Mobile Loan Facility (MLF) is a short term loan available to existing and former asset finance loan clients that have completed or are about to complete their asset finance loans. As a pre-requisite for MLF, the client must have a good payment record for existing or previous Watu Credit loans.
Loan amountDetermined individually
Loan ApplicationVia mobile short code #876* after the client is pre-approved
DurationUp to 3 months
Interest rate7% per month
Repayment MethodMpesa transfer
- National ID for borrower;
- Good credit history and current standing;
- Insured and traceable collateral asset.