How to Pay Mshwari Loan for Another Number: Step-by-Step Guide

Have you ever wanted to pay off a Mshwari loan for a friend or family member but weren’t sure how? If you’re wondering how to pay a Mshwari loan for another number, you’ve come to the right place. While Mshwari doesn’t allow direct repayment for another number, there’s an easy workaround using Mpesa to transfer money and settle the loan. In this guide, we’ll walk you through the steps to help you pay a Mshwari loan for another number smoothly.

How to Pay Mshwari Loan for Another Number

Although Mshwari doesn’t have a direct feature that allows you to pay off someone else’s loan, you can still help by sending money via Mpesa to the phone number that has the Mshwari loan.

Here’s how to pay a Mshwari loan for someone else:

Step 1: Send Money to the Other Number via Mpesa

1. Open your Mpesa menu.
2. Select “Send Money”.
3. Enter the phone number of the person with the Mshwari loan.
4. Enter the amount you want to send (which should be the loan repayment amount).
5. Confirm the payment and enter your Mpesa PIN to complete the transaction.

After completing the transaction, the recipient will receive an SMS notification about the money sent.

Step 2: Repay the Loan on the Recipient’s Mshwari Account

Once the money is sent, the person can use it to repay the Mshwari loan by following these steps:

1. On the recipient’s phone, go to the Mpesa menu.
2. Select “Loans and Savings”.
3. Choose “Mshwari” and then the “Loan” option.
4. Select “Pay Loan” and choose Mpesa as the payment method (since the money is already in the Mpesa account).
5. Enter the amount to pay, input the Mpesa PIN, and click “OK”.

The loan will be automatically deducted from the Mpesa account, and the repayment will be completed.

How to Pay Mshwari Loan Using a Different Number

Since Mshwari accounts are linked to specific Mpesa numbers, you can’t directly repay a loan for another number from your own number. However, you can transfer the required loan amount to the other person’s Mpesa account (as explained above), and they will then repay the loan from their Mpesa balance.

In summary, here’s the process:

• Transfer funds via Mpesa to the number that holds the Mshwari loan.
• The loan holder then uses the transferred amount to repay the loan.

How to Pay Mshwari Loan Using Pay Bill

Currently, there is no Paybill number for Mshwari payments, so you cannot use Fuliza or the Paybill feature for Mshwari loan repayment.

Instead, use the Mpesa menu to repay the loan directly from the Mshwari account:

1. Go to the Mpesa menu.
2. Select “Loans and Savings”.
3. Choose “Mshwari” and select the “Loan” option.
4. Select “Pay Loan”.
5. Enter the repayment amount and your Mpesa PIN.
6. Confirm to complete the transaction.

How to Apply for a Loan from Mshwari

If you’re interested in applying for your own Mshwari loan, here’s how you can do it:

1. Open the Mpesa menu.
2. Select “Loans and Savings”.
3. Choose “Mshwari”.
4. Select the “Loan” option and choose “Request a Loan”.
5. Enter the loan amount within your Mshwari limit.
6. Enter your Mpesa PIN and click “Continue”.

The loan will be deposited directly into your Mpesa account. You will also receive a confirmation message with the loan amount and the associated facility fee.

How to Check Your Mshwari Loan Limit

To check your Mshwari loan limit:

Via USSD Code:

1. Dial *234#.
2. Go to Mpesa Products.
3. Select Mshwari.
4. Choose “Loan Limit Request”.
5. You will receive a message showing your loan limit.

Via Mpesa Sim Toolkit:

1. Go to Loans and Savings on the Mpesa menu.
2. Choose Mshwari.
3. Select “Loan Limit and Fees”.
4. Enter your Mpesa PIN and click “OK”.
5. Your loan limit will be sent via SMS.

How to Pay Mshwari Loan for Another Number – FAQs

Can You Pay Mshwari Loan Using Fuliza?

No, Fuliza cannot be used to pay a Mshwari loan directly. However, you can use Fuliza to send money to another number and then repay the loan.

Can I Have Multiple Mshwari Accounts with Different Mpesa Numbers?

Yes, you can have multiple Mshwari accounts linked to different Mpesa numbers. Each Mshwari account is linked to one Mpesa number, and you must pay off any existing loan on one number before borrowing from another line.

Conclusion

Paying a Mshwari loan for another number may not be straightforward, but with the Mpesa workaround, you can easily help someone repay their loan. Simply transfer the amount via Mpesa to the recipient, and they can repay the loan from their Mshwari account. Always make sure to check your loan limits and repayment terms to avoid any surprises.

We hope this guide helps you pay off your Mshwari loan or assist someone else with theirs!