How can I get Mshwari Smart Loan?

How can I get Mshwari Smart Loan?

Accessing M-Shari Smart Loan DIAL *234*6#, then select the Smart Loan option. You will be required to accept the Smart Loan Terms and condition before proceeding. Soon thereafter, you will receive a confirmation text, giving you the green light to proceed with your M-shwari Smart Loan Application.

How do I check my Mshwari loan limit?

How To Check Mshwari Loan Limit

  1. Navigate to phone SIM toolkit.
  2. Click on Safaricom Menu.
  3. Click on M-PESA.
  4. Click on Loans and Savings.
  5. Click on Mshwari.
  6. Click on Check balance.
  7. Enter your M-PESA PIN.

Why is my M-shwari loan limit zero?

Your limit will be cancelled to 0 if your loan remains outstanding for more than 90 days (3 months). We will cancel your limit to 0 if your loan is still outstanding after 120 days (4 months).

Does Safaricom offer loans?

What is Business loan? Safaricom has partnered with a Financial Service Provider to offer a credit facility between Kshs 5,000 to 150,000 for their Lipa Na M-PESA Buy Goods Partners.

How can I get loan from Safaricom phone?

To access this service, dial *544# and select option 5 for Lipa Mdogo Mdogo….To qualify for this service, you must meet the following criteria:

  1. You must be using a 2G or 3G smartphone.
  2. You must not be listed on CRB for pending loans.
  3. You must have been a Safaricom customer for 1 year.

How long does it take to get a loan after CRB clearance?

It takes 90 days for banks and 30 days for mobile lenders after which individuals are notified that they are going to be listed if they don’t make any payment on their loan.

How do I increase my loan limit on Mshwari?


  1. Increase activity on your Mshwari Account by moving money in and out of your account.
  2. Increase savings on your MShwari Account.
  3. Increase usage of M-PESA services.

How do I activate M-Shwari?

One must be an M-Shwari customer in order to access this service. To join M-Shwari, Go to your M-PESA menu, select “My account” and “Update menu” then go to your M-PESA menu, select Loans and Savings, Mshwari, click on activate account and accept terms and conditions.

How do I check my CRB?

4. Check CRB status via USSD code

  1. Open your phone dial app.
  2. Dial *433# and tap the call icon.
  3. Make the call from your Safaricom line.
  4. Enter your valid ID.
  5. Key in the agent code as 222000.
  6. Confirm your details.
  7. Navigate to M-Pesa to make payments.
  8. Use 220388 as the Pay Bill number.

How can I get a loan from Safaricom?

How does it work?

  1. Access the M-PESA menu.
  2. Select Loans and Savings.
  3. Select M-Shwari.
  4. Select Loan.
  5. Request Loan.
  6. Enter amount.
  7. Enter your M-PESA PIN.
  8. Loan amount will be sent to your M-PESA Account. The loan amount to be paid will be in inclusive of the facility fee.

How do I apply for mpesa loan?

To get this app, dial *488# and then follow the instructions given. It is worth noting that one can borrow a minimum of KES 1,000. All loans attract an interest rate of 13.5% and have a one-month repayment period.

What is the M-Shwari loan?

Security, Interest and Time Limit The M-Shwari loan require any SECURITY at all to apply, meaning that this makes it perfect for emergencies and small loans that you want to apply for. The interest rate of M-Shwari is 7.5%, meaning that if you borrow Ksh 1,000 you will be expected to pay Ksh 1,075 at the end of the month.

What is the M-Shwari service?

But since this is a Loans Website we will focus on the loans part of the M-Shwari Service. Safaricom and CBA are the main corporations that offer M-Shwari to allow the people who use Mpesa to borrow loans and save money at very low interest rates.

How do I activate M-Pesa on my Safaricom mobile phone?

Go to the Safaricom menu Select “ M-PESA” Select “Activate or Wezesha” The new M-PESA menu with M- Shwari menu will be sent to your line. Select the M-Shwari link. A message will appear requesting you to read and accepted the Terms & Conditions ( English: Visit,