Platinum Credit is a well-known microfinance company in Kenya that provides a variety of financial products, including personal loans, SME loans, logbook loans, landlord loans, and more. With a focus on quick and accessible credit solutions, it serves thousands of clients across the country. For those with a loan from Platinum Credit, repaying via M-Pesa is one of the most convenient methods available. This guide outlines the simple steps to follow when paying off a Platinum Credit loan using M-Pesa.
Step-by-Step Guide to Repaying a Platinum Credit Loan via M-Pesa
To make a loan repayment through M-Pesa, you can easily complete the process in just a few steps. Here’s how:
- Open your M-Pesa Menu
- On your mobile phone, navigate to the M-Pesa menu, which is available through the SIM toolkit or the Safaricom App.
- Select Lipa na M-Pesa
- From the M-Pesa menu, select the “Lipa na M-Pesa” option. This is the service that allows you to pay for goods, services, and bills directly from your M-Pesa account.
- Choose Paybill
- Under the Lipa na M-Pesa menu, select the “Paybill” option. This allows you to pay businesses using a unique business number.
- Enter Platinum Credit Paybill Number (810902)
- The business number for Platinum Credit is 810902. Enter this number carefully to ensure that your payment goes to the right place.
- Enter Your ID Number as the Account Number
- In the “Account Number” field, enter your National ID number. This serves as the reference for your loan account, so Platinum Credit can track your payment.
- Enter the Amount
- Specify the amount of money you would like to repay. Make sure you have sufficient funds in your M-Pesa account to complete the transaction.
- Confirm the Transaction by Entering Your M-Pesa PIN
- Enter your M-Pesa PIN to authorize the transaction. Double-check all the details before confirming to avoid any errors.
- Receive a Confirmation Message
- Once the transaction is successful, you will receive an SMS confirmation from both M-Pesa and Platinum Credit. Keep these messages as proof of payment.
Why M-Pesa is the Ideal Payment Method
M-Pesa has revolutionized mobile payments in Kenya, and it’s the preferred method for many people when it comes to managing financial transactions, including loan repayments. Paying your Platinum Credit loan via M-Pesa offers several advantages:
- Convenience: You can repay your loan anytime, anywhere, without the need to visit a physical branch or agent.
- Speed: Payments are processed almost instantly, with immediate confirmation.
- Security: M-Pesa’s secure platform ensures that your payments are protected.
- Ease of Use: The step-by-step process is simple and can be done in a matter of minutes.
Platinum Credit Contact Information
If you experience any issues during your loan repayment process or need more information, you can contact Platinum Credit through the following channels:
- Phone: 0709 900 000, 0730 900 000
- Email: online@platinumcredit.co.ke
These contacts can assist you in resolving any concerns related to your loan account, payments, or general inquiries.
Paying off your Platinum Credit loan through M-Pesa is an efficient and reliable method that saves time and offers convenience. By following the straightforward steps outlined above, you can ensure that your loan payments are made on time and without any hassle. M-Pesa continues to be a dominant force in Kenya’s financial landscape, and its integration with loan repayment services like Platinum Credit further simplifies money management for consumers.
With the growing need for accessible financial services, Platinum Credit continues to offer a wide range of products to suit different needs, making the loan repayment process as smooth as possible through innovative solutions like M-Pesa.
