In order to increase your M-Shwari loan limit, you have to participate in a series of money-transaction activities in Mpesa. This means that you should make frequent deposits into your M-Shwari account. By engaging in frequent deposits, you can increase your M-Shwari loan limit significantly.
If you want to increase your M-Shwari loan limit with SafariCom, you can use the MySafaricom app to make the request. The app has a tab called M-PESA and MShwari Account. You can then confirm the request by sending an SMS. Safaricom will then send you a new menu with a confirmation code.
MShwari is a mobile loan platform launched by NCBA and Safaricom. To use the service, you must have an active M-Pesa account. In addition, you must have regularly used data and voice for six months. Once you are approved for a loan, you can pay it back within 30 days. It is important to note that your loan limit may be reduced in the future if you are late with repayments.
Another way to increase your loan limit with Safaricom is to open a new account. This account offers low-cost financing for small businesses, and the interest rate is low. It also offers deposit insurance. This makes it a safe, secure way to borrow money. The best part is that it is easy and takes only 30 seconds to open. Besides, you can earn interest by saving the money in your account.
If you’re wondering how to increase your M-Shwari loan limit at NCBAN, here are the keys: You’re eligible for more loans when you meet certain criteria. Using these factors will enable you to unlock new loan limits without having to submit a new application. Once you have met these criteria, you can start making repayments. Then, within 30 days, you can unlock the next loan limit.
First, you need to know that the minimum loan limit for the M-Shwari service will increase from ksh 500 to ksh 2000 if you meet the minimum requirements. M-Shwari is a mobile-based financial service developed by Safaricom and the NCBA Bank. This service allows people with a feature phone or a mobile phone to access loans.
M-Shwari loans are unsecured loans, which means that there are no credit checks or previous banking history requirements. They also carry a seven percent facilitation fee.