M-loan Repayment

M-loan Repayment

The Kenya Bankers provides a mobile loan facility at a rate of 7% p.a depending on eligibility. This loan is usually due after exactly 30 days and should be repaid using M-PESA paybill 400444 .
The m-loan repayment account numbers are auto generated by the system and every time you access one, you get a different account number which is communicated via text message. On the KB- Connect app, this number is the M-loan ID number.
It is encouraged that once you access the m-loan facility, you adhere to the terms and conditions of the loan and repay it in good time to maintain and improve on the credit score. Poor repayment results in a lower credit score or even worse, none at all.

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