In this article, I will guide you on how to pay Mogo loan via M-PESA in Kenya. Build a good credit score by never missing on your loan payments.
What is Mogo?
MOGO Kenya is a financial technology company that provides affordable financing options for used cars, logbook loans, Tuk Tuk, and Boda Boda loans for Kenyans. MOGO Kenya is a subsidiary of Eleving Group, an international FinTech company that operates in 15 countries on three continents. Mogo Kenya has also ventured into the financing of smartphones.
How to Pay Mogo Loan via M-PESA
Mogo Kenya does not accept cash payments. All loan payments are to be paid to the Paybill Number 7034211, and your car or boda boda registration number plate as the account number.
Steps on how to pay Mogo loan via M-PESA:
- Go to your MPESA Toolkit
- Choose Lipa na MPESA and then the Paybill option
- Enter the Mogo Paybill Number 7034211
- Enter your Boda Boda Number Plate as your Account Number.
- Then, enter your weekly installment amount to pay. You can also opt to pay on a daily basis.
- Enter your MPESA Pin
- Confirm all details are correct, then press send.
An alternative way on how to pay Mogo loan is using the USSD code *695#.
Dial *695# on your phone, select Make Payments and follow the prompts. You will receive an M-Pesa pop-up message requesting you to enter your M-Pesa pin and send.
Related: How to Pay Watu Credit Loan via M-PESA
Mogo Boda Boda Loan – Requirements
Requirements you must meet before you get a boda boda loan with Mogo:
- Present an Original National ID
- Provide a KRA Pin Certificate
- You must be aged between 20 years and 50 years
- 1 Guarantor required
- Pay a down payment of KES 15,000
- Provide a 6-month M-PESA statement
Boda Boda Loan Duration
Mogo Boda boda loans have a minimum duration of 52 weeks and a maximum of 104 weeks (2 years). You should make an effort to repay your boda boda loans within the given period or even earlier.
How to Check Mogo Loan Balance Online
You can check your Mogo Boda Boda loan balance by dialing the USSD code *695# and following the prompts. With the USSD code, you can check your loan balance and also use it to make payments.
Alternatively, you can check your Mogo Boda Boda loan balance by calling Mogo via their official number, 0768 469 112.
Boda Boda Models Available for Sale at Mogo Kenya
- Bajaj Boxer
- TVS
- Honda
- Captain
- Haojin
- Sonlink
- Yamaha
- Ranger
- Haojue
- Kifaru
- Tiger & many others
Mogo Customer Care Contacts
How to Contact Mogo Customer Care
How to contact Mogo Kenya in case you have any issues or queries:
- Phone Number: 0768469112
- Mogo WhatsApp: 0768469112
- Email: info@mogo.co.ke
- Emergency Line: 0719089999 (In case of an accident, theft, etc. Open 24/7)
- Instagram: Mogo Kenya
- Facebook: Mogo Kenya
How Long Does It Take To Get a Mogo Loan?
After applying online or at any Mogo branch, Mogo will review your application and documents within 24 hours. Once approved, your loan will be processed immediately.
What Is the Mogo Paybill Number Kenya?
The Mogo Paybill Number for paying your Mogo loan is 7034211. Use your car or boda boda registration as the account number.
Now that you know how to pay Mogo loan via M-PESA, build your positive credit score. Failure to pay your Mogo loan may lead to repossession of your asset, blaclisting by Credit Reference Bureau (CRB) for blacklisting, which may affect your ability to borrow from other lenders such as Tala, Branch, and Timiza.
Also, read: How to Pay Watu Credit Phones via M-PESA in Kenya
