Are you looking at how to activate the KCB Mpesa loan account? Look no further. You have come to the right place. In collaboration with Safaricom, KCB came up with KCB M-PESA products to help KCB customers save on their mobile phones.
After that can apply for a quick loan, and it will be posted on their KCB M-PESA account, then transfer to Mpesa and lastly, withdraw the money.
The loan comes with low-interest rates of 7.5% every month. There is no paperwork to apply for the loan, and it will get approved within minutes.
It is a conventional loan where you are in need.
This quick guide has highlighted the requirements to qualify KCB Mpesa loan, requirements, and how to apply for a loan.
Requirements For The Activation Of KCB M-PESA Loan
To qualify for the KCB Mpesa loan, you first have to meet the following requirements:
- Be 18 years old and above
- Have registered your Mpesa account and active for more than six months
- Have an active KCB Mpesa account
If you meet the above, you can apply for a KCB M-PESA account.
However, if you don’t have a KCB M-PESA account, here is how to activate it on your phone.
How To Activate KCB Mpesa Loan On Your Phone
1. Go to your mobile phone apps and select Sim Toolkit.
2. Tap and choose Mpesa to activate the loan.
3. On the menu, click Loans and saving.
4. Choose KCB Mpesa and will be prompted to activate.
5. Follow the prompts and complete the KCB Mpesa loan activation.
How To Apply For A KCB Mpesa Loan In Kenya
1 Go to your mobile phone apps and select Sim Toolkit.
2. Tap and choose Mpesa
3. On the menu, click Loans and saving.
4. Select KCB Mpesa
5. Select the loan option
6. Select requests loan
7. Then, you will be required to enter the amount you would like to borrow within your limits.
8. Enter Mpesa pin
9. After a few minutes, you’ll receive a confirmation message you have received the loan requested.
Then you can transfer the loan to your M-Pesa account and withdraw.
KCB Mpesa offers a loan limit ranging between ksh.50 to 1 million.
Note you can only request an amount within your limit. The more you use KCB Mpesa, the more you get to increase your limit.
The loan is set to pay within one month, and the payment schedule also determines if you’ll go ahead access the service or not.
That is how to activate KCB Mpesa loan account in Kenya.
Here is the list of our KCB articles:
Fixed Deposit, Mobi Loan, Careers, Cub Account, Forex Exchange, Types of Accounts, Activate Mobile Banking, Savings Account, Tuungane Chama Account, Apply for Credit Cards, KCB Opening Hours, KCB Mpesa Interest Rate, Diaspora Banking, Salary Advance, Paybill Number, Savings Interest Rate, Business Account, Prepaid Master Card, KCB Student Account.
