Prime

Safaricom, banks lower Fuliza charges by up to 50 percent

Safaricom

Safaricom is working on the return of a zero-interest credit service for the purchase of goods. FILE PHOTO | NMG

Photo credit: File | Nation Media Group

By  OTIATO GUGUYU

Safaricom’s Fuliza has cut daily charges for loans below Sh1000 by 50 percent and introduced a three-day grace period.

Daily charges on loans of up to Sh1000 will come down from Sh10 to Sh5 but the company has retained the 1 percent access fee on all borrowings.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME How Kenya teetered on the brink of widespread power rationing

  2. gavel-money

    PRIME Mauritius bank wins lengthy Sh841m loan fight with Kenyan oil marketer

  3. PRIME Kenyan marketer claims Sh450m on fallout with South African wine maker

  4. PRIME CBK fines record 33 banks for loan rate breaches

In the headlines

View All