Stawika Loan Application Complete Guide

Applying for a Stawika loan is simple and can be done entirely online. Here's how to apply for a Stawika loan

Dec 21, 2022 - 16:30
Jan 15, 2023 - 10:10
Stawika Loan Application Complete Guide
Stawika Loan Application Complete Guide

Stawika is a digital lending platform that provides quick and easy access to credit for individuals and small businesses in Kenya. The platform intends to help people manage their finances better and achieve their financial goals. Stawika offers a variety of loan products, including personal loans, group loans, and business loans, with flexible repayment terms and competitive interest rates.

In this article, we will take a closer look at the process of applying for a loan through Stawika, including the required documents, eligibility criteria, and steps involved. Whether you are an individual or a small business owner needing financial assistance, this guide will help you understand how to apply for a loan with Stawika and what to expect during the application process.

 Eligibility Criteria for Stawika Loans:

 To be eligible for a loan from Stawika, you must meet the following criteria:

  •  You must be a Kenyan citizen or have a valid Kenyan ID
  • You must be 18 years or older
  • You must have a regular source of income
  • You must have a functioning M-Pesa account

If you meet these requirements, you can proceed to the next step of the loan application process: gathering the necessary documents.

 Required Documents for Stawika Loan Application:

 The following documents are required to apply for a loan through Stawika:

  •  Valid Kenyan ID or passport

 Stawika Loan Amounts

Stawika gives Loan amounts that range from Ksh 500   to a maximum amount of Ksh 70,000. In return, during the repayment process, which is usually a month from the time of application, you will be subject to interest Fees of 7% to 21 % depending on the amount borrowed

One thing about the stawika App is that they will not charge you while processing your Loan. Just remember that the rollover fee is Ksh 10%

 Steps Involved in the Stawika Loan Application Process:

 The loan application process with Stawika is simple and convenient and can be completed entirely online. Here are the steps involved:

  • Visit the Stawika website/App and select the type of Loan you are interested in.
  • Register with the  Application and Log in
  • Check the Loan Limit
  • Apply for the Loan that applies to you based on your Loan Limit
  • Submit the information that you have just entered

 Wait for a response from Stawika, which will typically be received within 24 hours. If your loan application is approved, you will receive the Loan straight away in your Mpesa account. Once the loan agreement is signed and the down payment is made, the loan funds will be transferred to your M-Pesa account.

 Stawika Contacts

In case of an issue with your Loan Application or any related queries, you can always reach them via:

 Read Also; Mykes Loan App: Get Approved for a Personal Loan in Minutes, No Credit Check Required


 In conclusion, applying for a loan with Stawika is quick and straightforward, provided you meet the eligibility criteria and have the necessary documents. Following the steps outlined in this guide, you can easily apply for a loan through Stawika and receive the financial assistance you need to achieve your financial goals.

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Joseph Richard Joseph is a graduate of Mathematics and Computer Science (Applied Option). With expertise in Technology and Finance, he brings his knowledge to the field, demonstrating an authoritative understanding of these interrelated areas. Joseph is pursuing a Master's in Software Engineering, further expanding his skill set.