* 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

Disbursement Details:

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

Repayment Details:

• ‍‍Repayment Frequency: Monthly
• Early Repayment: Allowed
• Repayment Method: Check-off
  

Eligibility Requirement:

• ‍‍Smartphone: Not Required
• CRB: Must be in good standing
• Income: No minimum
• Employment: Required
• Network: Not Required
• History: Not Required

Documents :

• National ID,
• KRA Pin
• 6 Months Bank statement for non KCB Account holders,
• 3 Pay slips,
• Application form filled and signed
• T&C Links

Example Representative Pricing

• Loan Amount: ksh100,000
• Annual Interest Rate: 13%
• Processing Fee: ksh2500
• Excise Duty: ksh500
• Credit insurance: ksh850
• Loan duration: 12 months
• Estimated Monthly repayment: ksh8,932
  
• Estimated Total repayment amount: ksh110,721

This product is provided by KCB Bank Kenya Limited. KCB Bank Kenya Limited is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya

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How to Apply

Pro:

• High Maximum loan limit of Up-to 4 Million
• Long loan tenure of Up-to 6 years
• Competitive processing fees

Cons:

• Only available to MOU employees
• Disbursed amount lower than requested amount (Processing and Insurance fees deducted upfront)