How to Pay Off Mshwari Loans for Another Number

To pay off Mshwari loans for friends and family, the benefits of timely repayments, and how Mshwari loans can improve financial flexibility.

As we navigate life’s ups and downs, there may come a time when we wish to lend a helping hand to our friends and family members in need. One such way is by assisting them in paying off their Mshwari loans.

In this comprehensive guide, we will explore the ins and outs of Mshwari loans and the step-by-step process of paying off a loan for someone else. Furthermore, we will discuss the benefits of timely repayment and how Mshwari loans can provide financial flexibility.

Mshwari loans offer a convenient way for individuals to access quick funds, and repaying these loans on time can significantly increase one’s borrowing limit.

With a 20% discount on the facility fee for early repayment, Mshwari incentivizes users to pay off their loans as soon as possible. Additionally, users can enjoy a flexible payment plan, allowing installment payments over 30 days.

MUST READ: 5 Reasons Why Your Mshwari Loan Limit Zero.

Despite Mshwari loans’ advantages, the platform does not have a direct method for repaying loans for another number. However, this guide will present a workaround to help you pay off your loved one’s Mshwari loan, ensuring their financial stability and peace of mind.

Section 1: How to Pay a Mshwari Loan for Another Number

Sending Money via Mpesa

To pay a Mshwari loan for another number, you must first send the required funds to the holder’s Mpesa account. To do this, follow these steps:

• Open your Mpesa menu.
• Select the “Send Money” option.
• Enter the phone number of the person whose Mshwari loan you wish to pay.
• Input the amount to be sent.
• Enter your Mpesa pin and press “OK.”

Guide On How to Repay Mshawari Loan

Once the loan holder has received the transferred funds in their Mpesa account, they can pay off their Mshwari loan. To do this, they must follow these steps:

• Access the Mpesa menu on their mobile device.
• Choose “Loans and Savings.”
• Select “Mshwari” and then the “loan” option.
• Click on “Pay Loan.”
• Choose “Mpesa” as the payment method.
• Enter the payment amount and Mpesa pin, then press “OK.”

How to pay mshwari loan using Pay Bill

There’s no Pay Bill number for Mshwari, so you can’t pay the mshwari loan by “Fuliza” to pay bill.

Here are the proper steps for repaying your Mshwari loan:

1. Simply navigate to the Mpesa menu.
2. Choose “Loans and Savings.”
3. Select Mshwari.
4. Choose the “loan” option.
5. Select “pay loan.”
6. You have the option of paying with your Mpesa or Mshwari account; choose one.
7. Enter the amount to be paid.
8. Enter your Mpesa pin and press the “OK” button.
9. Your mshwari loan will be deducted automatically from your account.