KCB is among the banks permitting customers to access loans through its KCB M-Pesa program. KCB M-Pesa is a mobile-based account. You can only access it if you subscribed M-Pesa. The loan itself attracts a low-interest rate. So, if you are looking for information on how to activate KCB M-Pesa, keep reading.
How to activate KCB M-Pesa on phone
You are supposed to activate your M-Pesa account to benefit from the KCB M-Pesa program. Below are steps outlined on how to activate the KCB M-Pesa account. One more thing, you need to use the Safaricom line.
- Open M-Pesa menu
- Click on Loans and Savings
- Choose KCB M-Pesa option then activate
- You will get a notification about the amount of loan you can borrow.
That is how to activate KCB M-Pesa on phone. You can start accessing loans from your M-Pesa account. The minimum amount you can borrow is Ksh 50. The amount is limited depending on the number of times you transact KCB M-Pesa deposits. The repayment period is one month. If you repay your loan on time, your loan limit will increase.
In any case, KCB M-Pesa activation failed, contact customer care. You can also visit any branch near you.
Read Also: How to renew your AGPO certificate
How to apply for KCB M-Pesa soft loan
- Go to the M-Pesa menu
- Choose Loans and Savings option
- Choose KCB M-Pesa
- Click on Loan
- Enter the amount
- Enter your M-Pesa PIN and click send
- The amount will be sent to your KCB M-Pesa account. The amount deposited will exclude exercise fee.
- Now, withdraw the cash using KCB M-Pesa menu
How to check KCB M-Pesa loan limit
- Go to M-Pesa Menu
- Click Loans and savings
- Click KCB M-Pesa
- Select loan
- Click on loan limit
KCB M-Pesa has several benefits. You can save money as fixed or target. Now you know how to activate KCB M-Pesa and use it.
Read Also: How to apply for a Pesa Ulipo loan
