How to opt out of fuliza step by step (2023)

How to opt out of fuliza

How to opt out of fuliza. Fuliza MPESA is an overdraft facility on Safaricom MPESA users to complete their transactions in case they have insufficient funds in their MPESA wallets. Fuliza allows MPESA customers to send money, Pay bills and even buy airtime.

Safaricom line users can access Fuliza MPESA services by dialing *234# ,Fuliza, then accept terms and conditions and register. Below is a detailed step by step guide on how to opt out incase you don’t need the services anymore. How to buy tokens easily via Mpesa

How to opt out of fuliza step by step

If you want to opt out of fuliza services, follow these steps

  • On your phone dial *234#
  • Select Fuliza
  • Select Opt Out

After following the above steps, your Fuliza  account will be deactivated. If you have an outstanding Fuliza loan this service won’t work. You have to pay first. If you encounter any challenges while opting out, you can contact Safaricom customer care on these lines. Prepaid 100 and Postpaid 200.

Fuliza Mpesa Charges: How to opt out of fuliza

Fuliza service normally charge 1% of the borrowed amount as an access fee, as well as impose a maintenance fee charged the following day at midnight.

In case a customer repays the borrowed amount before midnight, Safaricom will only charge access and maintenance fees for the unpaid amount.

Below is a Fuliza tariff for loan comparison: How to opt out of fuliza

Table of Fuliza TariffBandTariff20% Excise DutyGrand Charges
1.Ksh. 0 to Ksh. 100Ksh. 0Ksh. 0Ksh. 0
2.Ksh. 101 to Ksh. 500Ksh. 2.5Ksh. 0.5Ksh. 3
3.Ksh. 501 to Ksh. 1000Ksh. 5Ksh. 1Ksh. 6
4.Ksh. 1001 to Ksh. 1500Ksh. 18Ksh. 3.6Ksh. 21.6
5.Ksh. 1501 to Ksh. 2500Ksh. 20Ksh. 4Ksh. 24
6.Ksh. 2501 to Ksh. 70000Ksh. 25Ksh. 5Ksh. 30

How to Opt In Fuliza service

To opt into Fuliza you will need a Safaricom SIM card that has activated Mpesa on it. This is a self service hence no need to visit a Mpesa agent or safaricom shop for assistance unless otherwise.

Guide on how to buy telkom airtime from mpesa

To opt in to Fuliza, follow the following steps.

  • On your phone dial *234#
  • Select option 0 (zero)
  • Fuliza will ask if you want to Join Fuliza M-PESA. Key in 1 and send to get started
  • Fuliza will ask you to review the terms and conditions of the service. Here key in 98 and send
  • Safaricom will receive your registration and will review it in 1 hour. Safaricom will respond to your Fuliza opt in with the limit you can borrow

FAQ about Fuliza loan

What is Fuliza M-PESA?

This is a service that allows M-PESA customers to complete their M-PESA transactions when they have insufficient funds in their M-PESA account.

What are the requirements and how do I activate Fuliza M-PESA Service?

How to opt out of fuliza

You need to be an M-PESA registered customers with an active Safaricom line. Dial *234# and select Fuliza M-PESA to opt in.

Which M-PESA transactions can I complete using Fuliza M-PESA?

Lipa Na M-PESA: Buy goods and Paybill as well as Send money.

How do I grow my Fuliza M-PESA limit?

Continue using Safaricom and M-PESA services frequently and repay Fuliza M-PESA on time by toping up your M-PESA account.

I have no Fuliza limit. How can I take advantage of the new restructured price?

Keep transacting on M-Pesa and ensure you repay all your loans on time.

Is Fuliza M-PESA a loan product?

No. This is a continuous overdraft service that allows you to complete M-PESA transactions when you have insufficient funds.

Are there any Penalties for late repayment?

You will not have access to your Fuliza M-PESA limit if you have any unpaid balance after day 30. This will however be restored on full repayment of your Fuliza balance.

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