Fuliza introduces new discounted Tarrifs
Safaricom,NCBA and KCB Bank Kenya limited (KCB) came together in 2019 to introduce Fuliza,an overdraft solution linked to a customer’s mobile money wallet.
The facilities have continued to assess the evolution of consumer behavior and the economic conditions to identify ways in which we can further enhance the utility of the digital financial services.
The NCBA has therefore introduced a new discounted tarrif of up to 40% on fuliza .
The new discounted tarrif include
Daily Maintenance free 1-100 didn’t have any change of tarrifs
101-500 old tarrif was 5.00 and now the new tarrif is 3.00 a discount of 40%.
501-1000 the old tarrif was 10.00 and now the new tarrif is 6.00 a 40% discount.
Further the customers that drawdown Ksh. 1000 and below shall enjoy a waiver on daily maintenance fees for the first 3 days .
1,001-1500 the old tarrif was 20.00 and now 18.00 a discount of 10% .
1,501-2500 the old tarrif was 25.00 and now 20.00 a 20% discount .
2,501-70,000 the old tarrif was 30.00 and the new tarrif is 25.00 a 16.7% .
The new discounted tarrif will take effect from 1st of October 2022.
The customers who will benefit the discounted tarrif are all the Fuliza customers who have opted in and have a positive limit with no outstanding balance.
Those who have an existing Fuliza loan will pay the current daily maintenance fees on the outstanding balance. The new discounted price will take effect once you clear your balance.
To check your outstanding balance dial *234# .