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KCB M-PESA loan calculator (2026)

Model the exact net cash you receive and the total amount you repay on a KCB M-PESA loan. Includes the 9% facility fee, 7.5%/month interest, 20% excise duty, and a CRB-listed mode for borrowers with negative credit listings.

KCB M-PESA loan calculator

Min KES 100, max KES 1,000,000

Longer terms mean more total interest.

You receive (after fees)

KES 8,920

You repay

KES 10,900

≈ KES 10,900/month over 1 month

Loan amount (principal)
KES 10,000
Facility fee (9%)
-KES 900
Excise on facility fee (20%)
-KES 180
Net cash disbursed
KES 8,920
Interest at 7.5%/month × 1 mo
KES 750
Excise on interest (20%)
KES 150
Total repayment due
KES 10,900
Total cost of credit
KES 1,980
Effective APR
266.4%

Note: KCB M-PESA is one of the few KE mobile loans that will lend to CRB-listed borrowers (up to a reduced cap, currently around KES 50,000). Eligibility depends on your M-PESA transaction history.

By paybillke · Updated May 2026 · KCB M-PESA published rates

Independent. Not affiliated with any company listed.

KCB M-PESA T&Cs (9% facility fee, 7.5%/mo interest); Finance Act 2025 (20% excise on fees + interest)

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How KCB M-PESA loans actually work

KCB M-PESA loans charge a one-off 9% facility fee at disbursement plus 7.5% interest per month of the term. The Finance Act 2025 applies a 20% excise duty to both the facility fee and the interest. The full repayment is due at the end of the term (or split across the term if you select a multi-month option).

A KES 10,000 loan for 1 month therefore costs roughly KES 2,000 in total — facility fee (KES 900) + excise on facility (KES 180) + interest (KES 750) + excise on interest (KES 150) = total cost KES 1,980 → effective monthly rate ~22% (~280% APR). For very short tenors this is competitive with peers; for longer terms it stacks up fast.

Why borrowers still use it

KCB M-PESA is one of the few mobile loans in Kenya that lends to CRB-listed borrowers (up to a reduced cap, typically KES 50,000). For someone who urgently needs cash and is locked out of most digital lenders, this matters. Our dedicated guide KCB M-PESA loan when CRB-listed walks through eligibility and what to expect.

What this calculator does not model

  • Penalty rates on late payment (compounding daily charges if you miss the due date).
  • Auto-debit from your M-PESA wallet — KCB sweeps the wallet daily until repaid.
  • The credit-score impact of late repayment, which feeds back into your CRB listing.

Frequently asked

Why are short-term mobile loans so expensive?

Two structural reasons: very short tenors with fixed fees mean tiny absolute fees produce large APRs (1% over 1 week is ~52% APR), and the credit risk on un-collateralised mobile loans is genuinely higher than secured bank loans. The 7.5%/month rate is normal for the segment, not predatory by KE standards.

Can I really get a KCB M-PESA loan when CRB-listed?

Often yes — KCB has one of the more flexible CRB policies. The cap is reduced (typically KES 50,000 vs the un-listed ceiling) and the interest rate may be 1-2% higher. See our /guides/kcb-mpesa-loan-when-crb-listed for the eligibility checklist.

How does this compare to Fuliza or M-Shwari?

Fuliza is cheaper per day (~1% facility + 1.083%/day) but only useful for overdrafts of seconds-to-days. M-Shwari is structurally similar to KCB M-PESA but with smaller caps and a stricter no-CRB policy. For KES 5,000-50,000 over 1-3 months and you're CRB-listed, KCB M-PESA is usually the only working option.

Is the APR really that high?

Yes. Most KE short-term mobile loans clock in at 100-300% APR when annualised. Use them for genuine short-term liquidity gaps, never for funding lifestyle or longer-term needs. The /guides/best-loan-apps-kenya-2026 effective-APR table compares all of them like-for-like.

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