Ethio telecom Telebirr Loan Service

Requirements to Access Telebirr Loans

To qualify for a Telebirr loan, you’ll need:

1.An active Telebirr account with an Ethio Telecom mobile number, registered with KYC details (e.g., a valid ID like a Kebele ID, passport, or driver’s license, plus a recent photo).

2.For some loans, like the Dildiy merchant loan, at least three months as an active merchant or agent.

3.No history of fraud or overdue loans with Ethio Telecom.

4.For merchant loans, a signed contract with Ethio Telecom and possibly a renewed business license and TIN.

5.For specific loans like Enderas or Mela Medaresha, your salary must be paid via Telebirr (common for partnered institution employees).

These ensure the service stays secure and reliable.

How to Get a Telebirr Loan

Getting a loan is simple:

1.Download the Telebirr app from Google Play, the App Store, or Ethio Telecom’s app store. Register with your mobile number, verify it via SMS to 127, and set up your profile.

2.Open the app or dial *127#, log in with your PIN, and go to the loan section.

3.Pick your loan type—overdraft, microloan, or a specialized option like Mela or Enderas—based on your eligibility.

4.Apply by following the prompts, reviewing terms (repayment periods and fees), and accepting the agreement.

5.Once approved, funds hit your Telebirr account as E-Money, ready to use instantly.

No bank visits needed unless a physical contract is required.

Three Key Things to Know

1.Repayment Terms: Loans range from 1 day to 60+ days, with strict deadlines—late payments may mean penalties.

2.Facilitation Fees: Expect fees like 4% for a 10-day loan or 21% for a 60-day loan—check your specific terms.

3.Usage Rules: Loans are for legitimate purposes only; misuse can suspend your account.