KCB M-PESA Loan Calculator

How Much You Can Borrow On KCB M-PESA?

The KCB M-PESA account is a paperless mobile based bank account that will be offered exclusively to M-PESA registered customers. KCB M-PESA Account will have zero minimum balance and will provide customers with the ability to:
  • Save from as little as KShs.1 and earn interest of 2% p.a.
  • Borrow loans with a facility fee ranging from 4% to 6% per month
  • Save for a fixed period of time (Fixed Deposit Account) or Target Savings Account where you save little by little for a set period.
Place standing orders from:
  • M-PESA to KCB M-PESA Account.
  • M-PESA to Fixed Savings or Target Savings Account.
  • KCB M-PESA to Fixed or Target Deposit Account.
  • Transfer money in and out of the KCB-M-PESA Account at no charge
The KCB M-PESA Account is intended for all KCB and Safaricom customers who discern to save or borrow short-term loans, to enable them address various financial causes.
To get a KCB M-PESA Account, you will need to:
  • Be a registered Safaricom M-PESA customer.
  • Have an active Safaricom M-PESA account.
  • Hold any one of the following Kenyan National ID, Kenyan Passport, Alien ID, Diplomatic ID(Registered on IPRS), Military ID.
  • Dial *844#
  • Accept Terms and Conditions.
  • You will receive an SMS with your PIN
  • Dial *844# to access the KCB M-PESA Account Menu and the system will prompt you to change PIN
    • Dial *844# and enter the KCB M-PESA Account PIN
    • Select Deposit From M-PESA
    • Enter Amount
    • Confirm transaction.
Customers can only make withdrawals from KCB M-PESA Account via M-PESA using the steps:
  • Dial the USSD CODE *844# and Enter the KCB M-PESA Account PIN
  • Select "Withdraw" to M-PESA
  • Enter Amount
  • Confirm payment.
  • Other KCB M-PESA Account
  • Enter Mobile number
  • Enter Amount
  • Confirm payment
Customers will be allocated a loan limit upon opting into the KCB M-PESA Account. Not all customers will qualify for loans immediately.
  • Dial *844# and enter the KCB M-PESA PIN
  • Select "Loan" then Request Loan and enter amount.
  • Select the preferred period( 1,3 and 6 months)
  • Funds will be transferred to your KCB M-PESA Account.
  • 30 day loan at 6% per month
  • 90 day loan at 5% per month
  • 180 day loan at 4% per month
Immediately on dialing *844#, one is presented with a loan limit. The loan limit is determined by one's activity levels generated from their history usage on both their M-PESA/ Safaricom and KCB M-PESA Account.
Loan can be paid in full or in installments from both KCB M-PESA account and M-PESA.
  • Dial USSD code *844# and enter KCB M-PESA PIN.
  • Select Loan then Pay loan.
  • Select payment from either KCB M-PESA account or M-PESA.
  • Enter Amount to pay.