This is a step-by-step guide on how to borrow a KCB mobile loan. KCB offers one of the quickest mobile loans in Kenya. With KCB mobile loans, you can access loan amounts between Kshs 1,001- 300,000 instantly. All you need is to sign up for KCB mobile banking.
Every time you borrow, you earn points (Simba points) which are redeemable for great rewards.
KCB Mobile Loan Interest Rates & Fees
- It is a one-month loan at an interest rate of 7.13%.
KCB Mobile Loan Requirements
- One must have an active KCB account and sign up on KCB mobile banking.
- The account must be active for 6 months with at least 4 deposits during the period.
- The account is regularly operated and should not be overdrawn at any point.
A bank representative may call you at any time to obtain further information in line with KYC process. At no point shall you be asked for your PIN or password.
How To Borrow A KCB Mobile Loan
(i). Using USSD
- Dial *522#.
- Select loans and savings.
- Select KCB mobile loans.
- Select loan request.
- Select 1 month.
- Enter the amount you wish to borrow (must be within your loan limit).
- Select the KCB account where where the loan should be deposited.
- Enter your KCB mobile banking PIN.
- Confirm the transaction and submit.
- The loan will be deposited into your KCB account.
(ii). Using KCB App
- Open the KCB App.
- Select loans.
- On KCB mobile loan, select borrow.
- Select the KCB account where the loan should be deposited.
- Select one month.
- Enter the amount you wish to borrow and submit. (Must be within your loan limit).
- Enter your KCB mobile banking PIN and commit.
- The loan will be deposited into your KCB account.
