KCB M-PESA is a digital financial service born from the partnership between Kenya Commercial Bank (KCB) and Safaricom. It combines mobile banking and micro-lending into a single, convenient platform accessible via the M-PESA menu on your phone.

Through KCB M-PESA, users can save money, borrow loans, and earn interest, all without stepping into a physical bank. Its integration into the M-PESA ecosystem makes it one of the most widely used mobile financial services in Kenya.

Key Features of KCB M-PESA

•  Instantly borrow amounts ranging from KSh 100 to KSh 1,000,000.
• Pay back your loan within 30 days.
• Open a savings account directly from your phone.
• Earn interest of up to 6% annually on your savings.
• Your limit increases with consistent use and timely repayment.

How KCB M-PESA Loans Work

KCB M-PESA evaluates your loan eligibility based on your mobile money transaction patterns and financial behavior. The more active you are on M-PESA and the more responsible your repayments the higher your chances of securing a bigger loan.

Once approved, the loan is deposited directly into your KCB M-PESA account and can be withdrawn, transferred, or used for purchases via M-PESA.

Loan Terms and Charges

Loan Amount: KSh 100 to KSh 1,000,000

Interest Rate: 7.35% one-time facility fee (inclusive of fees and tax)

Repayment Period: 30 days

Late Repayment Penalty: 7.5% on the outstanding loan amount

It’s important to repay your loan on time to avoid penalties and maintain or increase your borrowing limit.

Savings with KCB M-PESA

• Aside from loans, KCB M-PESA allows you to save in two distinct ways:
• Fixed Savings Account
• Lock funds for a set duration (1–12 months)
• Interest rate of up to 6% p.a.
• Minimum deposit: KSh 500
• Target Savings Account
• Save towards a goal with small, regular deposits
• Flexible contributions
• Earn competitive interest

How to Register for KCB M-PESA

1. Go to your Safaricom SIM Toolkit and open the M-PESA menu.
2. Select Loans and Savings.
3. Choose KCB M-PESA.
4. Follow prompts to activate your account.
5. No app download or bank visit is required.

How to Apply for a Loan via KCB M-PESA

Open M-PESA > Loans and Savings > KCB M-PESA.

Select Loan > Request Loan.

Enter your preferred amount (must be within your loan limit).

Confirm the transaction.

Funds will be credited to your KCB M-PESA account immediately.

Repaying a KCB M-PESA Loan

Repayment is just as easy as borrowing. You can pay your loan using:

M-PESA Menu > Loans and Savings > KCB M-PESA > Pay Loan

Or directly through the KCB M-PESA option using your available balance.

Partial repayments are accepted, and the system will track your balance until fully cleared.

Tips to Improve Your KCB M-PESA Loan Limit

• Use M-PESA regularly for transactions.
• Save consistently via KCB M-PESA.
• Repay your loans promptly and fully.
• Avoid defaulting or bouncing M-PESA payments.
• Engage in continuous activity with KCB M-PESA services.