Calculate the facilitation fee, excise duty, and total repayment on a KCB M-PESA loan.
The KCB M-PESA Loan is a joint mobile loan product from KCB Bank Kenya and Safaricom, accessed from the M-PESA menu or by dialling *334#. It charges a one-off facilitation fee for a fixed 30-day term rather than a monthly interest rate, so the total cost is fixed the moment you borrow.
How Much Does a KCB M-PESA Loan Cost?
KCB M-PESA charges a one-off facilitation fee of about 7.55% of the loan amount, plus 20% excise duty on that fee — roughly 1.51% of the loan — for a combined cost of about 9.06% over the 30-day term. A KES 10,000 loan costs about KES 906 in total fees.
What Are the KCB M-PESA Loan Limits?
KCB M-PESA loans range from a minimum of KES 1,000 to a maximum of KES 1,000,000. Your actual limit is set by KCB based on your M-PESA activity, KCB M-PESA savings balance, and repayment history — new borrowers typically start well below the maximum and grow their limit through repeat, on-time repayment.
How Long Do I Have to Repay?
The standard repayment period is 30 days from disbursement. There is no instalment schedule — you repay the principal plus the facilitation fee and excise duty as a single lump sum at the end of the term, via M-PESA or your KCB M-PESA account.
What Happens If I Repay Late?
A loan not repaid within its 30-day term is overdue, may attract further charges, can restrict your ability to borrow again, and may be reported to credit reference bureaus (CRBs), affecting your credit score with other lenders. Confirm current late-repayment terms with KCB before relying on this for a real repayment decision.
How is the KCB M-PESA loan fee calculated?
KCB M-PESA charges a one-off facilitation fee of about 7.55% of the loan amount, plus 20% excise duty on that fee (roughly 1.51% of the loan) — a combined cost of about 9.06% for the standard 30-day term.
What is the minimum and maximum KCB M-PESA loan amount?
KCB M-PESA loans range from a minimum of KES 1,000 to a maximum of KES 1,000,000, with your actual limit set by KCB based on your M-PESA activity, savings, and repayment history.