KCB MPESA Loan

KCB MPESA LOAN

KCB MPESA Loan account is a mobile based account offered exclusively to MPESA customers enabling you to:

• Access Mpesa loans at attractive low interest rates of 1.16% per month with a one off negotiation fee of 2.5%. The cost for the one month loan is 3.66% with excise duty applicable on fees.
• Save for a fixed period of time (Fixed Deposit Account) or save a little at a time for a set period (Target Savings Account) and earn interest of up to 7% p.a.
• Transfer money in and out of the KCB MPESA LOAN Account for FREE.

KCB Loan Application

• You can apply for the KCB Loan by accessing your Safaricom MPESA menu on your phone.
• Once on the menu select Loans and Savings
• There after select KCB MPESA and Activate.

KCB MPESA LOANS FEATURES

• Upon activating the account, you will be issued with a loan limit from where you can borrow instantly. MPESA Loans issued are deposited into the KCB MPESA LOAN Account.
• You can access loan limits from as low as Ksh. 50 up to Ksh. 1M.
• Enjoy loan repayment periods of 30 days.
• Loan repayment can be made through MPESA or from the KCB MPESA LOAN account.