The HF Whizz Loan App is a product provided by Housing Finance Corporation and is a reliable mobile loan provider in Kenya. It aims to enhance customers’ banking experience by eliminating time-consuming transaction processes. Customers can use the app to pay bills, buy items, and purchase airtime with ease. The app is aptly named the Housing Finance Whiz or HF Whiz. In addition, customers can apply for loans directly through the app, and these loans are processed quickly, with the money deposited into the user’s account in a short period.
This reason is why they have introduced the mobile loan app to you, the HF Whizz Loan App.
In this article, I have outlined the features of the app and the steps for registration, borrowing, and repaying loans.
How do I register on HF Whizz?
Registering for the HF Whizz App doesn’t require a physical account with Housing Finance Bank. You can utilize the app by simply having an ID card. To register, download and install the Whizz App on your device, and then create your account. Your account will serve as the platform for all your transactions.
How to Download and Install the Whizz App
- Go to google play store or App store.
- Type ‘HF Whizz App’ in the search box.
- Click the Install button.
How to create an account on HF Whizz
- Open the HF Whizz app on your device.
- Provide the required details. (Includes phone number and ID number)
- Input the verification code sent to you via SMS
- Set your pin
- The account is activated.
It only takes a few minutes for you to have an active account. Or we may say your account is running in a ‘Whizz.’
Applying for a loan on the HF Whizz app
Once you have registered, the app requires you to deposit a minimum of Ksh. 200 for your creditworthiness to be assessed. Although all loans attract up to a 10% total interest, the amount one can receive as a loan ranges between Ksh.1000 and Ksh.50,000.
Here is the process of applying for a loan from the HF Whizz App.
- Open the app on your device.
- Log in to your account.
- Select Loans
- Select the period of the loan
- Enter the amount you need (This should not exceed your Loan Limit).
- Choose a reason for the loan.
- Proceed
They will send the loan to the HF Whizz account. Therefore, you need to transfer the money to your Mpesa account for other transactions not supported by the app. To transfer, choose to send to Mpesa and complete the process. The loan period varies depending on the loan, but it does not exceed six months.
Repaying the loan on time contributes to a positive credit report and increases your loan limit. Also, transacting through the app increases your loan limit.
The procedure for repaying the loan is as follows.
Repaying your Loan
- Open the app on your device.
- Log in to the App
- Select Loans
- Select Repay loan
- Enter amount
- Proceed to refund using the HF Whizz account
If there is no money in your Whizz account, there is an option for you to pay via Mpesa. Upon selection, you will be prompted to enter your Mpesa pin to complete the process. You will receive a notification about your transaction from Whizz and Mpesa.
How do I deposit money into HF Whizz?
When you need to do a transaction but your HF Whizz account does not have enough money, you can deposit funds from Mpesa. To make the deposit, follow the procedure below.
- Go to the Mpesa menu.
- Select Lipa Na Mpesa
- Select PayBill
- Enter 100400 as the PayBill number
- and then key in your phone number as the account number
- Enter your Mpesa Pin and press okay.
You will receive a confirmation message from Mpesa and Whizz showing that the transfer is successful. Go to the app and select “contact us” at the top left corner when you need to consult the HF Whizz support team.
You can also reach support through the Whizz social media pages or contact them directly via the toll-free number 0800721400.
Now you know every necessary detail about the HF Whizz Loan App. You can use this app for any of your needs, including borrowing a loan when in need.
Other mobile loan apps include:
- Tala mobile loan
- Timiza loan from Absa
Honest, sufficient, easy and transparent