Safaricom has announced a discount of up to 40% for services charged daily on fuliza loans.
In an announcement made on Wednesday September 28, Safaricom noted that no change was effected on drawdowns between Ksh1 – 100 and Ksh101-500 will be charged a three per cent daily maintenance fees as opposed to the usual 5%.
The announcement further noted that for loans between 501-1000 Ksh will be charged Ksh 6. The initial charge was Ksh 10.
“Further, customers that drawdown Ksh1000 and below shall enjoy a waiver on the daily maintenance fee for the first three days,” read the statement in part.
Drawdowns between Ksh1,001 – Ksh1,500, Ksh1,501 – Ksh2,000 and Ksh2,501 – Ksh70,000 will have the daily as 10, 20, and 16.7 per cent, respectively.
The company further clarified that the changes would take effect after one has cleared existing fuliza loans.
“You will pay the current daily maintenance fees on your outstanding balance. The new discounted price will take place after you clear your balance,” stated Safaricom.
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