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KCB and Mpesa have partnered to offer loans for their customers in Kenya. The loan amount range between Ksh 50 and Ksh 1 million and repayment period is 30 days.
The interest rate for the loan is 7.5% per annum.
How to borrow a KCB M-PESA loan.
- Go to M-PESA menu
- Select loans & savings
- Select KCB M-PESA
- Select loans
- Request loan
- Enter amount
- Enter M-PESA PIN & submit.
You will receive the loan in your Mpesa account.Proceed to withdraw the amount for your own use.
Benefits of the loan
- Upon activating the account, you will be issued with a loan limit from where you can borrow instantly. Loans issued are deposited into the KCB M-PESA Account.
- You can access loan limits from as low as KES. 50 and up to KES. 1 Million.
- Enjoy repayment periods of 30 days.
- Loan repayment can be made via M-PESA or from the KCB M-PESA account.
KCB Mpesa loan has one of the lowest interest rates in Kenya.With repayment period of 30 days, you are able to apply for a loan of even Ksh 1 million and boost your business.
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