KCB M-Pesa Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
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KCB M-Pesa

KCB M-Pesa
Easy Apply
Ksh1k - 1M
1 month
Interest Rate
Total Cost Including Institution's Other Fees
7.50% per loan
Typically approved within 24 hours
visit website
Easy Apply

Loan Type

Unsecured Loans

Total Cost Breakdown (Loan Fees):

  • Interest Minimum: 7.50%
  • Interest Maximum: 7.50%
  • Processing fee: 0%
  • Insurance Fee: 0%
  • Withdrawal Fee: 0%
  • Late Fees: 8.75%,  Rollover
  • Other Fees: None

Disbursement Details:

  • Institution Type: Commercial Bank
  • Application Method: Digital
  • Disbursement Method: KCB M-Pesa

Repayment Details:

  • Repayment Frequency: Bullet
  • Early Repayment: Allowed
  • Repayment Method: M-Pesa

Eligibility Requirement:

  • Smartphone: Not Required
  • CRB: Must be in good standing
  • Income: No Minimum
  • Employment: Not required
  • Network: M-Pesa customer
  • History: 6 Months Mpesa account
  • Documents: National ID
  • T&C Links

Representative Example of Loan Costs:

  • Example Loan Amount: ksh100,000
  • Representative Loan Cost: 7.50%
  • Total Loan Repayment Amount: ksh108,850

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.

How to Apply

Money254 Review


  • Fast approval times (less than 24 hours)
  • High loan limit (up to 1m KES)


  • Low starting loan limit
  • No discount for early repayment

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How to Apply for KCB M-PESA Loan, Repayment, Fees, Contacts

KCB M-PESA loan is a mobile loan service created through a partnership between the Kenya Commercial Bank (KCB) and Safaricom’s M-PESA.

The loans are accessible from the Safaricom SIM toolkit, the MySafaricom app, and the recently launched M-PESA app.

Who Is Eligible For KCB M-PESA Loans?

KCB M-PESA Loan Limits and Interest Rates

How to Register For KCB M-PESA

How to Apply for Your First KCB - MPESA Loan

How to Make KCB M-PESA Loan Repayments

KCB M-PESA Fees and Penalties

Privacy and Permissions

KCB M-PESA Contacts

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