Restore Fuliza Limit Using This Simple Trick

Restore fuliza limit is a widely common search term used by Kenyans. Fuliza is an overdraft facility from Safaricom that provides a convenient way of accessing short-term credit that facilitates the completion of transactions upon instances of insufficient funds in the MPesa mobile money account.

Besides convenience, Fuliza offers several other benefits to its users such as instant accessibility to additional funds without the requirements of credit application procedures or issuance of collateral.

Secondly, fuliza offers customizable limits depending on a variety of factors such as usage frequency of both Fuliza and other Safaricom related services such as MPesa, repayment behavior as well as CRB listings status. This limit may increase or reduce whereby whichever the outcome, you can always restore fuliza limit.

Thirdly, fuliza costs are lower compared to digital loan apps due to fuliza typically charging interest only on the utilized amount for the borrowed duration.

Fourthly, fuliza contributes to credit score improvement through timely repayments and low balance consistency which ultimately enhances overall creditworthiness.

The fifth benefit of fuliza is the ability to withdraw funds at MPesa agents thus making it more versatile and not only restricted to the completion of transactions via the paybill or till number options.

Similarly, fuliza amounts can also be transferred to other mobile money account numbers associated with other network providers such as Airtel and Telkom.

Other notable perks associated with the fuliza service revolve around favorable repayment duration, zero crb checks, no limit reductions on late repayment etc

Reasons For Opting Out Of Fuliza

Despite the positive aspects attributed to the fuliza service, there are various reasons with which an individual may decide to opt-out of the service.

Some of these reasons may include;

Debt management: In-order to avoid the pitfalls of debt-cycles typically brought about due to over reliance on credit facilities, one may opt out of fuliza to improve financial stability.

Negative cash flow: A common inconvenience related to the fuliza service involves the automatic deduction of funds received into the MPesa account.

If an individual is already facing financial constraints, continuous use of fuliza may worsen the situation whereby every deposit made to MPesa is automatically diverted to repayment and not the intended purposes.

Impulsive spending: Having an active fuliza limit may tempt individuals to engage in impulsive or unnecessary expenditure that may lead to financial mismanagement.

High Daily fees: Fuliza attracts daily fee charges depending on the overdrawn amount whereby high amounts attract high daily fee charges.

Such daily charges may prove to be more expensive in the long run especially when the outstanding fuliza balance is not repaid within a short period.

Another valid reason why individuals may frequently opt out of fuliza is for the purposes of increasing one’s fuliza loan limit which involves a simple trick of opting out then opting in to fuliza. However, there are instances where this technique may backfire thereby requiring you to restore fuliza limit.

This ‘fuliza limit increase hack’ was first discovered by members of the Kenya mobile loans portal facebook group which discusses all loan app related issues in Kenya including new loan apps, loan related scams, earning money online etc

Disadvantages Of Opting Out Of Fuliza

Regardless of the above stated reasons, by opting out of fuliza you are essentially discontinuing the credit facility and losing out on some of the conveniences of the service including;

Limited access to emergency funds: As stated earlier, one of the benefits of fuliza is its versatility whereby the fuliza limit amounts can be used to complete purchases, buy airtime, send money, withdrawn etc

By opting out of fuliza, you are basically limiting your credit options in the event of financial emergencies. However if you choose to opt in, your limit may reduce thus requiring you to restore fuliza limit.

Increased reliance on loan apps: Although fuliza may not be categorized as a loan facility but rather an overdraft facility, it has competitively earned its own right against loan apps.

Due to its ease of access to funds, low costs and versatility compared to loan apps, fuliza acts as a substitute to loan apps. By opting out of fuliza, you are increasing your reliance on loan apps as well as subjecting yourself to a possible limit reduction which may necessitate you to restore fuliza limit at some point.

Limited credit score improvement: Credit scores typically signifies an individual’s creditworthiness and as such play a very crucial role in increasing loan limits.

Similarly, fuliza also impacts credit scores depending on how frequently you use the service and how timely repayments are made. By opting out of fuliza, your credit score may remain stagnant.

Limited financial flexibility: Fuliza assists in managing cash flow fluctuations, unexpected expenses and general temporary financial setbacks. By opting out of fuliza, you risk financial stress, instability and possible limit reduction that may require you to restore fuliza limit.

Fuliza limit reduction: One major drawback of the ‘fuliza hack’ is the potential reduction of your fuliza limit. Fortunately, this limit can be regained through a simple technique on how to restore fuliza limit that will be discussed further within this article.

How To Opt Out Of Fuliza

Currently, there are at least six (6) options with which you can opt out of fuliza. These options include;

a) Via USSD

Safaricom has provided four (4) USSD options to opt out of fuliza. These USSD codes are restricted to the Safaricom network, are typically free of charge and thus do not incur any service charges when used.

Note: Opting out via USSD may result in limit decrease which may require you to restore fuliza limit.

i) How to opt out of fuliza via USSD *234#

*234# is an M-PESA dedicated service code that provides a variety of MPesa services such as; PIN manager, M-PESA products, Business till, Agent/Merchant services, Insurance premium financing.

Others include M-PESA promos, M-Biashara, Lipa Fare Na M-PESA, GlobalPay, Shiriki Plan for Business etc

Steps
Dial *234# from Safaricom line
Select option 0: Fuliza M-PESA
Select option 7: Opt Out

ii) How to opt out of fuliza via USSD *100#

*100# bears a variety of Safaricom services such as Jitambulishe, M-PESA/Reversal, Sim card queries, Products & Services, Subscriptions, PUK retrieval etc

Steps
Dial *100# from Safaricom network
Select option 1: M-PESA/Reversal
Select option 6: Loans & Fuliza
Select option 1: Fuliza
Select option 7: Opt Out

iii) How to opt out of fuliza via USSD *334#

*334# is another M-PESA assigned network code that deals in various service options including; Send Money, Withdraw Cash, Buy Airtime, Loans & Savings as well as Lipa Na M-PESA.

Additional services include Pochi La Biashara, M-PESA offers, Jenga Jina etc

Steps
Dial *334# from Safaricom network
Select option 4: Loans & Savings
Select option 1: Fuliza
Select option 7: Opt Out

iv) How to opt out of fuliza via USSD *456#

*456# holds Safaricom related services such as Jitambulishe, Buy, Okoa/Sambaza/Please Call Me & Bonga.

Others are Balances/Top Up, M-PESA, Safaricom Home, Activate/Join PostPay, PUK retrieval etc

Steps
Dial *456# from Safaricom network\
Select option 5: M-PESA
Select option 0: Fuliza M-PESA
Select option 7: Opt Out

b) How to opt out of fuliza Via MySafaricom App

MySafaricom app is an all-in-one app that centralizes all of Safaricom services. Safaricom subscribers who download and install the app either via the Playstore or Appstore get to enjoy free 500MB data.

Note: Opting out via MySafaricom App may result in limit decrease which may require you to restore fuliza limit.

Steps
Launch the MySafaricom App ( Playstore / Appstore )
Tap on the M-PESA icon located at the bottom of the app
Tap on ‘Fuliza M-PESA’
Click on ‘Opt Out’ button located at the bottom
Select your reason for opting out (change of ownership, no longer in need of the service, cost etc)

c) How to opt out of fuliza Via M-PESA App

M-PESA app is an all-in-one M-PESA focused app that contains all of Safaricom M-PESA related functions. Users who download and install the M-PESA app for the first time receive free 500MB Safaricom data.

Note: Opting out via MPesa App may result in limit decrease which may require you to restore fuliza limit.

Steps
Launch the M-PESA App ( Playstore / Appstore )
Input your M-PESA PIN
Tap on ‘transact’ located at the bottom
Tap on ‘Fuliza’
Tap on the 3-menu button located at the top right of the app
Click ‘Opt Out’

How To Restore Fuliza Limit After Opting Out

As earlier discussed, utilizing the ‘fuliza limit increase hack’ to increase your fuliza limit may go both ways i.e increase/decrease your fuliza limit thereby obliging you to restore fuliza limit.

In the event that your fuliza limit has been increased, Congratulations!!!

If it goes the other way and has been reduced, do not panic. Follow the below procedure to restore fuliza limit

While still opted out,

Navigate to your SIM toolkit
Select the M-PESA menu
Select ‘My Account’
Select ‘Update Customer Menu’
Enter your M-PESA PIN
Click ‘OK’ on the customer menu prompt notification
Wait for reply on the request

Alternatively, wait for at least a week 3-7 days before attempting to opt back in to fuliza and confirm if you have succeeded to restore fuliza limit.