KCB-M-Pesa gifts customers with amazing offer in January : The Standard

KCB-M-Pesa, a mobile based account offered solely to registered and active Safaricom M-PESA customers has unveiled an offer for its customers during this difficult month of the year. The mobile based account will provide access to loans with a low interest rate of 1.08 percent per month and a negotiation fee of 2.5 percent with 4.08 percent cost for the one-month loan which will be repaid using M-Pesa with excise duty applicable on negotiation fees. "You can access loan limits from as low as Sh50 and up to Sh1m", reads KCB-M-Pesa statement. Customers can access loans at an attractive low interest rates of 1.16 percent per month with a one off negotiation fee of 2.5 percent and 3.66 percent cost for the one-month loan with excise duty applicable on the borrowed loan.

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To access the loan, you have to operate a Fixed Savings Account that allows you to lock a specific amount of cash for a period of 12 months as well as create a Target Savings Account allowing you to set a goal and make regular deposits towards achieving that target. You will not be able to access KCB-M-Pesa loan if you: ·         Are listed with the Credit Reference Bureau ·         Already have an existing KCB M-PESA loan ·         Have a low credit rating.

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You can increase your loan limit by making transactions through KCB M-PESA Account by moving money in and out of your Account, growing savings on your KCB M-PESA account and increasing usage of M-PESA services. KCB M-Pesa will charge 0% interest for clients who borrow and repay on the same day by midnight from 18th December 2018 to 17th January 2019. ?

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KCB-M-PesacustomersofferSafaricomM-PESA customersCredit Reference BureauKCB M-PESA loanKCB M-PESA