Mshwari Loan Penalties For Late Repayments

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MShwari is a mobile loan service formed through a partnership between Commercial Bank of Africa ( CBA ) and Safaricom’s mobile money service MPesa.

It is accessible from the SIM toolkit, as well as from the MySafaricom app.

Mshwari loans range from Ksh 100 to Ksh 50,000 for 30 days at a 7.5% interest rate.

Failure to repay the loan upon due date will attract various penalties as stated in Mshwari Terms and Conditions.

mshwari t&c

 

 

 

 

See also  6 Valid Reasons Leading To Mobile Loan Default Every Lender Should Know!

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7 Responses

  1. Isabella says:

    I cleared my Mswari loan long but my limit is O. Can someone explain to me why 0 limit?

  2. Mercyline says:

    clear me from CRB I CLEARED YOUR
    LOAN LONG TIME AGO

  3. Mercyline says:

    I love M_shwari but i cleared your loan around 3 months ago bt my name is still in CRB,, Clear my name there plx or mtoe number yangu kwa mshwari niende other branches

  1. May 17, 2020

    […] 1. Mshwari […]

  2. July 22, 2020

    […] M-SHWARI LOAN LATE REPAYMENTS […]

  3. May 27, 2021

    […] Prolonged non-repayment for a period of 90 days will lead to the being blacklisted by the Credit Reference Bureaus (CRB) […]

  4. August 12, 2022

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