Standard Life Rwanda Plc is a digital microfinance institution that offers digital loans and provides flexible, cashless ways to exchange money with clients. This means that once a client applies for a loan, the funds are disbursed through the method they choose, either via bank transfer or mobile money.
To repay the loan, Standard Life does not accept cash payments. Instead, clients can repay their loans directly using mobile money or a bank card.
How can you repay your loan directly using a MoMo wallet linked to your account?
Repaying your loan using a MoMo wallet linked to your account is easy. Simply follow the step-by-step instructions until the process is complete. If you encounter any difficulties, here’s a clear guide to help you successfully repay your loan:
1. Open the Standard Life Digital Application: Log in to your account using your provided telephone number and account password.
2. Locate the View Loan Button: On the landing page after logging in, find the "View Loan" button (as indicated in the image below) and click on it. This will take you directly to the loan page.
3. Repay Your Loan: On the loan page, you will see your active loan. Click on the "Repay Loan" button to proceed.
4. On the next screen, enter the amount you want to pay on your loan. You can either pay the full amount or make a partial payment. Then click the "Continue" button to proceed.
5. Choose Repayment Method: Select your preferred repayment method. Since you want to use your MoMo wallet, choose "Mobile Wallet" as shown by the red arrow in the image below, and click "Continue."
6. Review Transaction: Review the transaction summary, including the amount you wish to repay. Then click "Continue" to proceed.
7. Select MoMo Wallet: It’s possible to have multiple Momo Wallets linked to your account. Now, select the wallet you want to use for the repayment.
8. Confirm Transaction: Please enter your Standard Life Rwanda PLC transaction PIN to confirm your repayment.
9. In the prompted screen enter the transaction number (Enter 1) and click on send to proceed
10. Enter Mobile Money PIN: Please authorize the transaction by entering your PIN to deduct funds from your MoMo account and repay your loan with Standard Life Rwanda.
If you encounter any issues or blockers during the payment process, contact us at Support number: +250788195000 / +250794426634.
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