I needed to repay my M-Shwari loan, but I wasn’t sure where to find the repayment option on the M-Pesa menu. Since late repayment can lead to extra charges and even CRB listing, I wanted to do it correctly.
If you’re using M-Shwari, here’s a simple guide to help you repay your loan easily.
Quick Answer
To pay your M-Shwari loan, go to M-Pesa → M-Shwari → Loan → Pay Loan, enter the amount, confirm with your PIN, and complete the payment.
What Is M-Shwari Loan?
M-Shwari is a savings and loan service available on M-Pesa, allowing users to:
- Borrow from KSh 100 upwards
- Repay within 30 days
- Access instant mobile loans
👉 Instead of interest, M-Shwari charges a 7.5% facilitation fee per loan.
Requirements Before Repayment
- Active Safaricom line
- Active M-Pesa account
- Existing M-Shwari loan balance
Step-by-Step: How to Pay M-Shwari Loan
Step 1: Open M-Pesa Menu
Go to your M-Pesa menu on your phone.
Step 2: Select M-Shwari
Choose M-Shwari from the menu.
Step 3: Select Loan Option
Tap on Loan.
Step 4: Select Pay Loan
Choose Pay Loan.
Step 5: Enter Amount
Input the amount you want to repay.
Step 6: Enter M-Pesa PIN
Enter your M-Pesa PIN.
Step 7: Confirm Transaction
Confirm the payment details and press OK.
Step 8: Receive Confirmation SMS
You will receive an SMS confirmation.
Important Things to Know
- Loan repayment period is 30 days
- Late repayment attracts an extra 7.5% fee
- Non-payment may lead to CRB listing after 120 days
Penalty for Late Payment
- Additional 7.5% facilitation fee
- Extension of loan period by 30 days
- Possible CRB listing if unpaid after 120 days
Extra Tips and Best Practices
- Repay your loan before the due date
- Always confirm the amount before sending
- Keep confirmation SMS for records
- Pay full amount to avoid extra charges
- Check your balance regularly
Common Mistakes to Avoid
- Delaying repayment
- Entering wrong amount
- Ignoring repayment deadlines
- Not confirming transaction details
- Assuming no penalties apply
FAQ
Does M-Shwari charge interest?
No, it charges a 7.5% facilitation fee instead.
How do I repay M-Shwari loan?
Through M-Pesa → M-Shwari → Loan → Pay Loan.
What happens if I don’t repay?
You may incur extra fees and be listed on CRB.
Conclusion
Paying your M-Shwari loan is quick and simple through the M-Pesa menu. Just follow the steps carefully and repay on time to avoid extra charges and maintain a good credit profile.
