Thursday, September 09, 2021

How Do I Roll Over KCB Mpesa Loan

    September 09, 2021   No comments

KCB Mpesa



How to roll over kcb-mpesa loan? The repayment period for KCB Mpesa loans is 30 days (1 month). If you can't manage to make the loan repayment after the 30 days ,you can roll over the loan.

KCB Mpesa provides loans ranging from ksh 1,000 to a maximum of ksh 1,000,000 ( ksh 1 million) instantly to any qualified borrower. 

How to Roll Over KCB-MPESA Loan

If you can pay the loan after the 30 days elapse the loan is automatically rolled over for another 30 days as described by the lender below;

In the event that you do not repay the loan in full within the agreed repayment period, the Bank will automatically roll over any outstanding amount in respect of the loan for a further period of thirty (30) calendar days.  

You can however, top up your kcb-mpesa loan to initiate the rollover process yourself. If your KCBMPESA limit is not exhausted by your first loan, take another loan. This way your total loan will be rolled over to another 30 days.


What happens if you don't pay KCB Mpesa Loan

After the loan roll over (60 days) and you still can't repay the loan, KCB will take  a step to contact you the borrower in a bid to recover the loan. There's an additional late fees after the 60 days.

Can I be blacklisted with CRB for KCB Mpesa loan

KCB will take an action of reporting for blacklisting to the CRB if your loan stays unpaid for over 90 days from the agreed due date.

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Mwabaya Katana

About Mwabaya Katana

Mwabaya is an experienced and talented finance content creator based in Kenya. He is the Founder of Loans Kenya Blog.

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