How to get a Watu Simu Loan in Kenya

Watu Simu loan is a popular product by Watu Credit, a financial services company that provides credit services through asset financing. It is a smartphone financing deal that operates like other products such as boda boda and car financing.

Upon paying the required deposit, a client is issued with a smartphone and then makes daily or weekly payments as agreed with the lender. After one is done paying for the product, they are given the right to own the smartphone without having it locked.

Owning a smartphone in Kenya and elsewhere has therefore been made easy by smartphone financing dealers such as Watu Credit.

In this article, we are going to discuss the process of getting a Watu Simu loan in Kenya, highlighting the repayment procedures and loan terms.

How to get a Watu Simu Loan in Kenya

Watu Simu offers Kenyans affordable and flexible financing options for a variety of smartphones. They provide funding for a limited number of Samsung Galaxy smartphones. The devices are covered by a 24-month warranty.

Requirements for Watu Simu Loan

To be eligible for phone financing, you must have the following:

  • A genuine National ID
  • No active loans with Watu.
  • You must be at least 18 years old.
  • A mobile money transaction line that is active
  • Contact information for the next of kin (the contact must be available/online for verification)
  • A minimum down payment for the chosen gadget

Read How to get an M-Kopa Smartphone loan in Kenya

The onboarding process for Watu Simu

The onboarding process takes about 20 minutes and consists of the following steps:

  • Visit any store that sells Watu Simu.
  • Choose any Watu-supported Samsung Galaxy smartphone.
  • Get your application pre-approved.
  • Pay the required deposit.
  • Allow 5-10 minutes for the verification procedure to complete.
  • Once verified, the phone will be activated and you will be able to leave with your new device!

Which phones are available for Watu Simu Financing?

The following phones are available for financing through Watu Simu:

  • Samsung Galaxy A03 Core
  • Samsung Galaxy A03
  • Samsung Galaxy A13
  • Samsung Galaxy A23
  • Samsung Galaxy A33

What is the Paybill Number for Watu Simu?

Pay Bill number: 650880

Account number: Borrower’s National ID number

Read, List of Smartphone Loan Providers in Kenya

How do I pay the watu simu loan

You can pay a watu simu loan by making a deposit on their paybill number according to the agreed contract. Make deposits to their paybill number [provided above] and feed in your ID number as the account number.

Why is my Watu simu phone locked?

The phone will be locked if your weekly payment is not made on time as per the loan agreement. Please make an instant payment to the following Pay Bill number: 650880 to unlock your phone.

If the device is not due for payment but is locked, it signifies it has been disconnected from an active internet connection or network for an extended length of time.

Contact the Watu Simu Customer Care staff at 0790 000 999 for further assistance.