HF Whizz Loan App is a Housing Finance Corporation product and a stable hfc mobile loan provider in Kenya.
They developed the app to make customers’ banking experience appealing by eliminating long transaction processes.
The app allows customers to perform functions such as paying for bills, purchasing items, and airtime in a ‘Whiz.’ For this reason, it was named the Housing Finance Whiz or HF Whiz.
Also, this app allows customers to borrow loans from Housing Finance.
The loans applied are processed within short periods, and money is sent to the User’s accounts.
This reason is why they have introduced the mobile loan app to you as the HF Whizz Loan App.
In this article, I have broken down the features of this app and the necessary procedures for using it. I have outlined the registration, borrowing, and repaying of the loan.
Table of Contents
How do I register on HF Whizz?
To register on HF Whizz App, you do not need to have a physical account with the Housing Finance Bank. As long as you have an ID card, you can use the Whizz App.
To register on the app, you should download it, install it on your device, and create your account. Your account is where you will be conducting your transactions.
How to Download & 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 up and running in a ‘Whizz.’
Applying for a loan on the HF Whizz app
Once you have completed the registration, the app requires that you 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 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 carry out 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 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.
