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M-PESA Loans – KCB Bank

This is a mobile based account offered to M-PESA customers enabling you to: Access loans at attractive low interest rates of 1.08% per month with a one off negotiation fee of 2.5%. The cost for the one month loan is 3.83% including excise duty applicable on fees. Save for a fixed period of time (Fixed Deposit Account) or save a little at a time for a set period (Target Savings Account) and earn interest of up to 6.3% p.a. Transfer money in and out of the KCB M-PESA Account for FREE.

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M-PESA Loans – KCB Bank

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  1. M-PESA Loans – KCB Bank M-PESA Loans – KCB Bank This is a mobile based account offered to M-PESA customers enabling you to: Access loans at attractive low interest rates of 1.08% per month with a one off negotiation fee of 2.5%. The cost for the one month loan is 3.83% including excise duty applicable on fees. Save for a fixed period of time (Fixed Deposit Account) or save a little at a time for a set period (Target Savings Account) and earn interest of up to 6.3% p.a. Transfer money in and out of the KCB M-PESA Account for FREE.  Access through the M-PESA menu  Select Loans and Savings  Select KCB M-PESA and Activate What are the requirements to have a KCB M-PESA Account?  Be a registered and active Safaricom M-PESA customer. What are the interest rates on loans?  1.08% per month with a one off negotiation fee of 2.5%. The cost for the one month loan is 3.83% including excise duty applicable on fees.

  2. How do I check my loan limit?  Access the M-PESA menu  Select Loans and Savings  Select KCB M-PESA.  Select Loan.  Request Check Loan Limit. How do I get a loan from KCB M-PESA Account?  Access the M-PESA menu.  Select Loans and Savings.  Select KCB M-PESA.  Select Loan.  Request Loan.  Enter amount.  Enter your M-PESA PIN  Loan amount will be sent into your KCB M-PESA Account less the interest charged which is deducted upfront.  To access, the loan, go to KCB M-PESA menu and select Withdraw to M-PESA. How do I pay my KCB M-PESA Loan?  Access the M-PESA menu.  Select Loans and Savings.  Select KCB M-PESA.  Select Pay Loan.  You can pay from M-PESA or from your KCB M-PESA Account. I cannot access a KCB M-PESA loan. What are some of the reasons for this?  You have been listed with the Credit Reference Bureau

  3.  You already have an existing KCB M-PESA loan  You have a low credit rating. How do I grow my loan limit?  Increase activity on your KCB M-PESA Account by moving money in and out of your Account.  Increase savings on your KCB M-PESA Account.  Increase usage of M-PESA services. How do I deposit or withdraw money into or out of the KCB M-PESA Account?  Money in and out of the KCB M-PESA Account is ONLY available through M- PESA.  To deposit from M-PESA  Access the KCB M-PESA menu.  Select Deposit from M-PESA.  Your M-PESA will be deducted and your KCB M-PESA Account credited with the amount.  To withdraw to M-PESA  Access the KCB M-PESA menu  Select Withdraw to M-PESA  Your KCB M-PESA Account will be deducted and your M-PESA Account credited with the amount.

  4. How do I check my account balance?  Access the KCB M-PESA menu  Select My Account  You can check your account balance or request for a Mini Statement. Contact Us Email: contactcentre@kcbgroup.com Tel: +254 (20) 3270000 Tel: +254 (732) 187000 Tel: +254 (711) 087000 SMS: 22522

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