Sotiwa loan app is offered by Sotiwa Ltd. The Sotiwa loan app is available on the Google Playstore and is accessible to all Kenyans and has over 1K+ downloads as well as a 3.1/5 star rating with 10+ reviews in the Playstore.
SOTIWA LOAN USSD CODE
Analog phone users can access the service by dialing the Sotiwa USSD code *243*90#.
SOTIWA LOAN REQUIREMENTS
To be able to use Sotiwa loan app, one needs to own a phone, be at least 18 years with a valid national ID and also be a registered Safaricom subscriber.
SOTIWA LOAN APP DOWNLOAD
First-time users only need to go through a short registration process providing Personal identification information like National ID number, Full name, Age, etc.
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After submitting the details, the user’s information is verified through the internal process and once approved, the client is given a one-time PIN and Loan limit immediately.
SOTIWA LOAN AMOUNT LIMITS
Sotiwa loan limits vary with a minimum of Ksh1,000 and the maximum of Ksh20,000.
SOTIWA LOAN INTEREST RATE
Sotiwa loans attract an interest rate of 20%
SOTIWA LOAN REPAYMENT DURATION
Sotiwa loans currently offers short term loans with a repayment period of 30 days.
REPAY SOTIWA LOAN USING SOTIWA PAYBILL NUMBER
To make a Sotiwa loan repayment, follow these steps:
1. Navigate to M-Pesa in your Safaricom menu on your phone
2. Select Lipa na M-PESA
3. Choose the Paybill option
4. Enter the Paybill number 568666
5. For account number, enter your M-Pesa number on which you registered with.
6. Enter your repayment amount
7. Enter your M-PESA pin
8. Confirm that all details are correct and press ‘OK’.
SOTIWA LOAN APP PERMISSIONS
This Sotiwa loan app has access to:
- Wi-Fi connection information- view Wi-Fi connections
- View network connections
Full network access
SOTIWA LOAN LATE REPAYMENT PENALTIES
Late Sotiwa loan repayments will reduce your future Sotiwa loan limits and the risk of being listed with CRB thus ruining your credit score.
SOTIWA LOAN OVER PAYMENTS
The excess amount is moved to your mobile wallet on your Sotiwa loan account which you can access anytime.
Phone: +254 728 221 717