Payment Plans
When approving a payment request through Sevi, you can choose from the following payment options:
1. Weekly Pay (Pay Later)
- Split your repayment into weekly instalments.
- Each week, Sevi automatically collects the due amount from your Sevi wallet.
- You’ll receive SMS and push notifications before every collection date.
2. Direct Pay
- Pay the full payment amount immediately from your Sevi wallet or via M-Pesa.
- Works the same as a cash payment.
Things to Note
- Your repayment plan is shown clearly before you confirm a payment request.
- Late payments may attract additional fees.
- Consistently paying on time helps grow your credit limit.
Example
Suppose you approve a payment request worth KSh 3,000 under Weekly Pay:
- Sevi may apply a small risk or service fee.
- The remaining balance is spread across equal weekly instalments until the full amount is cleared.
tip
Choose the plan that best fits your cash flow:
- Direct Pay → best when you have enough funds in your wallet.
- Weekly Pay → best when you need to spread out repayment over time.