Safaricom Faraja Loans - What you need to know.
Safaricom launched the new Faraja Loans that will let you buy goods on credit in kenya. Here's what you should know before embarking on a spending spree.
Safaricom launched the new Faraja Loans that will let you buy goods on credit in kenya. Here's what you should know before embarking on a spending spree.
Safaricom can auction your property if you default on Faraja loans
Loans, regardless of how easy to obtain or low its interest rates are, have to be paid. Safaricom made it clear that failure to repay the loan could attract debt recovery action.
Safaricom Faraja Loan Limit, Interest rates, Processing Fees, and Transaction Charges
Safaricom Faraja Loans will not attract any interest. However, users have 30 days to complete paying Safaricom's Faraja Loan.
Buyers can buy goods from Ksh. 20 to Ksh 100,000 from approved stores. However, the amount of loan one can receive will depend on the user's credit score.
There will be no processing fees but Mpesa transaction charges will apply.
The service will piggyback on Equity Banks credit services.
The service is similar to Lipa later but customers can carry the product before completing payment.
Buyers can buy goods from Ksh. 20 to Ksh 100,000 from approved stores. However, the amount of loan one can receive will depend on the user's credit score.
There will be no processing fees but Mpesa transaction charges will apply.
The service will piggyback on Equity Banks credit services.
The service is similar to Lipa later but customers can carry the product before completing payment.
SafaricomFaraja Loans
Featured:
