Masomo

Intended for educational advancement, this loan can be taken out by parents/guardians for students or by salaried individuals who wish to further their studies.

Benefits

  • Attractive competitive interest rates
  • Quick loan processing.
  • Loans of up to Kshs 300,000 repayable over a maximum period of 24 months (2 years).

Standard Requirements

  • Must have had an account with KCB for at least 3 months
  • Original and copy of National ID or passport
  • Latest original pay slips.
  • Proof of income if self-employed.
  • Admission letter from the university/college

Rates & Fees

  • Maximum repayment period is 24 months (2 years).
  • Interest rate of 13% (CBR rate 9% plus Bank Variable margin of 4%)
  • Negotiation fees of 2.5%
  • Other fees e.g. insurance premium to be advised by the personal banker at your branch


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