M-PESA Loans – KCB Bank This is a mobile based account offered to M-PESA customers enabling you to: Access loans at attractive low interest rates of 1.08% per month with a one off negotiation fee of 2.5%. The cost for the one month loan is 3.83% including excise duty applicable on fees. Save for a fixed period of time (Fixed Deposit Account) or save a little at a time for a set period (Target Savings Account) and earn interest of up to 6.3% p.a. Transfer money in and out of the KCB M-PESA Account for FREE. Access through the M-PESA menu Select Loans and Savings Select KCB M-PESA and Activate
What are the requirements to have a KCB M-PESA Account? Be a registered and active Safaricom M-PESA customer. What are the interest rates on loans? 1.08% per month with a one off negotiation fee of 2.5%. The cost for the one month loan is 3.83% including excise duty applicable on fees.