Ever borrowed from Fuliza only to watch those fees stack up overnight? You're not alone—many Kenyans get hit with surprise daily costs that add up fast. In this guide, we break down Fuliza's per-day charges by limit tiers (up to KSh 1,000 and higher), 2024 updates, interest formulas, key factors, and real examples. Curious how much that KSh 500 overdraft really costs daily? Keep reading to avoid the sting.

What is Fuliza?

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Fuliza is Safaricom's overdraft service on M-Pesa that lets you complete transactions when you lack sufficient balance, with NCBA Bank as the lender. Launched in 2018, this M-Pesa Fuliza facility helps users avoid failed payments during low-balance moments. It acts as a short-term bridge for everyday needs.

To start using Fuliza, dial *234# from your phone, select the Fuliza option, and opt-in with your M-Pesa PIN for Fuliza activation. Eligibility requires being an active M-Pesa user for at least six months with a solid transaction history. Once approved, check your Fuliza balance and limits via the same USSD code.

• Bronze tier: KSh 100 to 1,000 limit for new or light users.
• Silver tier: KSh 1,001 to 5,000 based on regular activity.
• Gold tier: KSh 5,001 to 50,000 for frequent borrowers with good repayment.

Fuliza tiers upgrade automatically through consistent Fuliza usage and timely repayments. This structure encourages responsible borrowing in Kenya's mobile loan space. Always monitor your Fuliza limit to stay within comfortable bounds.

Daily vs. Monthly Fuliza Charges

Unlike traditional loans with monthly interest, Fuliza charges accrue daily from the moment you borrow until full repayment. This daily Fuliza fees structure means you only pay for the days you use the overdraft. It helps control Fuliza borrowing cost compared to fixed monthly plans.

Consider a KSh1,000 Fuliza loan. On day one, you face a per day charge of KSh10. Over 30 days without repayment, this adds up to KSh300 in total fees.

Period	Daily Charge	Monthly Equivalent	Example KSh1,000 loan
Day 1	KSh10	-	KSh10
30 Days	KSh10/day	KSh300	KSh300

The daily accrual benefits consumers because short-term use keeps costs low. Borrow KSh1,000 for 3 days and pay just KSh30, not the full KSh300 for a month. CBK mobile lending regulations require transparent daily disclosure for services like Safaricom Fuliza and NCBA Fuliza.

Quick Fuliza repayment turns this into a smart short-term option. Track your Fuliza balance via *234# to avoid buildup. This setup suits emergency needs in Kenya mobile banking better than M-Shwari or KCB M-Pesa monthly fees.

Why Daily Calculation Matters

Daily calculation saves you money compared to monthly loans. Repay in 5 days versus 30 days and pay much less interest. This makes Fuliza interest rate favourable for quick cash needs.

Take a KSh1,000 loan at 1.067% per day. Day 1 costs KSh10.67, and 5 days total KSh53. A monthly 1.5% rate would hit KSh150, showing how daily interest Fuliza rewards early payoff.

John borrowed KSh2,000 on Friday via M-Pesa Fuliza and repaid Monday, just 3 days later. He paid KSh64 total, far below a weekly equivalent of KSh200. CBK's 2023 directive states 'Daily rates must not exceed 1.5% effective APR', ensuring fair Fuliza pricing.

Use the Fuliza calculator in the mySafaricom app for precise estimates. This aids debt management Kenya by highlighting short-term savings. Opt for partial repayments to cut outstanding Fuliza balance and dodge penalty fees.

Standard Fuliza Rates by Limit

Fuliza rates vary by your limit tier, with lower percentages for higher limits to reward frequent good borrowers. These charges come from the official Safaricom tariff guide, updated in Q1 2024. Check your Fuliza limit via *234# to know your tier.

Fuliza charges include a daily interest rate plus an access fee per borrowing session. The access fee Fuliza applies once when you start a new overdraft. This structure keeps Fuliza loan cost predictable for M-Pesa users.

For Fuliza repayment, pay off the full amount to avoid extra fees. Partial payments reduce the principal but daily fees continue on the balance. Use the Fuliza balance check on *234# to track costs.

Understanding Fuliza tiers like Bronze, Silver, and Gold helps manage daily Fuliza fees. Frequent use with timely repayments can upgrade your Fuliza overdraft limit. Always review Fuliza terms for the latest on per day charge.

Rates for Limits Up to KSh 1,000

Bronze tier (limits KSh100-1,000) charges 1.067% per day + KSh2.50 access fee for first withdrawal. This applies to the official Safaricom terms, where the access fee hits once per new borrowing session. It's ideal for small Fuliza overdraft needs in Kenya mobile banking.

Take a KSh100 loan: Day 1 total is KSh1.07 interest + KSh2.50 access fee = KSh3.57. For KSh1,000, it's KSh10.67 + KSh2.50 = KSh13.17 on Day 1. These show how Fuliza interest rate adds up quickly on short term loan fees.

Amount	Daily Rate	Access Fee	Day 1 Total
KSh100	1.067%	KSh2.50	KSh3.57
KSh500	1.067%	KSh2.50	KSh7.85
KSh1,000	1.067%	KSh2.50	KSh13.17

Use a Fuliza calculator mindset: multiply principal by 1.067% daily, add the fee once. Repay early to cut transaction cost Fuliza. This tier suits emergency loan fees for beginners in MPESA loans.

Rates for Higher Limits

Silver (KSh1,001-5,000) and Gold (KSh5,001+) tiers drop to 0.833% daily rate with higher access fees. This rewards Fuliza frequent borrower status through better Fuliza pricing. Access via consistent Fuliza usage and repayments.

Tier	Limit Range	Daily Rate	Access Fee	KSh5,000 Example
Silver	KSh1,001-5,000	0.833%	KSh10	KSh51.65/day
Gold	KSh5,001+	0.833%	KSh20	KSh61.65/day

For a KSh5,000 Silver loan, Day 1 cost is about KSh51.65 including fees. Gold adds a higher Fuliza service fee but same rate. Track via Fuliza loans dashboard in the mySafaricom app.

Upgrade path needs 10+ successful loans to boost tier. Good habits improve Fuliza eligibility and limit. Compare with M-Shwari vs Fuliza or KCB M-Pesa vs Fuliza for lower daily interest Fuliza options.

2>2024 Updated Fuliza Charges

Safaricom reduced Gold tier rates by 10% in March 2024 per CBK pressure, now 0.833% daily across higher limits. This change followed CBK circular #CBK/DIR/12/2024, aiming to ease Fuliza loan costs for users. Safaricom stated, 'Customer-first pricing adjustments.'

Before March 2024, the Fuliza interest rate stood at 0.92% per day for Gold users. For a KSh5,000 Fuliza overdraft, this meant KSh56 daily. The reduction now brings it to KSh51 per day, helping save on daily Fuliza fees.

Users with Fuliza tiers like Bronze, Silver, or Gold see varied impacts. Higher limits benefit most from the cut in Fuliza charges. Check your Fuliza limit via *234# to understand your per day charge.

Date	Change	Impact
Pre-Mar 2024	Gold: 0.92%	KSh5,000 = KSh56/day
Mar 2024	-10% to 0.833%	Now KSh51/day (save KSh150/month)

These Fuliza rates 2024 apply to NCBA Fuliza and Safaricom Fuliza. Always repay promptly to avoid extra penalty fees Fuliza. Use the Fuliza calculator in the mySafaricom app for estimates.

Interest Calculation Method

Fuliza uses simple daily interest (not compounding) calculated on outstanding principal at midnight each day. This method applies the Fuliza interest rate to your remaining Fuliza balance, making Fuliza charges predictable for short-term use. Reference Safaricom T&Cs Section 4.2 for full details on this approach.

The core formula is Daily Charge = Outstanding Balance × Daily Rate. Fuliza recalculates this every day based on your Fuliza overdraft usage. This helps users track daily Fuliza fees accurately through their M-Pesa statements.

For example, if you borrow in the Silver tier, expect charges on the principal amount only. Partial Fuliza repayment reduces the base for next day's calculation. Always check your Fuliza limit via *234# to plan repayments.

Understanding this leads to a clear per-day breakdown. It avoids surprises in Fuliza loan cost over time. Use this knowledge for better debt management Kenya practices with MPESA loans.

Per-Day Breakdown Formula

Formula: Daily Fee = (Principal × Daily Rate) + Applicable Service Fee, recalculated each midnight on remaining balance. This captures Fuliza service fee and interest per day for your Safaricom Fuliza overdraft. Track it via Fuliza balance inquiries on *234#.

Step-by-step example: Borrow KSh2,000 (Silver tier). Day 1 adds KSh16.66 interest + KSh10 fee = KSh26.66 total charge. Repay KSh500, leaving new balance of KSh1,500.

Day 2 then charges KSh12.50 interest + KSh0 fee = KSh12.50. For Excel users, apply =A1*B1+C1 where A1 is balance, B1 daily rate, C1 service fee. This simple tool acts as a Fuliza calculator for Fuliza pricing.

Below is a 7-day repayment schedule table showing running totals for consistent KSh300 daily repayments on initial KSh2,000 borrow.

Day	Starting Balance (KSh)	Interest (KSh)	Service Fee (KSh)	Total Charge (KSh)	Repayment (KSh)	Ending Balance (KSh)
1	2,000	16.66	10	26.66	300	1,726.66
2	1,726.66	14.39	0	14.39	300	1,441.05
3	1,441.05	12.01	0	12.01	300	1,153.06
4	1,153.06	9.61	0	9.61	300	862.67
5	862.67	7.19	0	7.19	300	569.86
6	569.86	4.75	0	4.75	300	274.61
7	274.61	2.29	0	2.29	276.90	0

Factors Affecting Daily Costs

Your daily Fuliza cost depends on tier, repayment speed, and borrowing frequency. Upgrade tiers by consistent usage to lower Fuliza charges. This approach helps manage your Fuliza overdraft expenses effectively.

Fuliza tiers play a major role in setting the Fuliza interest rate. Higher tiers like Gold offer lower rates compared to Bronze. For example, borrowing the same amount costs less per day on Gold.

Repayment speed also influences total daily Fuliza fees. Quick repayments reduce interest buildup over time. Frequent use combined with timely payments can boost your tier faster.

Other elements include access fees and how much of your Fuliza limit you use. Safaricom data from 2023 shows tier upgrades often cut costs. Track your Fuliza balance via *234# to stay informed.

Fuliza Tiers and Their Rates

Fuliza tiers determine your per day charge, with Bronze at a higher rate than Gold. Moving from Bronze to Gold can save significantly on Fuliza loan cost. Use the mySafaricom app to check your current tier.

Bronze users face around 1.067% daily interest, while Gold enjoys about 0.833%. This difference means notable savings on larger loans. Consistent repayments help upgrade from Bronze to Silver, then Gold.

Experts recommend borrowing only what you need to maintain a good tier. Higher tiers come with bigger Fuliza overdraft limits too. Dial *234# for Fuliza registration or status updates.

Monitor your Fuliza levels regularly. Tier changes affect all future Safaricom Fuliza borrowings. Aim for Gold to minimise daily interest Fuliza.

Impact of Repayment Speed

Fuliza repayment speed directly cuts daily Fuliza fees. A KSh2,000 loan repaid in 5 days costs less than one held for 30 days. Partial repayments reduce the principal faster, lowering interest.

For instance, quick payoff on a short-term loan avoids extra accrual. Late payments add penalty fees Fuliza, raising costs. Always prioritise full repayment to protect your tier.

Use M-Pesa to settle your outstanding Fuliza balance promptly. This habit improves eligibility for better rates. Track via Fuliza loans dashboard in the app.

Research suggests faster repayments save on high-interest loans like Fuliza. Compare with M-Shwari vs Fuliza for options. Plan ahead to avoid late payment Fuliza issues.

Access Fees and Usage

Access fee Fuliza adds KSh2.50 to KSh20 per session, depending on amount. These transaction cost Fuliza apply each time you borrow. Keep sessions minimal to control extras.

Fuliza service fee is separate from daily interest. Frequent access raises overall Fuliza borrowing cost. Opt for larger, less frequent withdrawals when possible.

High limit utilization, like 80% or more, speeds tier upgrades. This boosts savings long-term despite fees. Check Fuliza tariff details in terms.

Limit Utilization Strategies

Using over 80% of your Fuliza overdraft limit accelerates tier improvements. This leads to lower Fuliza rates 2024 and bigger limits. Balance usage to avoid overborrowing.

Practical tip: Borrow for essentials only, repay fully, repeat. This pattern signals reliability to NCBA Fuliza systems. Avoid maxing out unless necessary.

Combine with Fuliza partial repayment for control. Higher utilization with good habits cuts effective interest rate. Use Fuliza calculator mentally for estimates.

Fees vs. Interest Differences

Fuliza separates interest (0.833-1.067% daily on balance) from one-time fees (KSh2.50-20 access per new borrowing). This distinction helps users understand Fuliza charges clearly. Interest applies to the outstanding balance each day, while fees trigger only on fresh overdrafts.

Interest accrues daily on the Fuliza balance, similar to other MPESA loans. Fees, often called access fees, occur once per borrowing session. Repaying part or all stops further interest on cleared amounts, per Safaricom terms.

Consider a KSh1,000 Fuliza overdraft. At 1.067% daily interest, it costs about KSh10.67 per day. A KSh2.50 fee applies on first use, showing how costs build over time.

Type	Interest	Fees
What	Daily on balance	One-time per session
KSh1,000 example	KSh10.67/day	KSh2.50 first use
Total Day 1	KSh13.17	KSh2.50
Total Day 30	KSh380	KSh2.50

Use this Fuliza cost breakdown to plan repayments. Fees do not repeat if you borrow again within the same session. Always check your Fuliza limit via *234# to avoid surprises.

Sample Daily Charge Examples

Real scenarios: KSh500 Bronze Fuliza loan costs KSh7.85 Day 1, KSh5,000 Gold Fuliza loan costs KSh61.65 Day 1. These sample Fuliza charges show how daily Fuliza fees add up based on your tier and loan duration. Understanding Fuliza interest rate helps plan Fuliza repayment to avoid extra costs.

Fuliza tiers like Bronze, Silver, and Gold affect your Fuliza overdraft limit and rates. Fees include an access fee Fuliza plus daily charges. Check your Fuliza balance via *234# USSD for accurate tracking.

Below are three realistic examples of Fuliza loan cost. Each table breaks down per day charge and totals. Use these to estimate your Fuliza borrowing cost.

Build your own Fuliza calculator: [Principal × Rate × Days] + Access Fee. Dial *234# for official Fuliza balance and terms.

Emergency KSh300 Bronze Loan

For a quick KSh300 emergency loan on Bronze Fuliza level, expect daily interest Fuliza to start low. Day 1 charge is KSh5.71, showing Fuliza minimum fee in action. Over three days, the total reaches KSh17.

This short term loan fees example suits urgent needs like transport. Repay early to cut daily accrual fee. Track via M-Pesa Fuliza dashboard.

Day	Daily Charge (KSh)	Running Total (KSh)
1	5.71	5.71
2	5.71	11.42
3	5.58	17.00

Fuliza pricing varies by tier, so upgrade for better Fuliza rates 2024. Avoid late payment Fuliza penalties.

Salary Gap KSh2,500 Silver Loan

A KSh2,500 salary advance Kenya on Silver Fuliza covers weekly shortfalls. Over seven days, Fuliza charges total KSh200 with steady daily Fuliza rate. This highlights percentage based fee growth.

Such payday loan Kenya scenarios demand prompt Fuliza partial repayment. Monitor outstanding Fuliza balance to manage debt. Compare with M-Shwari vs Fuliza options.

Days Used	Total Charge (KSh)
1	28.57
3	85.71
7	200.00

Fuliza service fee makes longer use costly. Opt for full repayment fee avoidance through planning.

Business KSh10,000 Gold Loan

For KSh10,000 business overdraft on Gold Fuliza, five-day total hits KSh500. This NCBA Fuliza example shows higher limits but scaled overdraft fees. Daily rates reflect Fuliza maximum charge potential.

Safaricom Fuliza suits frequent borrowers. Use Fuliza PIN for secure loan disbursement fee handling. Review Fuliza terms before borrowing.

Day	Daily Charge (KSh)	Running Total (KSh)
1	100.00	100.00
3	300.00	300.00
5	500.00	500.00

Maintain Fuliza eligibility with good habits. Explore Fuliza alternatives like Tala for variety.

Frequently Asked Questions

How Much Does Fuliza Charge Per Day?

Fuliza charges daily maintenance fees based on your outstanding balance and tier level. For example, Tier 1 users (up to KSh 1,000) pay 0% for the first 2 days, then KSh 2 per day; Tier 2 (up to KSh 15,000) is KSh 13 per day; Tier 3 (up to KSh 50,000) is KSh 20 per day; and Tier 4 (up to KSh 100,000) is KSh 27 per day. Check your exact rate via *234#.

How Much Does Fuliza Charge Per Day for Small Loans?

For small Fuliza loans under KSh 1,000 (Tier 1), there's no charge for the first two days, after which it's KSh 2 per day on the outstanding amount. This makes it affordable for short-term overdrafts.

How Much Does Fuliza Charge Per Day Compared to M-Shwari?

Fuliza's daily rates range from KSh 2 to KSh 27 depending on the tier, while M-Shwari charges a one-time facility fee plus interest. Fuliza is often cheaper for daily use on short-term borrowings.

How Much Does Fuliza Charge Per Day After the Grace Period?

After the initial 2-day grace period on all tiers, Fuliza charges per day: KSh 2 for Tier 1, KSh 13 for Tier 2, KSh 20 for Tier 3, and KSh 27 for Tier 4, calculated on the daily outstanding balance.

How Much Does Fuliza Charge Per Day for Tier 3 Users?

Tier 3 Fuliza users, with limits up to KSh 50,000, are charged KSh 20 per day on the outstanding amount after the first two grace days. Improve your tier for potentially higher limits but same rate structure.

How Much Does Fuliza Charge Per Day if I Repay Late?

Fuliza's per-day charge applies continuously until full repayment, e.g., KSh 13 daily for Tier 2. Late repayment increases total costs, so repay promptly via M-Pesa to minimise fees.