KCB Bank Kenya Limited Vooma Personal Loan Details

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

Vooma Loan
Amount
KES
1001
-
300000
Duration
1
months
-
1
months
Total Cost
6.91
%
-
6.91
%
per loan
Typically approved within
1
days
visit website

Loans Fees:

  • Interest Minimum: 6.91%
  • Interest Maximum: 6.91%
  • Processing fee: None
  • Insurance Fee: None
  • Withdrawal Fee: None
  • Late Fees: 5%, flat
  • Other Fees: None

Disbursement Details

  • Institution Type: Commercial Bank
  • Application Method: Digital
  • Disbursement Method: Vooma Wallet/ Bank Account

Repayment Method:

  • Repayment Frequency: Bullet
  • Early Repayment: Allowed
  • Repayment Method: Bank Transfer

Eligibility Requirement:

  • Smartphone: Not Required
  • CRB: Must be in good standing
  • Income: No minimum
  • Employment: Not required
  • Network: No requirement
  • History: Active account for 6 months
  • Documents: National ID
  • T&C Links

Money254 Review

Pros:

  • Application by App or USSD
  • Fast approval time (within 24 hours)
  • Loan limit grows over time

Cons:

  • Must have an Active Account for 6 months to access
  • No discount for early repayment

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