How to get a loan with AIRTEL MONEY - Everything you need to Know

This guide will provide you with step-by-step instructions on how to borrow, what you need to be eligible, and the terms and conditions you need to follow when borrowing from the Airtel Money wewole loan service

Eligibility requirements for the Airtel money wewole loan:

To be eligible for the Airtel money loan, You must have an active Airtel money account in your name, registered with a national ID, passport or driving license. These requirements are a requisite for the borrowing process.

How to Apply for the Airtel money loan:

To get the loan process started, you should have an active Airtel Money account, then

1. Dial the USSD code: *185*8*1# to go straight to the Airtel Money Wewole Loans or alternatively Dial *185#, then select option 8.Loans. You will then be presented with various loan options from different loan providers on the different menus including:

   • Wewole
   • Quick Loan
   • Kwasa Kwasa
   • ATE
   • KCL
   • Kwata Essimu
   • Yassako Loans
   • GnuGrid

2. From the menu above select option 1. Wewole, to go to Airtel Money Wewole loans by JUMO menu. The menu displays 5 options:

   • To get a loan
   • To repay a loan
   • To check loan balance
   • To get info about the Wewole service
   • To view Key Terms and conditions

3. Select option 1. Get a loan

4. Enter the loan amount and submit

5. At this stage, the Wewole service will let you know if you qualify for the loan service or not

6. Next, choose the loan duration in which you will to pay back incase you qualify. and then submit.

7. Thereafter, a message will be sent to confirm that you have applied for a loan, and you have to wait for a while to get a notification telling you if you have qualified for a loan.

Airtel Money conducts a credit assessment before approving a loan application. Your transaction history and repayment behaviours determine the maximum loan amount you can borrow. However, an acceptable transaction record and timely payment history can also improve your approval process and access to more loans in the future.

At the moment you cannot get a loan via the airtel money mobile app

Interest rate and repayment terms:

All the loans one acquires through Airtel Money’s service attract some interest rate that depends on the loan’s amount and the period one chooses to pay. Also, each loan has a specific period within which one must repay the loan.

How do i repay the airtel money loan?

To repay your loan,

1. simply dial *185*8*1# to access the Airtel Money Wewole Loans menu.

2. From there, select option 2 to repay the loan.
3. Follow the prompts to choose whether you want to pay the full amount or make a partial payment.

What happens if you fail to pay the airtel money wewole loan ?

In the event one fails to pay the loan within the agreed period, one has to pay an additional amount on top of the original amount. In some cases, specific penalties apply under the same case. It is advisable to read and understand the terms and conditions issued with each loan before proceeding to acquire the same.

Conclusion

To sum up, Airtel Money's loan service offers a convenient and effective way for people to access financial help quickly. By going through the application process, fulfilling the criteria, and grasping the terms and conditions, borrowers can wisely decide on their financial requirements. It is important to borrow responsibly and prioritize making timely repayments to steer clear of unnecessary financial stress

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Ooh, if you are interested in obtaining low-interest loans from savings groups, you can download the Pesasave app from the Google Play Store