KCB M-Pesa Personal Loan Details

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

KCB M-Pesa
Amount
KES
1000
-
1000000
Duration
1
months
-
1
months
Total Cost
8.64
%
-
8.64
%
per loan
Typically approved within
1
days
visit website

Loan Fees

  • Interest Minimum: 8.64%
  • Interest Maximum: 8.64%
  • Processing fee: 0%
  • Insurance Fee: 0%
  • Withdrawal Fee: 0%
  • Late Fees: 8.64%,  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

Money254 Review

Pros:

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

Cons

  • 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

Learn more about Personal Loans available in Kenya on Money254

Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected. Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.

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