How to increase KCB M-Pesa loan limit
Our guide today will take you through how to increase KCB M-Pesa loan limit. As you are well aware, Kcb Mpesa was derived from the Union between Safaricom and Kcb. It allows users to acquire mobile loans with up to 7.5% interest in 30 days. It doesn’t require you to own a Kcb bank account, provided you are a Mpesa user.
Requirements to qualify for KCB M-Pesa loan
- Own a registered Mpesa account.
- Ensure your Mpesa account is active.
Your KCB M-Pesa loan can also be rejected if:
- You have not yet paid your previous kcb Mpesa loan.
- Your credit history is poor or negative.
- Your account has been Blacklisted due to default or late repayment of your previous loans.
How to check your Kcb M-pesa loan limit
In case you are qualified to acquire the kcb Mpesa loan, you can check the loan limit by opening your Mpesa menu on your mobile phone and clicking on loans and savings.
Click on kcb Mpesa and select loan option. Click on check kcb loan limit to confirm your loan limit amount.
How to grow KCB Mpesa loan limit
In case the loan amount offered is not enough, you can increase your Kcb Mpesa loan limit by:
- Go to M-Pesa Loans and Savings
Open your M-Pesa menu and go to the ‘Loans and Savings’ option
- Activate KCB M-Pesa
Go to KCB M-pesa and click activate to launch your savings account. Enter your Mpesa pin to confirm the action
- Save regularly on KCB
If you already have an account, begin making regular savings deposits to your account to boost your loan limit. Constantly transacting on your KCB account will definitely grow your loan amount.
- Repay initial loans
Make your initial KCB loan repayments in time to raise your credit score and eventually boost your loan limit.
What is the maximum Kcb Mpesa loan limit?
The maximum amount you can loan from Kcb Mpesa is one million Kenyan shillings. You are allowed to land from fifty shillings to one million. The money will be directly deposited to your kcb Mpesa account immediately.
Can you be listed on CRB by Kcb Mpesa?
In case you do not repay your kcb Mpesa loan, you can be Blacklisted from receiving loans from KCB Mpesa and if you do not pay at all, you will definitely be placed on CRB.
Can you use paybill to pay your KCB Mpesa loan?
It is possible to pay your Mpesa kcb loan by using paybill. All you need to do is, open your Mpesa menu from your mobile phone and select lipa na Mpesa.
Choose the paybill option and enter the kcb business number which is 522559. Choose which account you want to repay the kcb Mpesa loan and complete the transaction.
FAQs About Increasing KCB M-Pesa Loan Limit
The maximum amount you can loan from Kcb Mpesa is one million Kenyan shillings. You are allowed to land from fifty shillings to one million. The money will be directly deposited to your kcb Mpesa account immediately.
In case you do not repay your kcb Mpesa loan, you can be Blacklisted from receiving loans from kcb Mpesa and if you do not pay at all, you will definitely be placed on CRB.
It is possible to pay your Mpesa KCB loan by using paybill. All you need to do is, open your Mpesa menu from your mobile phone and select lipa na Mpesa. Choose the paybill option and enter the kcb business number which is 522559. Choose which account you want to repay the kcb Mpesa loan and complete the transaction.
To increase your KCB Mpesa loan limit: 1. Constantly using your Mpesa services 2. Increasing activity and usage of your kcb Mpesa account. This can be done by transferring money in and also out of your kcb Mpesa account 3. Constantly save money on the Kcb Mpesa account you are using 4. Repay and prompt tour kcb Mpesa loans early
You can grow your KCB loan limit by constantly using your Mpesa services. Increasing activity and usage of your kcb Mpesa account. This can be done by transferring money in and also out of your kcb Mpesa account
To activate your KCB Mpesa loan limit:
1. Visit your Mpesa menu
2. Go to Loans and Savings
3. Choose KCB M-Pesa
4. Select ‘Loans’
5. Select the ‘Check loan limit’ option
To increase your M-shwari loan limit:
1. Increase your M-shwari savings account activity by depositing and transacting regularly
2. Save regularly on your Mshwari
3. Constantly use M-pesa services