Latest steps to apply for emergency KCB MPesa loans 2024

KCB MPesa loans

Latest steps to apply for emergency KCB MPesa loans 2024 – Want to borrow money for your business, or any project? You can do that by borrowing from the KCB M-PESA Loan, which helps you stay liquid on any business venture that requires funding.

Do you need the cash for, Chama, to get that latest gadget, need the money to catch up on rent? KCB M-PESA has you covered. You can take out multiple loans if you want.

Getting an emergency loan from KCB MPESA for your business is pretty easy, so you don’t have to fade on this, because, it can change your business for good. To get further details keep reading this post to the end.

 

About KCB M-PESA Loan

Mobile Payment Service (MPESA), is a mobile phone-based money transfer and financial service platform, for accessing financial services by Keyans.

You can indeed send and receive money, through MPESA, there is a wide range of other offers that are financial products, like emergency loans. 

With a KCB M-PESA loan, you can get quick and convenient access to funds during unexpected financial crises.

 

Who is eligible to access the KCB M-PESA loan?

B M-PESA loan is open for everybody, but for you to get access to the loan, you must be eligible, and so who are those that are eligible for this loan?

Here are the eligibility criteria that interested applicants must meet before they can be allowed to apply for the KCB M-PESA loan, they include:

  • You must be at least 18 years old before you can have access to a KCB M-PESA loan
  • You must have been a registered and active M-PESA subscriber 
  • Your KCB M-PESA account holder for at least 6 months.

KCB M-PESA Loan limit/interest rate

For the KCB M-PESA loans, you can get at least Ksh50 and at most Ksh1 million. For the loan, you will pay an interest fee of 8.64%, which is repayable within 30 days.

Steps on How to Apply for Emergency KCB M-PESA Loan.

Before you can access MPESA loans, firstly you need to be registered with the MPESA service. So if you have a good MPESA track record, you will also have a higher chance of securing a loan quickly.

To get an emergency KCB M-PESA loan, follow these steps below;

  • Go to the M-PESA menu
  • Select loans & savings
  • Select KCB M-PESA
  • Select loans
  • Request loan
  • Enter amount
  • Enter M-PESA PIN & submit.

NOTE: The loan amount that you applied for will be sent to your KCB M-PESA Account, it does not have a high interest rate, and it has a negotiable fee. You can access your loan, by visiting the KCB M-PESA menu, when it is opened, select Withdraw to M-PES

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Frequently Asked Questions

What are the benefits of KCB M-PESA?

One of the benefits of getting KCB M-PESA will avail you the opportunity to access multiple loans.

 

What is the highest and the lowest amount of loan that you can get from KCB M-PESA?

When you apply for the KCB M-PESA loan, you can get at least KES. 50 and up to KES. 1 Million.

 

What are the available services rendered at KCB M-PESA?

The following services are offered on the platform:

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

How can I check my loan limit?

For those of you who cannot check your loan limit, you can do so, by following the steps outlined below, the steps are simple, telling you what to do to check your loan limit, here is how to check your loan limit:

  • Go to the M-PESA menu
  • Select Loans and Savings
  • Select KCB M-PESA
  • Select Loan
  • Select Check Loan Limit

 

NOTE: You can grow your loan limit, and to grow your loan limit, you have to do the following:

  • To grow your loan limit, you have to increase the activity on your KCB M-PESA account, by transacting money in and out of your loan account
  • Increase savings on your KCB M-PESA account
  • Increase usage of M-PESA services
  • Make sure you pay your KCB M-PESA loans early as as when due, that way you will grow from one limit to another because of your consistency.

 

How can I make my KCB M-PESA Loan Repayable?

To make your loan repayable, there are three ways you make it payable, we are going to consider them one by one thus:

You have to follow the steps below, Via the SIM toolkit;

  • Access M-PESA menu
  • Select Loans and Savings
  • Select KCB M-PESA 
  • Select Pay Loan
  • Through your KCB M-PESA account, you can pay your M-PESA loan.

 

You can also make your KCB M-PESA loan repayable, Via the Safaricom app, by following these steps:

  • Open the MySafaricom app 
  • Select the M-PESA tab
  • Select Loans and Savings
  • Select KCB M-PESA
  • Select Loan
  • Select Pay Loan
  • You can pay from M-PESA 
  • Or from your KCB M-PESA account
  • Enter the amount you want to pay, 
  • Then authorize the transaction.

 

NOTE: If you are using the Safaricom App, the following must be taken into consideration:

  • Device and app history
  • Contacts
  • Location
  • Call history
  • Storage
  • WiFi connections

You can also make your KCB M-PESA loan repayable, Via M-PESA Paybill

To pay your loan via pay bill, you can follow these steps:

  • Go to the M-PESA menu
  • Select Lipa na M-PESA
  • Select Paybill option
  • Enter 522559 as the Business Number
  • For the account number, 
  • Enter your ID number
  • Enter the amount you want to pay, 
  • And enter your PIN

Conclusion 

Your business financial support starts with emergency KCB MPesa loans, so if you need a loan to stabilize your business or project, then this is your opportunity.

 

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