How to Apply and Repay Vooma Loan

I know you have heard about the vooma loan and you have been asking yourself what it is, right? It is a loan lending product that facilitates access to short-term loans using your cell phone. Vooma loan is available to all KCB bank customers and for you to access this service you should be registered on KCB mobile banking services. The platform is offering a superior loan limit of up to Ksh 300,000 as the maximum amount you can borrow.

Perhaps a Vooma loan is the smartest and quickest funding for emergencies. Furthermore, it has turned around mobile banking and borrowing services to gain robust experiences since it is flexible and faster. In this article, we shall be taking you through the steps of how to apply and repay a vooma loan at your comfort.

Today, the vooma app is available on google play thus digitizing the banking and borrowing experience. In Kenya, it has facilitated secure access to modern and wallet payment services using mobile phones. This means that with your cell phone you easily borrow money on this platform, this is how to apply for a Vooma loan in Kenya

Requirements and What you need to know

• Your KCB account should be signed up for mobile banking services and it should be active
• You are required to have made at least four deposits
• That the account is always operated and will not be overdrawn
• You also need to know that the bank can call you any time for consultation and information needed
• The loan repayment period is one month.

Failure in any of the above requirements you will not qualify to get a Vooma loan

How to Register and apply for a Vooma loan

You can simply use your KCB app to register and follow the steps below to borrow money;

1. Go to the KCB app on your phone
2. Choose loan
3. Select Vooma loan and follow the steps to receive instant cash

USSD Vooma Loan Borrowing Procedure

1. Go to your dial pad
2. Dial *522# and press OK
3. Choose the loans and savings option
4. Vooma loan
5. Reply with the loan request option and follow the steps
6. Money will be sent to your KCB Bank account

The Procedure of How to Repay Vooma Loan

1. Go to your KCB app
2. Select the loan option
3. Choose to repay option under the vooma loan
4. Choose the account you wish to repay from
5. Enter the amount and press OK
6. You will receive a confirmation message concerning your repayment

USSD Vooma Loan Repayment Procedure

1. Go to your dial pad
2. Press USSD *522#
3. Choose loans and savings option
4. Vooma loan
5. Select loan repayment
6. Choose the account you wish to pay from
7. Enter the amount you wish to repay and enter your mobile banking PIN

Checking Your Loan Limit

• You can easily check your loan limit by dialing *522#
• Select loans and savings, vooma loan then check your limit

 

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