How to Apply for M-Fanisi Loan on Airtel or Safaricom

M-Fanisi Loan, offered by Maisha Microfinance Bank, provides users with a hassle-free way to access quick loans directly from their mobile phones, utilizing either M-Pesa or Airtel Money platforms.

Key Features:

  • Accessibility: Accessible to both M-Pesa and Airtel Money subscribers in Kenya.
  • Registration: Easy registration process via USSD code (*281# for M-Pesa, *222# for Airtel) or the M-Fanisi mobile app.
  • Loan Limits: Borrow amounts as low as Ksh 100, with the potential to increase your limit up to Ksh 25,000 based on good repayment history.
  • Loan Periods: Flexible loan terms ranging from 7 to 30 days.
  • Interest Rates: Competitive interest rates ranging between 4% and 10% (excluding excise duty), depending on the loan amount and repayment period.
  • Repayment Options: Convenient repayment methods include your M-Fanisi account, M-Pesa, or Airtel Money.

Registration and Activation

For M-Pesa Users:

  1. Dial *281# from your M-Pesa enabled line.
  2. Agree to the terms and conditions.
  3. Enter your National ID number and your name as per the ID.
  4. Confirm details and select “Confirm.”
  5. Await notification regarding the registration status.
  6. You may need to set an M-Fanisi PIN later via the app or USSD *281#.

For Airtel Money Users:

  1. Dial *222# and select “Loans and Savings.”
  2. Choose “M-Fanisi” and accept the terms and conditions.
  3. Enter your ID number and complete registration with your Airtel Money PIN.
  4. Wait for a response from M-Fanisi.

Applying for a Loan

For M-Pesa Users:

  1. Dial *281# or use the M-Fanisi app.
  2. Select “Loans” followed by “Request Loan.”
  3. Enter your desired loan amount and choose a repayment period.
  4. Verify and complete the process by entering your M-Fanisi PIN.

For Airtel Money Users:

  • The specific process for Airtel Money users is not detailed here. It’s advisable to contact M-Fanisi customer care for tailored instructions.

Repaying Your Loan

You can repay your M-Fanisi loan via:

  • Your M-Fanisi account (if available)
  • M-Pesa using *281#
  • Airtel Money using *222#

Lipa na M-Pesa Paybill Number (Unconfirmed):

While some sources suggest the paybill number 499555, it’s essential to verify this directly with M-Fanisi customer care to ensure accuracy and avoid any payment errors.

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