuliza cash? 😛
It is impossible to withdraw from Fuliza, but here is a turnaround, send that money to your alternative Safaricom line or your friend’s line and ask them to withdraw it. Remember, Mpesa rates and charges apply.
To send the money, go to your M-pesa menu and do a normal transaction but not a withdrawal as if you have enough cash. You can also pay for goods and services using Lipa na mpesa or till number without panicking.
The best part is that every time you transact using Fuliza mpesa, you receive an SMS with the outstanding Fuliza amount. This means you can use it as often as possible, provided it is within your overdraft limit.
Fuliza M-pesa Charges And Fees
As per the table below, Safaricom charges a 1% access fee and a maintenance fee on the outstanding balance; always remember that normal M-PESA transaction rates apply. More information about Fuliza M-pesa terms and usage can be found on the Safaricom PLC faqs website.
| Amount Band (KSh) | Tariff (KSh) | 20% Excise Duty (KSh) | Total Charges (KSh) |
|---|---|---|---|
| 0 – 100 | 0 | 0 | 0 |
| 101 – 500 | 2.5 | 0.5 | 3 |
| 501 – 1000 | 5 | 1 | 6 |
| 1001 – 1500 | 18 | 3.6 | 21.6 |
| 1501 – 2500 | 20 | 4 | 24 |
| 2501 – 70,000 | 25 | 5 | 30 |
Fuliza Fee Structure (2023)
