Application Fees for Wakala Songesha with M-Pesa service

Application Fees for Wakala Songesha with M-Pesa service


Daily Service Fee: (0.1% of the outstanding balance)After you use Wakala songesha service be sure to repay your debt within one day (Until 12 noon the next day). For each day passes without repaying the amount you owe, you will be charged 0.1% of your outstanding amount. This rate will be charged daily for 30 days, after that the amount will be offset with your commission account.

Tariff Band(Tsh)               Service Fee
1 – 2,999                                     18
3,000 – 3,999                             28
4,000 – 4,999                            40
5,000 – 9,999                            50
10,000 – 19,999                     85
20,000 – 39,999                     110
40,000 – 49,999                     115
50,000 – 99,999                     155
100,000 – 199,999                     225
200,000 – 299,999                     313
300,000 – 399,999                     420
400,000 – 499,999                     500
500,000 – 599,999                     600
600,000 – 799,999                     750
800,000 – 1,500,000             800
1,500,001 and Above.             1000

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