WHAT IS KCB M-PESA Account

KCB M-PESA is a savings account that enables you to access instant loans up to Kshs.1M upon dialing *844#.

The KCB M-PESA Account features include:

    Minimum saving of Kshs.1 and maximum saving of Kshs.1M
    Personal accident insurance benefit based on savings
    Interest on savings of 2% p.a.

You may load your savings easily and conveniently via M-PESA, KCB Mobi, Mtaani agent and/or branch and withdraw your KCB M-PESA account savings only via M-PESA.

Loans

You can borrow instantly without saving with disbursement being to KCB M-PESA Account Loan Limits (Kshs.100 to Kshs.500,000 with a top up option)

You can choose flexible repayment periods of 1 month, 3 months and 6 months via M-PESA, KCB M-PESA Account and Mobi/Branch/Mtaani with an option of Partial payments.

The interest on the loan include:

    30 day loan at 4% per month (4%)
    90 day loan at 3% per month (9%)
    180 day loan at 2% per month (12%)

The KCB M-PESA Account Fixed Deposit accounts

There are two types of fixed deposit accounts available to you as a KCB M-PESA Account holder. They include

    Fixed Savings Account
    Target Savings Account

Fixed Savings Account

This Account allows you to lock a specific amount of cash for a certain period of time.