KCB Personal Loan
Kenya Commercial Bank
Last updated: October 28, 2025
Rating Breakdown
Pros & Cons
Pros
- Fast approval process
- Competitive interest rates
- No early repayment penalties
- Flexible repayment options
- Loan insurance included
- Top-up facility for existing customers
Cons
- Processing fee of 2.5%
- Collateral required for loans above KES 1M
- Must have 6 months employment history
Expert Analysis
KCB Personal Loan stands out as one of the most competitive traditional bank offerings in Kenya's personal lending market. With rates starting at 13.5% p.a., it undercuts many competitors while offering loan amounts up to KES 5 million. The 24-48 hour approval timeline is faster than most traditional banks, though still slower than digital lenders. Best suited for salaried employees with stable income who need larger loan amounts and prefer dealing with established institutions. The check-off facility makes repayment seamless for employed borrowers. However, self-employed applicants often face longer approval times and may need to provide additional documentation. The 2.5% processing fee is standard for the industry but can add up on larger loans.
Best For
- Salaried employees needing KES 500K+ for major purchases
- Home improvements or renovations
- Education financing for children
- Debt consolidation from multiple high-interest loans
- Medical emergencies requiring substantial funds
Common Rejection Reasons
- Income below KES 25,000 monthly threshold
- Less than 6 months at current employer
- Existing loan obligations exceeding 40% of income
- Negative CRB listing in the last 12 months
- Incomplete documentation or unverifiable income
How It Compares
Compared to Equity Personal Loan, KCB offers slightly lower rates but requires higher minimum income. Against digital lenders like Branch or Tala, KCB offers much larger loan amounts at lower rates, but the approval process takes longer and requires more documentation.
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Product Details
Features
- Quick approval (24-48 hours)
- Flexible repayment terms (6-60 months)
- No collateral required for loans up to KES 1M
- Direct disbursement to M-Pesa or bank account
- Option to skip one payment per year
- Free loan insurance included
- Top-up facility available
- Automatic salary deduction available
Eligibility Requirements
Required Documents
- Copy of ID/Passport
- KRA PIN Certificate
- Last 3 months payslips (if employed)
- Last 6 months bank statements
- Proof of business registration (if self-employed)
Repayment Options
Ready to Apply?
Get started with KCB Personal Loan today. Fast approval and competitive rates.
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