KCB loans to M-PESA KCB-MPESA – are you looking for KCB loan to your m-pesa? we have compiled you all you need to know about KCB-M-PESA loan how to use and get loans directly to your M-PESA account in simple steps, KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank has also been running Agency banking model. There are many advantages of using KCB-MPESA loan app compared to other mobile loans app and they include;
The KCB M-PESA loan account is a micro-credit product which gives you access to a loan; may it be for an emergency, to fund a project or enterprise.
- Access loan limits from as low as Ksh.1000 and up to Ksh.1million
- Enjoy repayment period of one month
- Loan repayment can be made via M-PESA, or from the KCB M-PESA account
- You top up continuously until you achieve your target.
- You can deposit money into the target account through:
- M-PESA KCB M-PESA
- You can choose from target periods of 1 up to 12 months with a minimum contribution of KES 50.
- You earn interest on cumulative interest.
- Early withdrawal of funds from Target Savings is allowed subject to withdrawal of the entire amount saved. Total interest on savings will be earned to the day of the withdrawal.
- You get cash back immediately to your KCB M-PESA account on prompting cash back.
- Minimum target period is 1 month.
- Enjoy attractive Interest rates of 6.3% p.a. on your savings.
KCB loans to M-PESA KCB-MPESA
How to apply for KCB m-pesa loan in simple steps
- Go to M-PESA menu.
- Select loans & savings.
- Select KCB M-PESA.
- Select loans.
- Request loan.
- Enter amount.
- Enter M-PESA PIN & submit.
- Loan amount will be sent to your KCB M-PESA Account. To access the loan, withdraw the money to your M-PESA for FREE.
- The loan amount to be paid will be in inclusive of the facility fee.
How to qualify for KCB m-pesa loans
- Be an M-PESA subscriber for 6 months
- Save on KCB M-PESA
- Actively use other Safaricom services such as voice, data and M-PESA.
KCB M-PESA is a savings and loan service that enables M-PESA customers to;
- Save as little as Kshs. 1, and access credit from Kshs. 1000.
- Earn interest of up to 6.3% p.a. on your saving balance.
- Save for a fixed period of time
- Access loans instantly, credited to your M-PESA account from a minimum Kes 1000 and up to Kes 1million charged a facility fee of 8.64% being Loan fees of 7.35% and 1.29% Excise duty
No forms to fill, no branches to visit. Just one click on your phone and you have a savings account with access to instant loans!
How to check KCB m-pesa loan limit
- Go to M-PESA menu
- Select Loans and Savings
- Select KCB M-PESA
- Select Loan
- Select Check Loan Limit.
How to pay for KCB m-pesa loans
- Using Safaricom Toolkit
- Go to M-PESA menu
- Select Loans and Savings
- Select KCB M-PESA
- Select Pay Loan
- Select to pay from M-PESA or from your KCB M-PESA Account
- Enter amount & follow prompts to complete.
2. Using M-PESA Paybill 522559
- Go to M-PESA menu
- Select Lipa na M-PESA
- Select Paybill & Enter Business & enter 522559 as Business Number
- Select Account no. & enter “Borrower’s ID number e.g. 12345678’’
Enter amount & follow prompts to complete
How to withdraw or deposit your KCB m-pesa loans
- To deposit from M-PESA
- Access the KCB M-PESA menu.
- Select Deposit from M-PESA.
- Enter the amount and commit.
- Your M-PESA will be deducted and your KCB M-PESA Account credited with the amount.
2. To withdraw to M-PESA
- Access the KCB M-PESA menu.
- Select Withdraw to M-PESA.
- Enter the amount and commit.
- Your KCB M-PESA Account will be deducted and your M-PESA Account credited with the amount.
Email: contactcentre@kcb.co.ke;Tel: +254 (711) 087001; Tel: +254 (732) 187001; Tel: +254 (20) 2287000; SMS: 22522
