KCB bank Kenya offers unsecured personal loans to any person that meets application requirements that we have listed below. learn also how to apply.

About KCB Bank Unsecured Personal Loans

These are loans that are issued to individuals who have personal needs to meet.  These loans are defined as unsecured because the lender does require the borrower to deposit any kind of security or collateral before application.

Benefits of Unsecured Personal Bank Loans

There are a number of mobile lending apps that offer unsecured loans without the need of any security. What makes KCB bank unsecured loan better than mobile lenders like Branch, Okash, Tala e.t.c is that kcb bank offers higher loan limits (from Kenya shilling 20,000  upto 4 million) and has longer repayment periods (up to 48 months).

Mobile loans will normally issue you with a loan ranging from 1k to 50k with a repayment period of a month.

Requirements of applying for KCB Bank Unsecured loan

The KCB bank unsecured loan requirements are;

• You must have an active KCB bank account that has been in operation for atleast three months.
• You must have a National ID or passport
• You must be employed. You will be required to provide your pay slip. If you are self-employed, you must provide proof of regular income. Kindly note that it is not easy for self employed individuals to get unsecured loan with KCB.

KCB Unsecured Loan interest rates

As at writing this article, the interest rates for KCB Bank unsecured loans were  13%. In addition to the interest, you also have to pay negotiation fee of 2.5% and Risk Margin fee of about 2.16%.

How to apply for KCB Unsecured loan

You can either visit the bank where you will be given loan application forms to fill or visit KCB Unsecured Personal loans and fill the online form then KCB will contact you. The online procedure is ideal if you want to know whether you qualify for the loan. At the end of it all, both procedures will require you to manually visit the bank and sign some forms.

KCB Contacts

You can reach KCB customer care through;

• Phone: +254732187000 or +254711087000
• Email: contactcentre@kcbgroup.com
• Physical Address: Kencom House, Moi Avenue

Important! When taking unsecured bank loans and you are employed, make sure that there is insurance to it. It will be of help if you lose your job.  it is also vital to read the terms and conditions carefully before you apply. Always ask if there are any hidden fees that you will need to pay which have not been clearly stated.