You’ve probably heard about the KCB Mobi loan. If that’s the case, you’ll find this fast guide beneficial, since I’ve emphasized the registration, rates, and interest rates for Kenya Commercial Bank Mobi loans.
The KCB Mobi loan is one of the banking and finance products available, and you can locate it if you are a customer.
The KCB Kenya loan is a fast and easy way to apply for a loan, but it is only available to KCB Kenya customers.
The first step in qualifying for a Kenya Commercial Bank loan is to open an account at the nearby bank.
You can apply for a loan if you already have an account with the bank.
How to Apply for a KCB Mobi Loan and How to Register
There is no paperwork required to apply for a KCB Mobi loan.
The loan application is completed on the phone.
You can apply for a mobile loan in one of two ways.
How to Use Shortcodes to Apply for a Loan
The first way to apply for a KCB Mobi loan is to use a shortcode.
You can start the loan application process by phoning *522#.
If you follow the steps, your loan application will be approved.
The KCB Bank App is a mobile version of the bank’s website.
The KCB application is the second option to apply for a KCB Mobi loan.
The app is free to download from the Google Play Store or the Apple App Store.
You may check out the loan items and apply for a Mobile loan after downloading and installing the app.
Following the prompts is a straightforward process.
Kenya Commercial Bank is a commercial bank in Kenya. Mobi loan interest rates
Mobi loans are divided into three groups.
Different loan and application terms apply to each of these groups.
Kenya Commercial Bank Mobi Loan
You can apply for a loan in this category ranging from Ksh100 to Ksh 100,000.
How you use your Kenya Commercial Bank account determines the loan amount.
Salary Advance from KCB
You can apply for an advance through Kenya Commercial Bank’s Mobi loan products if you are employed.
The maximum amount you can apply for is 1.5 times your annual wage.
Between Ksh300 and Ksh 100,000 is the limit.
Paybill Number for KCB Mobi Loan
You can pay back your Kenya Commercial Bank loan with Safaricom M-Pesa. However, you’ll need a paybill number first.
To make a repayment, follow the procedures below:
1. On your phone, select Lipa Na Mpesa to make your M-Pesa payment.
2. Next, go to Paybill and enter the 522522 KCB Mpesa Paybill number.
3. Fill up your information in the account area.
4. Enter your National Identification Number.
5. Finally, type in the amount of money you want to deposit.
6. Last but not least, enter your Mpesa PIN.
That’s how you use the Mpesa paybill number to make a loan payment.
You can apply for a loan and under Kopa bills if you have bills to pay but don’t have the money.
Between Ksh300 and Ksh100,000 is the amount issued.
Interest Rates for KCB Mobi Loans [Updated for 2022]
The amount of interest charged on a loan is determined by the loan’s type.
The salary advance has an interest rate of 8%, and the Kopa Bill loan has an interest rate of 6%.
The interest rate on Kopa bills varies depending on the length of time it takes to repay the loan.
The interest rate will be set by the bank.