Fuliza M-Pesa
Pros
- +Overdraft facility - complete transactions even with zero balance
- +Automatic activation for eligible M-Pesa users
- +No application needed
- +Instant access 24/7
Compare Fuliza M-Pesa and Fuliza Biashara Overdraft side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best mobile money loans for you.
| Feature | Fuliza M-Pesa Safaricom M-Pesa | Fuliza Biashara Overdraft Safaricom M-Pesa |
|---|---|---|
| Interest Rate | 1.083% p.a. Best Rate | 1.5% - 1.5% p.a. |
| Loan Amount Range | KES 1 - KES 100,000 | KES 100 - KES 100,000 |
| Repayment Period | 1 - 30 months | N/A |
| Fees | N/A | N/A Lowest Fees |
| Key Features |
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| View Details & Apply | View Details & Apply |
Fuliza M-Pesa offers a more competitive interest rate starting at 1.083% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. Fuliza M-Pesa from Safaricom M-Pesa may be better for Overdraft facility - complete transactions even with zero balance, while Fuliza Biashara Overdraft from Safaricom M-Pesa excels at Instant overdraft facility for businesses.
Fuliza M-Pesa from Safaricom M-Pesa offers rates from 1.083% p.a. with loan amounts up to KES 100,000. Fuliza Biashara Overdraft from Safaricom M-Pesa offers rates from 1.5% p.a. with loan amounts up to KES 100,000. Compare features, fees, and eligibility requirements above.
Approval times vary: Fuliza M-Pesa typically takes 24-48 hours, while Fuliza Biashara Overdraft processes applications in 24-48 hours. Digital products like M-Pesa loans can be approved instantly, while bank loans may take 1-3 business days.
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many mobile money loans are unsecured. Larger loans may require collateral such as a logbook, property, or salary assignment. Check specific requirements for each product.
While you can technically apply to multiple lenders, having multiple active loans affects your debt-to-income ratio and CRB profile. It's generally better to choose one product that best fits your needs. Use PesaMarket's comparison tools to make an informed decision.
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.