Vooma Mobile Loan is a loan product offered by KCB Bank Kenya through its KCB M-Pesa mobile banking platform. It is designed to provide fast and convenient access to credit for individuals and small businesses, helping them meet their short-term financial needs.
With competitive interest rates and flexible repayment terms, the Vooma is one of the most reliable and accessible loan solutions in Kenya.
How to Access Vooma Mobile Loan
To access a Vooma Mobile Loan, you need:
- An active M-Pesa account.
- Registration on the KCB M-Pesa platform.
You can apply for the loan by dialing USSD Code *844#, selecting the Vooma loan option, and following the prompts. Alternatively, you can download the Vooma Loan App from Google Play Store or App Store to manage your loan application.
Loan Amounts and Interest Rates
The Vooma offers amounts ranging from Ksh 100 to Ksh 1 million. Repayment periods vary between 1 month, 3 months, or 6 months, depending on the borrowed amount. The interest rates are as low as 6.91%, making it one of the most affordable emergency mobile loans in Kenya.
How to Qualify for a Vooma Mobile Loan
To qualify for a Vooma Mobile Loan, you must:
- Be an active user of KCB M-Pesa.
- Maintain a good credit history with KCB Bank.
- Have an active Safaricom M-Pesa account.
The loan amount you qualify for depends on your credit score and repayment history.
Why Choose Vooma Mobile Loan?
- Flexibility: Loan amounts starting at Ksh 100 and extending to Ksh 1 million.
- Convenience: Easy application via USSD (*844#) or the Vooma Loan App.
- Reliability: Competitive interest rates and fast disbursement to your M-Pesa account.
- Support: Accessible customer care via the app or at any KCB branch.
How to Repay Your Vooma Loan
Repayments can be made directly through the Vooma Loan App. If unavailable, you can visit any KCB branch for assistance. Currently, there is no designated Paybill number for repayments.
Frequently Asked Questions
- How to Register for Vooma: Dial *844# and follow the prompts to register.
- How to Activate KCB M-Pesa Loan: Dial *844#, apply, and await disbursement.
- Vooma Loan USSD Code: Use *USSD 844# for registration, application, and payments.
With Vooma Mobile Loan, accessing financial help has never been easier. Whether you’re an individual seeking emergency funds or a small business needing operational cash flow, Vooma ensures you are covered. Try it today!
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