I recently tried to send money using my Equity account but realized I didn’t have enough balance. That’s when I got a Boostika prompt, which allowed me to complete the transaction instantly.
If you’re wondering how Boostika works or how to use it when you’re low on funds, here’s a simple guide.
Quick Answer
To use Equity Boostika, initiate a transaction via *247#, Equitel, or the mobile app, and accept the Boostika prompt when your balance is insufficient.
Step-by-Step: How to Use Boostika via *247# (USSD)
Option 1: Sending Money
*1. Dial 247#
2. Select “Send Money”
3. Choose your account
4. Enter recipient details
5. Enter amount
6. Enter your PIN
7. Accept Boostika prompt
If your balance is low, your Boostika limit will appear.
Confirm and complete the transaction.
Option 2: Paying Bills
*1. Dial 247#
2. Select “Paybill”
3. Choose your account
4. Enter business number and account
5. Enter your PIN
6. Accept Boostika prompt
Confirm to complete payment.
Step-by-Step: Using Equity Mobile App
1. Log in to the Equity Mobile App
2. Select “Send Money” or “Paybill”
3. Enter transaction details
4. Enter PIN
5. Accept Boostika prompt
Confirm and complete transaction.
Step-by-Step: Using Equitel
1. Open Equitel STK menu
2. Select transaction (Send or Paybill)
3. Enter details and PIN
4. Accept Boostika prompt
Complete transaction.
Boostika Loan Limits and Features
- Minimum: KSh 100
- Maximum: KSh 100,000
- Repayment period: Up to 30 days
- Cannot be withdrawn as cash
- Used only to complete transactions
Charges
- Processing fee: 5%
- Insurance: 1%
- Excise duty: 20% of processing fee
- Interest: 18% per annum
Extra Tips and Best Practices
- Use Boostika only when necessary
- Repay on time to maintain eligibility
- Check your loan limit before transactions
- Avoid frequent borrowing
- Monitor charges carefully
Common Mistakes to Avoid
- Ignoring repayment deadlines
- Assuming Boostika is free
- Trying to withdraw Boostika cash
- Overusing the facility
- Not checking total cost
FAQ
Can I withdraw Boostika loan as cash?
No, it is only used to complete transactions.
How long do I have to repay Boostika?
Up to 30 days.
Who qualifies for Boostika?
Active Equity customers with good repayment history.
Conclusion
Equity Boostika is a convenient solution when you’re short on funds during a transaction. Just initiate your payment or transfer, accept the prompt, and complete your transaction instantly.
