The range of solutions to close the gap in the financial service markets brought about including network providers in giving loans. How to get Airtel loan in Kenya?, what mobile loans are available to Airtel money subscribers? How to repay Airtel Kenya loans? The following queries are among the top ones searched for on the internet by Kenyans.
We will discuss this topic and answer all the questions listed above.
About Airtel Money Loan Kenya
Airtel money loan allows customers to access loans with no collateral or paperwork. All you need is your phone and an account with Airtel Money. You can have access to loans anytime, anywhere. Customers simply have to dial *211# to access the Kutchova Menu. The product is providing financial help in so many ways.
You can also dial *222# for those using the Airtel line and *281# for the Safaricom line or go to M-Fanisi mobile app, to access the loans. Understanding how it works will simply be of a significant advantage to you. It is more like a short-term financial loan that is paid after 30 days.
How Can I Get an Airtel Money Loan in Kenya?
To access and register for these loans on your Airtel and Safaricom M-Pesa line :
- Dial *222# for those using the Airtel line and *281# for the Safaricom line or go to the M-Fanisi mobile app.
- Accept the product terms and conditions and activate
- Select Loans.
- Choose a request loan.
- Input amount and select period.
- Enter your M-fanisi PIN.
- Loan amount will be sent into your Airtel Money Account or your M-Pesa account
How to Access Airtel Fuliza
Follow the following steps to get Fuliza from Airtel;
- Dial the USSD code: Initiate the process by dialing either *334# or *234# on your Airtel mobile phone.
- Navigate to Fuliza: Once the USSD menu appears, look for the option related to “Loans and Savings” or “Fuliza” directly. Select this option to proceed.
- Opt-in and Accept Limit: You’ll likely be shown your pre-assigned Fuliza limit. Review the amount and choose to “opt-in” to activate Fuliza and access this credit.
Loans Available on Airtel Money Loan
These are the three types of loans available on Airtel money Kenya:
- Mfanisi loans
- Kopa Cash
- Express
Mfanisi Loan
M-Fanisi is a mobile loan product available to Airtel Money subscribers who can apply directly through the mobile money service for a loan of up to 30 days. You will also be able to open a regular savings account. Airtel Kenya provides Mfanisi loans in collaboration with Maisha Microfinance Bank.
How to Activate/Register For Mfanisi Loan
- On your Airtel line dial*222#
- Reply with 7 which is “Loans and savings”
- Reply with 1. (Mfanisi)
- Reply with 1. (Accept terms)
- Enter your ID Number
- Complete the registration with your Airtel money pin
- You will receive a message about your registration for Mfanisi loans
Kopa Cash Loan
Airtel Kenya partnered with Jumo to offer this loan.
Terms And Conditions For Kopa Cash Loan
To get Kopa Cash Loan, there are terms and conditions to it and they are:
- Agreeing to pay the actual credit by the stipulated date or in advance.
- Agree that the actual credit charge will be applied to your outstanding balance until the total amount is paid off within the agreed period.
- Agree that your credit charge will change if you purchase additional products/loans.
- Agree that credit charge is non-refundable under any circumstances or even upon return of product.
How to Register and Apply for Kopa Cash Loan
- On your Airtel line dial *222#
- Reply with 7. “Loans and Savings”
- Reply with 2. KopaCash
- Enter your Airtel money pin
- Accept terms
- Wait for a response from Kopa cash for loan approval.
Express Loan
With the help of Ecobank, Airtel Kenya is making instant loans available in Kenya via Airtel Money, dubbed Express loans.
How To Register/Activate Express loan
- On your Airtel line dial *222#
- Reply with 7. “Loans and Savings”
- Reply with 3. Express
- Enter your Airtel money Pin
- Accept terms and conditions
- Wait for approval from Express to apply for the loans.
How to Contact Airtel Money Loan Kenya
Before contacting Airtel Money, identify the type of loan you need and then go ahead to contact them. In case of any difficulties you can contact:
- Mfanisi loans customer care through +254 709 567 000.
- For Kopacash loan contact customer care via: 1522.
- Then, for Express customer care, contact through Ecobank: +254 719 098 001.
Frequently Asked Questions
Does Airtel have a Loan App?
These are the three types of loans available on Airtel money Kenya and you need to download the app to use it. :
- Mfanisi loans
- Kopa Cash
- Express
Read- You can also check out the Airtel Kenya site.
Can I get an Airtel Phone on a Loan?
Airtel smartphones loan deal is a financing plan to help subscribers get Airtel phones and smartphones on a credit basis. Airtel partnered with Mastercard and Samsung to launch this in Kenya and some other African countries but it was first started in Kenya.
The Airtel smartphones on loan will be available to Airtel subscribers only and will be based on each customer’s transaction history. Each qualified customer can purchase a variety of Samsung devices which they can pay for in flexible installments for up to 12 months.
Conclusion
M-Fanisi, Kopa Cash and Express loans are mobile-based bank accounts that are available to Airtel Money registered customers. Through these accounts, customers can:
- Access loans are repayable within 7 days, 14 days, and 30 days, respectively.
- Get loans at attractive one-off facility fees of 4.8%, 7.2%, and 12% respectively with excise duty applicable on the fees.
It is important to keep in mind that you must pay back any loans you get at the agreed time. Before applying, make sure you understand what you will be getting.