Click the Mpesa menu. Just enter your email address and name below to be the first to know.
Get the loan at a rate of 7.5% and with a one-month repayment period. KCB Mpesa loan works by allowing M-Pesa customers to borrow money from KCB Bank, and they will pay back at an interest rate determined by the bank.
1M. Read also on how to increase your loan limit. When the activation goes turns successfully, you will receive confirmation text detailing your loan limit as per your financial status as well as your loan credibility. It is advisable to read through and understand the terms and conditions of operating a KCB MPESA account before even registering for one. 30 day loan at 6% per month 90 day loan at 5% per month To be eligible for the KCB Mpesa loan doesn’t require any paperwork or doesn’t have complicated procedures. As a result, the sector of mobile micro-loans is becoming increasingly profitable for banks and non-bank firms that have raised billions of shillings for loans, perhaps driven by the lack of loan charges caps, unlike traditional bank loans. Your loan limit is the only factor considered as you borrow, making it perfect for urgent loans. The deposits do not need to be less than Ksh. If the terms are unacceptable, then you can simply decline for its use. First, when one request a loan that requires a longer period before payment is due the interest rates are quite steep. In today’s guide, we will show you how KCB Mpesa works. It is time to withdraw the money into your Mpesa account. That is how KCB Mpesa Loan works.
KCB MPESA is a mobile based account exclusively offered to MPESA customers who have use their Safaricom line for a period of six months among other terms and conditions. Loan repayment can be either through the KCB MPESA account or MPESA. The following are the benefits of the KCB Mpesa account: Borrowing can be done immediately without saving. Safaricom and KCB Bank are the companies that are behind this venture that allows their customers to save and borrow money at their convenience by simply using their phones. To be granted a loan no security is required. KCB MPESA Loan limit ranges from kes. We have no doubt your friends will love our newsletter as much as you! 1 million. Click request Check Loan Limit. The re-engineered framework, which also provides enhanced savings items, comes with enhanced features. The KCB M-PESA account is a virtual mobile based bank account that is offered exclusively to M-PESA registered customers allowing them to borrow small loans between Kshs.50 and Kshs.1M depending on the customer’s credit scoring. Read this: How To Reverse Mpesa Transaction. KCB M-PESA transaction limits have been increased as follows; Deposit into KCB M-PESA savings from KES 70,000 to KES 150,000; Withdrawal from KCB M-PESA Savings from KES 70,000 to KES 150,000 ; Benefits. To get a KCB M-pesa loan account, you will need to: NB: you will receive a confirmation message from both the KCB M-pesa Account and M-pesa.
We are here to help you with everything you need to know about Mpesa in Kenya and other countries. Select the preferred time (1, 3or 6 months).
50 to kes 1 million whereby the limit increase subject to early or on time payment of the previous loan and increase in savings. Dial USSD code *844# and enter KCB M-PESA PIN.
To check your KCB loan limit follow these steps; Go to your mobile phone Sim Toolkit. Please choose the proper subscription http://openweathermap.org/price, How to Get KCB MPESA Loan – Financing Made Easier, KNP gate quotas in force during September holiday. How to register, sign up and how to get KCB MPESA loan from the KCB MPESA loan account: Get to the MPESA menu and select loans and Savings. More Information.