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M-Pesa Taasi & Fuliza Loans
Apply for instant loans from as low as KSh1 up to KSh400,000 with flexible repayment options, fast disbursement, and easy accessibility for M-Pesa users.
M-Pesa has rolled out three new digital loan options designed to meet a wide range of financial needs for Kenyans. Borrowers can access funds starting at KSh1 all the way to KSh400,000, making it suitable for personal emergencies, business use, or tackling unexpected expenses.
The new products – Taasi Pochi, Fuliza Biashara, and Taasi Till loans – aim to provide quick access to credit straight from your mobile device. Approval is typically fast and existing M-Pesa users enjoy a simple application process through the M-Pesa menu. Interest rates, according to market trends for similar digital loans, generally range between 1% to 7.5% depending on amount and duration.
Loan terms are typically short, from a week to 30 days, though higher amounts may offer longer terms upon approval. Standard M-Pesa transaction terms apply, and repayment is made directly via your phone for full transparency and control.
How to Apply for M-Pesa Taasi or Fuliza Loans
- Ensure your M-Pesa account is active and has regular transactions.
- Open the M-Pesa menu on your phone.
- Select the loan or overdraft option relevant to your needs (e.g., Taasi, Fuliza Biashara, Pochi).
- Enter the amount you wish to borrow (minimum KSh1, maximum KSh400,000).
- Confirm your details and agree to the loan terms.
- Receive approval and instant disbursement if eligible.
Pros of M-Pesa Loans
M-Pesa’s loans are accessible 24/7, enabling users to respond quickly to emergencies or opportunities. Funds are deposited instantly to your M-Pesa wallet.
The application process is digital, eliminating paperwork or bank visits. Users also get flexible limits that can increase over time based on repayment habits.
Cons of M-Pesa Loans
One drawback is short loan tenures, typically requiring repayment within 30 days. This may not suit those seeking longer-term finance solutions.
In addition, interest rates are variable and can be relatively high if loans are rolled over, leading to higher costs compared to traditional banking options for big sums.
Our Verdict
M-Pesa’s updated loan products are a practical solution for quick, digital borrowing needs in Kenya. With simple requirements and instant cash, it’s a game-changer for many. However, consider the short repayment periods, and use responsibly to enhance your credit profile and avoid debt cycles.
