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
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
Representative Example of Loan Costs
Below is a representative example of the loan costs for different loan amounts:
| Loan Amount (Ksh) | Loan Cost (Ksh) | Total Repayment (Ksh) |
| 1,000 | 89.30 | 1,089.30 |
| 5,000 | 446.50 | 5,446.50 |
| 17,000 | 1,518.10 | 18,518.10 |
Alternative Lenders to Consider
