Are you looking to pay your Stawika loan but don’t know how? This article provides a comprehensive guide on how to pay Stawika loan via MPesa paybill number and the Stawika USSD code.
Stawika is a digital lending mobile app that is based in Kenya. The app is a product of Stawika Capital Limited that offers instant mobile loans. You can download the Stawika Android app from the Stawika website, install it, register using your details, request a loan, and grow your Stawika loan limit.
How to Pay Stawika Loan
There are two ways you can use to pay your Stawika loan;
- Via MPesa Paybill Number
- Via USSD Code *872#
How to Pay Stawika Loan via MPesa
You can pay your Stawika loan via the Stawika Paybill number 830685. Follow these steps:
- Open your M-Pesa Toolkit on your phone
- Select “Lipa na M-Pesa“
- Choose the “Paybill” option.
- Enter the Stawika Paybill number 830685.
- Enter the M-Pesa number on which you received your Stawika loan as the account number.
- Enter the amount you would like to pay.
- Enter your M-Pesa pin.
- Confirm all the details are correct, and press “OK.”
How to Pay Stawika Loan via USSD Code *872#
Another easy way to initiate the repayment process for your Stawika loan is by dialing the USSD code *872# on your phone.
- Dial *872# on your phone (The phone number used to register for Stawika)
- Enter your Stawika PIN
- Select the loan option
- Then select Pay loan
- Enter the amount you wish to pay
- Follow the prompts
Related: How to Pay Tala Loan via MPesa
Stawika Loan Limit
With Stawika, you can borrow loans from as low as KES 500 to a maximum of KES 70,00. The Stawika interest rate on the principal amount (loan) is Twenty-One Percent (21%), and you will be required to repay the loan within Twelve (12) Months from the date of disbursement of the loan.
If you do not repay your loan in full within the loan term, Stawika will automatically roll over any outstanding amount in respect to the loan for a further period of twenty-one (21) calendar days until the loan is repaid in full.
As per the Stawika Terms and Conditions, for amounts below KES 5,000, a rollover charge of 1% will be charged daily on the outstanding loan amount from the 7th day of default until payment in full. The rollover charge may extend to a maximum of 10% of the outstanding loan amount should your default period extend beyond the 1st rollover term.
For amounts above KES 10,000, a rollover charge of 1% will be charged daily on the outstanding loan amount from the 11th day of default until payment in full. This rollover charge may extend to a maximum of 10% of the outstanding loan amount, should your default period extend beyond the 1st rollover term.
Alternatives to the Stawika Loan App
Stawika Contacts
You can reach Stawika customer care using the contacts below:
- Phone – 020 760 6556 or 020 760 6564
- Email – info@stawika.co.ke / support@stawika.co.ke
- X: Stawika
- Facebook: Stawika Capital Limited
FAQs
What is the USSD Code for Stawika?
The Stawika USSD Code is *872#. Dial the USSD code to pay your loan and access Stawika Loans and other offers.
What is the Paybill Number for Stawika?
The Stawika Paybill number for all loan repayments is 830685. Use your phone number linked with Stawika as the account number.
What Is the Email Address of the Stawika Loan App?
You can contact Stawika via email at info@stawika.com or support@stawika.com.
What Happened to Loan Apps in Kenya?
Recently, the Kenyan government has cracked down on loan apps operating illegally. The Central Bank of Kenya (CBK) enacted the Central Bank of Kenya (Amendment) Act, 2021. The Act allows CBK to license and regulate digital lenders in the previously unregulated digital lending space.
Additionally, in adherence to the Central Bank Amendment Act of 2021, Google banned unauthorized loan apps operating in Kenya from its Play Store, effective January 31, 2023. Google will require instant loan apps operating in Kenya to show evidence of the CBK license, failure to which they will be removed from the Play Store.
As a result, many of these apps have been shut down or have had to change their business practices. This has been a positive development for consumers, as it has made it more difficult for these apps to take advantage of borrowers. However, it has also made it more difficult for borrowers to mobile access loans, as fewer options are available now.
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