If you need money fast and don't have an initial deposit, you can check out the KCB Personal Unsecured Loan. Personal loans have become a necessary lifeline for most people, particularly when they’re in a bind.
Whether it’s paying for a trip, a big life event such as a marriage, or even paying for hospital bills. KCB offers the Personal Unsecured Loan for individuals who are in need of a personal loan but don’t want to be tied down with a security deposit.
Without a security deposit, individuals are free to utilize and funnel their funding towards their needs. If you're in this financial space, you need information. Our editors have looked into the KCB Personal Unsecured Loan and have details you need to know up next.
What Are The Benefits Of The KCB Personal Unsecured Loan?
One of the highlights of the KCB Personal Unsecured Loan is that it offers limits from Kes 20,000 to Kes 2 million without absolutely no collateral or security deposits required. This allows you to spend your funding towards your needs without having to allocate part of your budget for collateral.
To supplement this, borrowers will be extended with flexible repayment periods of up to 48 months or 4 years. The repayment terms are designed to address and complement your needs, so the repayment period can range for 6 months onwards.
The best part about the KCB Personal Unsecured Loan? This loan is open to everyone who needs it, provided they fall under the salaried or self-employed categories.
What Are The Fees Of The Loan?
The KCB Personal Unsecured Loan comes with certain fees and charges. These include the competitive interest rate of 13% and a negotiation fee of 2.5%. The interest rate already comes with the CBR rate of 9% as well as the Bank Variable margin of 4%.
How to Apply For The KCB Personal Unsecured Loan
With these attractive benefits and offerings, you might be interested in applying for a KCB Personal Unsecured Loan. To do this, you must be a salaried employee or be self-employed. You should also present your valid Kenyan ID or passport, as well as present your latest payslips or proof of income.
To apply, you may simply fill out the application form. However, to do this, under the ‘Select what you need’ drop-down area, choose ‘Apply for Product.’ Make sure to select the branch nearest you as well to facilitate faster processing and application. You may also visit the said branch.
When you apply, you’ll need to provide your full name, email address, and your phone number. Once approved, you’ll be given the loan amount you have asked and or have been approved for.
How To Contact KCB Personal Unsecured Loan
For queries, contact them at +254 (20) 2287000 or drop them an email at contactcentre@kcb.co.ke. You may also visit them at their head office located at Harambee Plaza.
Overall, the KCB Personal Unsecured Loan is best for people who need immediate cash assistance and don't have the collateral. With this offering, borrowers can get huge loan amounts completely with flexible repayment methods at an attractive price point.
Note: There are risks involved when applying for and using a loan. Consult the bank’s terms and conditions page for more information.
