Last updated on January 1st, 2024 at 07:15 pm
kcb mpesa loan after crb listing
Have you been listed on the Credit Reference Bureau (CRB) and are now unable to access loans from traditional lenders? Well, KCB Mpesa loan is here to help you out. In this blog post, we will be discussing how to access a KCB Mpesa loan even after being listed on the CRB.
First things first, let’s start by understanding what KCB Mpesa loan is.
KCB Mpesa loan is a product offered by KCB Bank in partnership with Safaricom’s Mpesa platform.
It allows Mpesa users to access loans of up to Ksh. 1 million by simply dialing *844# on their phones.
Now, being listed on the CRB can be a real hassle, as traditional lenders will view you as a high-risk borrower.
However, with KCB Mpesa loan, being listed on the CRB doesn’t necessarily mean that you cannot access the loan.
KCB Loan Repayment Form
Enter the loan details and your bank account number to make a repayment.
Here are a few tips on how to access a KCB Mpesa loan after CRB listings:
1. Clear your CRB listing
The first step to accessing a KCB Mpesa loan after being listed on the CRB is to clear your CRB listing.
You can do this by repaying any outstanding debts that led to your listing.
Once you have cleared your listing, your credit score will improve, and you will become eligible for the loan.
2. Apply for a lower loan amount
If you are unable to clear your CRB listing, you can still access a KCB Mpesa loan by applying for a lower loan amount.
KCB Bank uses a risk-based approach to lending, meaning that they assess each borrower’s risk level before approving a loan.
By applying for a lower loan amount, you increase your chances of approval, even if you are listed on the CRB.
3. Provide collateral
Another way to increase your chances of accessing a KCB Mpesa loan after being listed on the CRB is by providing collateral.
Collateral is a form of security that you provide to the lender to reduce the risk of default. If you default on the loan, the lender can seize the collateral to recover their money.
By providing collateral, you increase your chances of approval, even if you are listed on the CRB.
How do I borrow a KCB Mpesa Loan After CRB Listing?
- Open M-PESA menu
- Select Loans and Savings
- Select KCB M-PESA
- Select Request Loan
- Enter Amount & follow prompts to complete
Wrapping up
Being listed on the CRB can be a real hassle, but it doesn’t mean that you cannot access loans.
KCB Mpesa loan is an excellent product that you can use to access loans of up to Ksh. 1 million, even if you are listed on the CRB.
Just follow the tips we have discussed above, and you’ll be on your way to accessing the kcb mpesa loan after crb listing.