KCB Loan Interest Rates

This article will give you an overview on the interest rates charged by KCB bank for unsecured personal loans. KCB is a leading bank in Kenya and offers some of the best competitive interest rates that you can find compared to so many other banks in the country.

It is important to note that the central bank of Kenya regulates the lending rates and therefore bank are only able to work and lend within a specific margin.

Currently the KCB interest rates on personal loan is 17.84% pa. This is an increase from 14.7% from the previous year(2023)

Apart from the interest rates it is important to note that there are other charges that you will also incur when applying for a loan with KCB bank.

Here is a breakdown of additional fee that you will be charged. The list is subject to change depending on the time you are reading this

Total Cost Breakdown (Loan Fees):

Interest Minimum: 17.84% pa

Interest Maximum: 17.84% pa

Processing fee: 2.5%

Insurance Fee: 0.54%

Other Fees: 20% Excise Duty

Processing Fees and Excise duty are only applied to year one. For loans longer than one year, your annual cost from year two onwards will be 17.84% pa.


Currently you can get an easy loan of up to Kes 8 Million with no security, and a repayment period of up to 96 months. Simply provide proof of a steady income, be an active KCB account holder for a minimum of 3 months, and you’re all set for a quick loan.

Here is a summary

Valid Kenyan ID or passport

Latest Original Pay slips

Proof of source of income for self-employed individuals

Active KCB account holder for a minimum of 6 months

CRB listing status

*A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords.  Remember, PIN yako siri yako.

Bank loan interest rates as at 11th march 2024
(1). Absa 18%
(2).Kcb 17.84%
(3).Co-op 17 %
(4). Family bank 17%
(5).Nbk 17%
(6).Equity 16%
(7). Saccos 14%

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Majira Media

Keeping you in the loop. I write to share information that matter. From technology to business tips, I share information to inspire and educate