KCB Mobile Loan

A. Who qualifies for this Product?

• Holders of KCB accounts.
• Operated account for minimum of 6 months.
• Registered on mobile banking
• Credit scored and limit assigned

B. Product Benefits

• Wide range of tenors for customers to choose as per their requirement at specific time
• Affordability to customers as shorter term is priced lower than longer term.
• Availability of longer repayment periods that ease pressure on requirement to pay in just one month.
• Top-ups allowed within approved credit limit hence no need to pay existing loan to access more funds.

C. Term of loan

The loan tenors shall be 1-day, 7-day,14-day, 30-day, 90-day, 180-day, and 12 months.

D. Product Pricing

 From as low as 1.2%

E. Mode of accessing the product

• The product IS available through all our mobile channels i.e., USSD- *522# and the KCB APP.

F. Available services

• Loan service activation
• Loan request
• Loan repayment
• Credit limit check
• Loan balance check

G. Documentation required

The prerequisite for a customer to accessing the product is having operated an account for at least 6 months and must be registered on mobile banking.

H. Application process

To access the loan the application will follow the process below:-

• Customers access through KCB USSDs *522# or KCB App and follow the prompts.
• The request is subjected to internal validation and loan approved / rejected within seconds and customers notified via SMS.
• Reminder notifications will be sent to the customers before due date.
• Funds are disbursed to the customers bank accounts
• Customers may initiate loan repayments or deposit funds in their accounts for recovery on due date.