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Title: What you have to know about KCB Mobile loan

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Meta Description: This article tells you more about KCB Mobile loan. It gives you step by step process of applying for the Loan, highlights the benefits of the Loan, and answers crucial questions about the KCB Mobile loan.

Keyword: KCB Mobile loan

Title: What you have to know about KCB Mobile loan

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The days of getting stuck when in need of finances are long gone, with KCB Mobile loan you can get instant financial assistance and attend to your needs.

But how much do you know about this Loan, and what benefits can you get out of

it?

Here is crucial information that will guide you in case you want to take a loan now or in the future.

What is a KCB Mobile loan?

 

 

First, let’s get to know what this kind of Loan is. This is a short term loan given specifically to KCB customers with a six months active account, with four successful deposits, and who have registered with KCB mobile banking

.  The loan terms are 1, 3, and six month according to a customer’s choice.

How to apply for the

Loan

If you already have your active KCB bank account, you need to register for a mobile banking

  • account at the nearest KCB branch. After which you can apply for your Loan.
  • -Log into KCB Mobi using Mobi App that you will have downloaded on your
  • – Then select Mobiloan.
  • – Next select Request Loan.
  • – Enter the amount you want to borrow.
  • – Select the account where the money will be credited.
  • – Select the loan term
  • – read and accept the terms and conditions given and confirm the details given.
  • – A first SMS will be sent to you immediately to confirm your loan request.
  • – A second SMS will be sent on successful or unsuccessful request.

The loan limit and the interest rate

  1. s

It is categorized in three terms

ksh. 500,000.

  1. This service gives you a chance to borrow a minimum of Ksh 500 to a maximum of
  2. Mobile Loan – this ranges from Ksh100 to Ksh 100,000 and it attracts a monthly interest of 4.08%.
  3. Kopa Bills – this Loan is given to help you clear your bills. It ranges between Ksh300 and Ksh100, 000 and attracts a monthly interest of 4.08%.
  4. Salary Advance – you can get a salary advance 1.5 times your salary with a minimum of Ksh300 and a maximum of Ksh 100, 000, this attracts a monthly interest of 8%.

How to pay for your KCB Mobile loan

KCB mobile loans must be repaid within a period of 1, 3, or six months according to the loan term

you chose. You can pay your Loan in full at ones or you can pay in partial installments before the loan period is over. After this you qualify for another loan.

Benefits of acquiring the KCB Mobile loan

 

The whole process of applying for the Loan is accurate and you get exactly what you apply for.

You can get the service any day and any time which makes it convenient.

You can get a higher loan limit of up to 300000 with no guarantors.

When you borrow any amount you are rewarded with samba points that are redeemable for great rewards.

When you apply for the Loan you are notified immediately when your account is credited with the money.

 

 

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