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Fuliza Charges 2023

This article focuses on Fuliza Charges 2023. Fuliza is a continuous overdraft service that allows Safaricom’s M-PESA customers to complete their M-PESA transactions even when they do not have enough funds in their M-PESA account.

To enjoy Fuliza M-PESA overdraft services, a customer needs to be registered on M-PESA with an active Safaricom M-PESA line. Customers will need to opt into the Fuliza service to enjoy the service.

Eligibility

  • M-PESA customers registered using their national ID/Kenyan passport/Military ID can activate Fuliza but not all are eligible for a loan limit upon activation.
  • M-PESA accounts registered using Foreign passport cannot successfully opt-in to Fuliza.
  • Upon opting in, one will be assigned a limit that defines the maximum amount of overdraft they can access.
  1. A customer will be charged a one off 1% access fee and a daily maintenance fee is applied the next day at midnight or 00.00 hrs.
  2. A Customer will also be charged 20% excise duty on the access fee. That means a customer who uses Fuliza and repays before the next day at 00.00hrs will only pay the access fee and a maintenance on the outstanding amount as per the table below:
 FULIZA TARIFF
 BandTariff20% Excise DutyTotal Charges
0 -100KSh 0KSh 0KSh 0
101-500KSh 2.5KSh 0.5KSh 3
501-1000KSh 5KSh 1KSh 6
1001-1500KSh 18KSh 3.6KSh 21.6
1501-2500KSh 20KSh 4KSh 24
2501-70000KSh 25KSh 5KSh 30

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