Here is a step by step Hustler Fund loan application process below, which is meant to help borrowers easily access the facility from the Kenyan government.
You don't need hustler fund loan application form to access loans. Everything is done via a mobile phone device.
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Hustler Fund Loans - Requirements, Interest Rates, Loan Limits
You will be approved for a minimum of sh. 500 and a maximum of sh. 50,000 for a personal loan.
The amount however can be higher than sh. 50,000 if you're in a group,cham, or running a SME. The maximum Hustler Fund loan overall is sh. 100 million.
Hustle loans interest rate is 0.002% per year which is over 500% lower than conventional lenders.
No security, no guarantors and no CRB checks are done for a hustler fund loan approval.
Steps ; How to apply for Hustler Fund Loans via USSD code
To apply for a personal loan from Hustler Fund, follow these steps;
- Dial USSD Code *254#
- Enter your ID number
- Enter your preferred hustler fund PIN
- Complete registration
- Hustler Fund will give you a loan limit
- Now apply for the loan
Approved hustler loan will be disbursed to the borrower's M-Pesa account, Airtel money account or T-Kash account depending on the customer's network.
Steps : how to apply for Hustler Fund Loans via app
To get loans via hustler fund loan app, follow the steps below;
- Download MPesa App or Airtel money app or T-KASH app
- Go to Hustler Fund mini app
- Register your account
- App will give you a loan limit
- Now apply for the hustler fund loan
Approved loans will again be delivered to the borrower's M-Pesa account, Airtel money account or T-Kash account depending on the customer's network.
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