Are there things you can do to increase your mobile loan limit? definitely!
Most people often complain that they don’t know why their loan limit hasn’t increased or they never go beyond 2k. Contrary to belief, mobile loan provider services are NOT manually operated but are vastly dependent on sophisticated and automated systems that can handle a large number of clients at a particular time. So in case you do not qualify for a mobile loan, do not take it personally….it’s just the system.
1. Use mobile payments frequently
Many mobile carriers offer a wide range of mobile payment services e.g M-PESA, Lipa Na M-PESA etc
Ensure you frequently use these services whether buying airtime credit or paying for goods or services. Doing this enables you to leave behind transaction trails in the system database that proves that you actually use that particular service.
2. Do not delete mobile payment SMS messages
Whenever you receive or send money via any mobile payment service (Mpesa, Airtel Money, Orange Money etc) do NOT delete the messages.
This goes for when you purchase airtime or pay for goods and services via these platforms.
3. Activate your social media status
In this digital age, it would be almost criminal to lack any online footprint of your existence. Being in social networks e.g Facebook and Twitter pose a great advantage because most loan apps require one to link the app with Facebook in-order to make one eligible for a loan via the app.
4. Invest in a reliable smartphone device
It is great to keep up with the ever changing trends of technology. However, do not misinterpret us. We are not telling you to buy the most expensive and latest phone or tablet in-order to stay technologically relevant.
Try and invest in a low budget smartphone preferably an android phone to be on the safe side because most loan apps require a compatible smartphone as a pre-requisite to enable you access a loan via their app.
5. Earlier loan repayments
Like we said earlier, mobile loan provider services are mostly run by automated systems. The nicer the trail you leave in their database, the nicer they will ‘treat’ you.
6. Request for a loan occasionally Advertisements
Requesting for a loan and making early repayments increases your digital footprint in their system, thereby increasing your creditworthiness thus providing you access to a much larger loan amount in the future
7. Save frequently
Although this may not be applicable to loan apps, it definitely applies to loans offered directly by carrier operators e.g Mshwari. As they usually say, “The more you save, the more your chances of increasing your loan amount.”