Clever Hacks For Mobile Loan Limit Increase In Kenya

Loan limit increases are generally dependent on a variety of factors related to a borrower’s credit profile in terms of the borrowing and repayment behavior amongst other variables.

Factors Affecting Loan Limits

Credit Score

Refers to a 3-digit number derived from several factors relating to an individual’s credit profile. Such factors include; total number of loans taken, performing accounts, non-performing accounts, performing loans with default history, payment patterns, exposure levels etc

Consequently, the credit score ultimately impacts loan limits whereby the lower the credit score, the more risky a borrower therefore translating to a lower loan limit.

Credit History

Refers to an individual’s information on borrowing and repayment patterns sourced from Credit Reference Bureaus (CRB)

Such information is gathered from a variety of lending institutions such as commercial banks, microfinance institutions, saccos etc and is useful in future lending decisions whereby positive credit history denotes timely repayments resulting in higher loan limits.

On the other hand, a negative credit history signifies late or missed repayments that may result in lower credit limits.

Debt-to-Income Ratio

Refers to an individual’s debt obligations in relation earned income i.e the ability to sustainably make repayments using income earned without incurring financial strains.

High debt-to-income ratio usually signifies overwhelming debt in relation to income while low debt-to-income ratio signifies manageable debt repayments on income.

Consequently, individuals with high DTI ratio may be assigned lower loan limits compared to those with low DTI ratio.

Repayment Behavior

Refers to the action of meeting payment due dates, making late or missing payments whereby individuals with timely repayment history tend to get higher loan limits in contrast to those with late repayments/defaults.

Loan Type & Term

Some lenders usually assign various loan limits depending on the type of loan and loan tenure whereby short duration loans tend to be lower amounts unlike high duration loans which attract higher loan amounts.

Usage Frequency

Some lenders assign loan limits depending on an individual’s usage of a particular product/service.

For instance, loan platforms such as Mshwari, KCB MPesa and Fuliza usually allocate higher loan limits for individuals who frequently use Safaricom services such as MPesa.

Savings Amount

Similar to ‘usage frequency’ platforms with both credit and savings platforms require active savings via their savings platforms in order to qualify for higher loan limits.

Such lenders with savings platforms include MShwari, KCB MPesa and Timiza.

Loan Uptake Frequency

Refers to the number of times a loan application is made, approved and repaid on time.

A higher loan uptake frequency with timely repayments builds a positive credit history which in turn creates chances for future higher loan limit increments.

Coupon Availability

Loan coupons can be termed as temporary loan limit increase techniques that are availed to borrowers with positive credit history.

Such coupons assist in ‘bypassing’ normal system assigned loan limits and are usually time limited whereby they may expire if not utilized within the stated validity period.

Service Duration

In order to qualify for higher loan limits, a borrower needs to have been actively using a particular service for a specified duration/period.

Transaction Payment SMS

Owing to the popularity of mobile money payment services such as MPesa and mobile banking platforms, most transactions are done via mobile phones whereby proof of payment is signified with a simple SMS.

Such SMS transaction messages, when not deleted act as a financial trail that assist lenders determine creditworthiness and ultimately consideration for higher loan limits.

Loan limit Increment Methods

How To Increase Mshwari loan limit

MShwari Loan Eligibility Requirements

i. Be a Safaricom subscriber with an active MPesa account
ii. Possess a Kenyan national ID

MShwari Loan Registration Procedure

MShwari Loan Maximum Limit

MShwari loans are upto a maximum of Ksh50,000

MShwari Loan Limit Check

MShwari Loan Limit Increase Methods

i. Increase frequency of MPesa usage and other Safaricom services
ii. Save more using MShwari savings account
iii. Make timely MShwari loan repayments

How To Increase Equity Eazzy loan limit

Eazzy Loan Eligibility Requirements

i. Possess national ID (Kenyan) or Alien card/work permit (Foreigners)
ii. Posses Equitel SIM card
iii. Activate Equity mobile banking

Eazzy Loan Registration Procedure

Eazzy Loan Maximum Limit

Eazzy loans are upto a maximum of Ksh200,000

Eazzy Loan Limit Check

Eazzy Loan Limit Increase Methods

i. Increase Equity account transactions
ii. Make timely Eazzy loan repayments
iii. Increase frequency and amount of deposits to Equity account
iv. Channel income through Equity bank account
v. Possess no history of prior Equity loan defaults
vi. Increase monthly Equity balance amount

How To Increase KCB Mpesa loan limit

KCB MPesa Loan Eligibility Requirements

Be a Safaricom subscriber with an active MPesa account

KCB MPesa Loan Registration Procedure

KCB MPesa Loan Maximum Limit

KCB MPesa loans are upto a maximum of Ksh100,000

KCB MPesa Loan Limit Check

Hustler Fund Loan Limit Increase Methods

i. Request for Hustler fund loan frequently
ii. Make timely repayments on the hustler fund loan

How To Increase Tala loan limit

Tala is a digital credit platform provided by Inventure Mobile and licensed by CBK. Tala offers low interest loans at 0.3% daily repayable within 15-61 days. Tala loans are available via Tala USSD Code *846# and Tala App ( Playstore )

Tala Loan Eligibility Requirements

i. Possess national ID card
ii. Be a Safaricom registered user
iii. Possess an active MPesa account

Tala Loan Registration Procedure

Tala Loan Maximum Limit

Tala loans are upto a maximum of Ksh30,000

Tala Loan Limit Check

Launch Tala App
Click ‘Sign In’
Enter your phone number
Enter Tala PIN
Accept Tala’s privacy policy terms
Tala loan limit will be displayed in dashboard

Tala Loan Limit Increase Methods

i. Ensure repayment of other loans
ii. Increase MPesa usage
iii. Make timely Tala repayments

How To Increase Mokash loan limit

Mokash Loan Eligibility Requirements

Mokash Loan Registration Procedure

Mokash Loan Maximum Limit

Mokash Loan Limit Increase Methods

How To Increase Branch loan limit

Branch Loan Eligibility Requirements

i. Possess mobile phone
ii. Possess a Kenyan national ID card
iii. Be a Safaricom subscriber
iv. Possess active MPesa account
v. Possess an active Facebook account

Branch Loan Registration Procedure

Branch Loan Maximum Limit

Branch loans are upto a maximum of Ksh300,000

Branch Loan Limit Check

i. Launch the Branch App
ii. Sign In with either phone number or Facebook
iii. Enter your branch PIN
iv. Your branch loan limit will be displayed on the dashboard

Branch Loan Limit Increase Methods

Make timely repayments as per the scheduled dates. Do not make early or late payments.

How To Increase MCoop Cash loan limit

MCoop Cash Loan Eligibility Requirements

i. Possess Coop bank account
ii. Activate MCoop mobile banking
iii. Be in active employment
iv. Possess active account for 3 months

MCoop Cash Loan Registration Procedure

MCoop Cash Loan Maximum Limit

MCoop loans are upto a maximum of Ksh500,000

MCoop Cash Loan Limit Check

MCoop Cash Loan Limit Increase Methods

Increase net salary amount since limit is dependent on the average of three (3) months’ net pay whereby the maximum loan limit attainable is twice the average of the last three (3) months’ net pay.

How To Increase Halal Pesa loan limit

Halal Pesa Loan Eligibility Requirements

Possess active MPesa account

Halal Pesa Loan Registration Procedure

Halal Pesa Loan Maximum Limit

Halal Pesa loans are upto a maximum of Ksh15,000 (1st timers) and Ksh20,000 (repeat borrowers)

Halal Pesa Loan Limit Check

Check Halal Pesa Loan Limit Via USSD

Dial *334#
Select option 4: Loans & Savings
Select option 4: Halal Pesa
Select option 1: Facility
Select option 1: Check Limit
Enter MPesa PIN

Halal Pesa Loan Limit Increase Methods

i. Timely Halal Pesa repayments
ii. Increase MPesa usage

How To Increase Fuliza loan limit

Fuliza Loan Eligibility Requirements

Be an MPesa registered customer with an active Safaricom line.

Fuliza Loan Registration Procedure

Fuliza Loan Maximum Limit

Fuliza loans are upto a maximum of Ksh70,000

Fuliza Loan Limit Check

Fuliza Loan Limit Increase Methods

i. Fuliza hack
ii. Make timely Fuliza repayments
iii. Frequently use Safaricom & MPesa services

How To Increase Timiza loan limit

Timiza Loan Eligibility Requirements

i. Be a Safaricom subscriber for at least six (6) months
ii. Actively use Safaricom services
iii. Possess a national ID card

Timiza Loan Registration Procedure

Timiza Loan Maximum Limit

Timiza loans are upto a maximum of Ksh150,000

Timiza Loan Limit Check

Timiza Loan Limit Increase Methods

i. Increase Timiza account transactions
ii. Increase savings in Timiza savings account
iii. Increase MPesa usage frequency
iv. Make timely Timiza loan repayments
v. Possess positive credit score
vi. Not be blacklisted by CRB

How To Increase Vooma loan limit

Vooma Loan Eligibility Requirements

i. Possess KCB bank account
ii. Activate KCB mobile banking
iii. Possess active KCB account for 6 months
iv. No account overdraws or loan arrears for 6 months

Vooma Loan Registration Procedure

Vooma Loan Maximum Limit

Vooma loans are upto a maximum of Ksh300,000

Vooma Loan Limit Check

Vooma Loan Limit Increase Methods

i. Timely Vooma loan repayments
ii. Increase KCB account transactions

How To Increase Zenka loan limit

Zenka Loan Eligibility Requirements

i. Possess mobile phone
ii. Possess national ID card
iii. Be a Safaricom subscriber
iv. Possess active MPesa account

Zenka Loan Registration Procedure

Zenka Loan Maximum Limit

Zenka loans are upto a maximum of Ksh30,000

Zenka Loan Limit Check

i. Launch the Zenka app
ii. Enter your registered mobile phone number
iii. Enter Zenka PIN
iv. Your loan limit will be automatically calculated and displayed

Zenka Loan Limit Increase Methods

i. Maintain positive repayment behavior with Zenka and other lenders
ii. Do not delete MPesa transaction messages
iii. Possess no outstanding loans with Zenka and any other lenders
iv. Possess a high credit score
v. Grant Zenka access to various phone personal data requested by the app
vi. Actively use your registered mobile phone number