How to Get a Loan from KCB M-pesa

KCB Mpesa mobile loans offer quick and easy access to funds ranging from Ksh 100 to Ksh 1,000,000 with one month repayment period. Loans are approved within minutes at interest rates of 8.93%. You can also take multiple loans within your limit. To check your limit, dial *844# or use My Safaricom app. Learn more on the KCB Mpesa website.

Disbursement Details

How to Access/Register for KCB Mpesa Mobile Loans

Screenshot of MySafaricom App in Play Store

Via USSD: Dial *844# and follow the prompts.
Via App: Download the My Safaricom app from the Google Play Store or the Apple App Store.

How to Check Your KCB M-PESA Loan Limit

Go to the M-PESA menu on your phone.
Select “Loans and Savings.”
Choose “KCB M-PESA.”
Select “Loan.”
Select “Check Loan Limit.”

How to Apply for the Loan

Go to the M-PESA menu on your phone.
Select “Loans & Savings.”
Select “KCB Mpesa.”
Select “Loans” and then “Request Loan.”
Enter the desired loan amount.
Enter your M-PESA PIN and submit.

The loan will be deposited to your KCB M-PESA account. To access the loan, move the money to your M-PESA. It is free to send and withdraw money to M-PESA from KCB M-PESA.

Total Cost Breakdown (Loan Fees)

Processing Fee: included in the interest rate
Interest Rate:8.93%
Insurance Fee: included in interest fee
Withdrawal Fee: Free from KCB to your Mpesa account. Withdrawal from Mpesa, Mpesa charges apply.
Late Payment Penalty: none

Repayment Details

How to Repay Your KCB Mpesa Loan

Using Safaricom Toolkit

Go to the M-PESA menu on your phone.
Select “Loans and Savings.”
Choose “KCB M-PESA.”
Select “Pay Loan.”
Choose to pay from M-PESA or from your KCB M-PESA account.
Enter the amount and follow the prompts to complete.

Using M-PESA Paybill 522559

Go to the M-PESA menu.
Select “Lipa na M-PESA.”
Select “Paybill.”
Input 522559 as the Business Number.
Enter your Borrower’s ID number (e.g., 12345678) as the Account Number.
Enter the amount and follow the prompts to complete.

Eligibility Requirements

You must be a registered Safaricom M-Pesa customer
Have an active Safaricom Mpesa account for at least 6 months
Hold a valid Kenyan ID, Kenyan passport, Alien ID, Diplomatic ID, or Military ID
Must be over 18 years of age
Regular deposits in your KCB or Mpesa account