How to Get a KCB Mobile Loan in Kenya

This is a step-by-step guide to obtaining a KCB mobile loan. KCB provides one of Kenya’s quickest mobile loans.

With KCB mobile loans, you may rapidly access loan amounts ranging from Kshs 1,000 to Kshs 300,000. All you have to do is register for KCB mobile banking.

Every time you take a KCB mobile loan, you gain points (Simba points), which may be redeemed for fantastic prizes.

Loan Interest Rates & Fees

It is a one-month loan with a 7.13% interest rate.

KCB Loan Requirements

  • An active KCB account and registration for KCB mobile banking are required.
  • The account must be open for at least 6 months and have at least 4 deposits.
  • The account is kept up to date and should never be overdrawn.

A bank representative may contact you anytime to gather more information as part of the KYC process. You will never be asked for your PIN or password.

How to Get a KCB Mobile Loan

There are two ways in which you can borrow a KCB loan. KCB allows users to apply for loans using the USSD code and the KCB app, which can be downloaded from Google pays store.

The two methods are discussed below:

(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 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.

Read How to get Mwananchi Credit Logbook Loan

(ii). Using the 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.
  • Enter your KCB mobile banking PIN and commit.
  • The loan will be deposited into your KCB account.