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KCB MPESA Loan Application – HOW TO

  • Access the MPESA menu.
  • Select Loans and Savings.
  • Select KCB MPESA.
  • Select Loan.
  • Request Loan.
  • Enter amount.
  • Enter your MPESA PIN
  • Loan amount will be sent to your KCB MPESA LOAN Account less the interest, negotiation fee and excise duty which is deducted upfront.
  • To access, the loan, go to KCB MPESA menu and select Withdraw to MPESA.

Frequently Asked Questions

Loan Eligibility for a KCB MPESA LOAN

  • You must be a registered and active Safaricom MPESA customer.

What are the interest rates on the MPESA loans?

  • 16% per month with a one off negotiation fee of 2.5%. The cost for the one month loan is 3.66% with excise duty applicable on fees.

How to check your KCB MPESA Loan limit?

  • Access the MPESA menu.
  • Select Loans and Savings.
  • Select KCB MPESA.
  • Select Loan.
  • Request Check Loan Limit.

How do I get a loan from KCB MPESA LOAN Account?

  • Access the MPESA menu.
  • Select Loans and Savings.
  • Select KCB MPESA.
  • Select Loan.
  • Request Loan.
  • Enter amount.
  • Enter your MPESA PIN
  • Loan amount will be sent into your KCB MPESA Account less the interest charged which is deducted upfront.
  • To access, the loan, go to KCB MPESA menu and select Withdraw to MPESA.

How do I pay my KCB MPESA Loan?

  • Access the MPESA menu.
  • Select Loans and Savings.
  • Select KCB MPESA.
  • Select Pay Loan.
  • You can pay from MPESA or from your KCB M-PESA Account.

I cannot access a KCB MPESA loan. What are some of the reasons for this?

  • You have been listed with the Credit Reference Bureau.
  • You already have an existing KCB MPESA loan.
  • You have a low credit rating.

How do I grow my loan limit?

  • Increase activity on your KCB MPESA Account by moving money in and out of your Account.
  • Increase savings on your KCB MPESA Account.
  • Increase usage of MPESA services.

How do I deposit or withdraw money into or out of the KCB MPESA LOAN Account?

Money in and out of the KCB MPESA Account is ONLY available through MPESA.

  • To deposit from MPESA
    1. Access the KCB MPESA menu.
    2. Select Deposit from MPESA.
    3. Your MPESA will be deducted and your KCB MPESA Account credited with the amount.
  • To withdraw to MPESA
    1. Access the KCB MPESA menu
    2. Select Withdraw to MPESA
    3. Your KCB MPESA Account will be deducted and your M-PESA Account credited with the amount.

How do I check my account balance?

  • Access the KCB MPESA menu
  • Select My Account
  • You can check your account balance or request for a Mini Statement.
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