Paga Overdraft


What is Paga Overdraft?
An overdraft that allows you to transact up to a certain amount even when you do not have enough money in your account to cover the transaction.  
Thu, 16 Jun, 2022 at 9:59 AM
What do I do to get an Overdraft?
To be eligible to get an overdraft, you must be an Agent for at least one year, be consistently active for the past six (6) consecutive months, Maintain a p...
Thu, 16 Jun, 2022 at 9:59 AM
What can I use Overdraft for?
You can use overdraft to fund transactions that require you to have funds in your Paga account such as money transfer, deposit to bank, bill payments, airti...
Thu, 16 Jun, 2022 at 10:00 AM
When am I suppose to pay back overdraft used?
You are required to pay back the full amount borrowed within 48 hours excluding public holidays.
Thu, 16 Jun, 2022 at 10:01 AM
When can I use Overdraft?
You can use overdraft while waiting for your account to be credited after depositing funds into your Paga account. When you try to perform a transaction in ...
Thu, 16 Jun, 2022 at 10:01 AM
Is there a fee for using Overdraft?
Yes, Please note that a daily usage fee of 0.3% is charged only on the amount borrowed. The full amount borrowed must be repaid within 48 hours to avoid bei...
Thu, 16 Jun, 2022 at 10:02 AM
Will I be penalized for not paying back after 48 hrs?
You will be charged a penalty of 0.15% of the overdraft used every 24 hours. If you fail to pay back subsequently in the same month other measures such as d...
Thu, 16 Jun, 2022 at 10:02 AM
How do I pay back the Overdraft used?
Please note that you can always repay the overdraft earlier than the 48 hours maximum time limit by manually initiating a repayment. Simply follow the step...
Thu, 16 Jun, 2022 at 10:03 AM
How do I request for Overdraft?
Simply contact the Paga staff covering your area. You will be required to fill out an overdraft request form. However, you must be at least on “Star categor...
Thu, 16 Jun, 2022 at 10:04 AM
How long does it take to approve Overdraft request?
Processing of request usually takes up to 5 work days excluding public holidays. Note that approval is at the sole discretion of Paga.
Thu, 16 Jun, 2022 at 10:06 AM