Similar to Safaricom’s/Mpesa’s “Fuliza”, USSD Credit Card is a Revolving Credit Facility in which you will be given a credit limit from which you can withdraw the amount he needs at his/her liberty. Any unutilized amount or repaid amount shall be used for further withdrawal by the client.

Example

If you have been given a credit limit of Sh. 20,000 and you withdraw Sh.5,000, the amount available for further withdrawal is Sh.15,000. Interest will accrue on the outstanding Sh.5,000. If the you pays say Sh.3,000, the available limit for withdrawal shall be Sh. 3,000 (the repaid amount) +Sh.15,000 (the initially available amount) = Sh.18,000. The amount that shall accrue interest is the remaining Sh. 2,000 (Sh.5,000 – Sh.3,000) and the cycle continues on and on until the client pays off the facility.

To access this Service, you need to meet the below criteria:

• You need to be an existing Momentum Credit Limited client.
• You must have paid at least three instalments.
• Your instalment repayments must be up to date.
• Your valuation must be valid - Your vehicle’s valuation shall be valid for 9 months after which you will be required to undertake another valuation of the vehicle.
• Your Insurance must be valid - You shall successfully access this Service as long as your vehicle’s insurance expires in 30 days or more. If your vehicle’s insurance is expiring in less than 30 days, you will be required to renew your insurance so that you can continue enjoying this Services.

Yes. At the moment, this Service is only available to Momentum Credit Ltd clients. For more information on being a Momentum Credit Ltd client , please call 0709434434.

For you to know that you qualify for this service, you need to receive a pre-qualification text from Momentum Credit Ltd informing you that you have qualified for the Service and the amount/limit qualified for

Upon pre-qualification and subsequent receipt of the pre-qualification message, the offer shall be valid for 30 days.