KCB Bank Kenya Limited Masomo Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
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KCB Bank Kenya Limited

Easy Apply
Ksh100k - 4M
6 months - 2 years
Interest Rate
13% annualised
Total Cost Including Institution's Other Fees
16.5% annualised, year one
Requires at least 3 months active account history
visit website
Easy Apply

Loan Type

Unsecured Loans

* Processing Fees and Excise duty are only applied to year one. For loans longer than one year, your annual cost from year two onwards will be 13.54%

Total Cost Breakdown (Loan Fees):

  • Interest Minimum: 13%
  • Interest Maximum: 13%
  • Processing fee: 2.5%
  • Insurance Fee: 0.54%
  • Withdrawal Fee: None
  • Late Fees: None
  • Other Fees: 20% Excise Duty on Processing fee

Disbursement Details:

  • Institution Type: Commercial Bank
  • Application Method: Paperwork
  • Disbursement Method: Bank Account

Repayment Details:

  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Repayment Method: Auto-deductions

Eligibility Requirement:

  • Smartphone: Not required
  • CRB: Must be in Good standing
  • Income: No minimum
  • Employment: Not Required
  • Network: Not required
  • History: Active account for 3 months


  • Proof of income,
  • National ID,
  • 3 pay-slips,
  • KRA Pin,
  • Application Form filled and signed
  • T&C Links

How to Apply

Money254 Review


  • Available to self-employed with regular income
  • Competitive Processing fee (2.5%)
  • High maximum Loan limit (up to 4 million)


  • Must have an active account for 3 months
  • Strictly an education loan

See more Personal Loans available in Kenya on Money254

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How to Apply for KCB Masomo Loan, App, Repayment, Fees, Contacts

The KCB Masomo loan is a product of a partnership between the Kenya Commercial Bank and the Higher Education Loans Board (HELB) that targets those pursuing undergraduate and postgraduate studies in accredited institutions of higher learning in Kenya.

Who Is Eligible For KCB Masomo Loans?

KCB Masomo Loan Limits and Interest Rates

How to Apply for KCB Masomo Loan

KCB Masomo Loan Repayment

KCB Masomo Loan Contacts

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