If you’re a member of Kenya Bankers Sacco, understanding how to repay your loan seamlessly via M-Pesa can save you time and effort. Kenya Bankers Sacco is a renowned deposit-taking Savings and Credit Cooperative Society (Sacco) established on February 14, 1975. With its head office located along 3rd Ngong Avenue in Nairobi and branches nationwide, the Sacco serves over 25,000 members drawn from banks, financial institutions, and other financial service providers.
This article provides a comprehensive guide on how to repay your Kenya Bankers Sacco loan through M-Pesa, ensuring your payments are convenient and timely.
About Kenya Bankers Sacco
Kenya Bankers Sacco offers a range of financial products to its members, including:
- Education Loan
- Express Loan
- Development Loan
- Micro-Loan
- M-Loan
- Super Loan
- Karibu Loan
- Asset Finance
- Boresha Maisha Loan
- Afya Imara Loan
- Share Capital Loan
- Fixed Deposit Savings
Members enjoy tailored financial solutions that meet their diverse needs, whether it’s for education, health, development, or emergencies.
How to Repay Your Kenya Bankers Sacco Loan via M-Pesa
Repaying your loan via M-Pesa is straightforward. Follow the steps below to ensure a smooth transaction.
Step-by-Step Guide
- Go to Your M-Pesa Menu
Access the M-Pesa menu on your mobile phone. - Select “Lipa na M-Pesa”
Choose this option to initiate your payment. - Select Paybill
Paybill is the most convenient way to make payments to Kenya Bankers Sacco. - Enter the Sacco Paybill Number
Use 400444 as the Business Number. - Enter Your Account Number
Your account number will depend on the loan type you’re repaying. Replace the placeholder (xxxxx) in the formats below with your 5-digit member number. If your member number is less than five digits, add leading zeros to make it five (e.g., member number 5 becomes 00005).Account Number Formats for Various Loan Types:- Fosa Savings:
010xxxxx011 - Main Savings:
200xxxxx211 - Education Savings:
200xxxxx411 - Micro Savings:
200xxxxx711 - Risk Management:
200xxxxx311 - Super Loan:
200xxxxx351 - Development Loan:
200xxxxx251 - Education Loan:
200xxxxx451 - Micro Loan:
200xxxxx551 - Express Loan:
200xxxxx151 - Smartlife Loan:
200xxxxx261 - M-Loan:
300xxxxx211 - Electricity Loan:
400xxxxx211 - Mobile Banking Fosa Advance:
310xxxxx211 - Kopa Credit:
320xxxxx211
- Fosa Savings:
- Enter the Repayment Amount
Specify the amount you want to pay toward your loan. - Enter Your M-Pesa PIN
Key in your M-Pesa PIN and confirm the transaction. - Confirm the Payment Details
Ensure that the payment is being sent to Kenya Bankers Sacco (KBSACCO) before completing the transaction.
Benefits of Repaying Your Loan via M-Pesa
- Convenience: Pay from the comfort of your home or office.
- Speed: Transactions are processed instantly.
- Accessibility: Available 24/7, regardless of location.
- Transparency: Clear payment records in your M-Pesa and Sacco accounts.
Why Choose Kenya Bankers Sacco?
- Flexible Loan Options: Kenya Bankers Sacco offers diverse loan products that cater to personal, business, and emergency needs.
- Affordable Rates: Competitive interest rates make borrowing accessible to members.
- Member-Centric Services: Tailored solutions and excellent customer support.
- Reliability: Decades of experience in serving members’ financial needs.
Kenya Bankers Sacco Contacts
If you encounter any issues or need further assistance, reach out to Kenya Bankers Sacco using the following contact details:
- Phone: +254 20 514 6500
- Email: help@kenyabankers.coop
Ready to make your Kenya Bankers Sacco loan repayment even easier? Use M-Pesa today for quick, secure, and hassle-free payments. For more information about Kenya Bankers Sacco’s loan products or to become a member, visit their official website or contact their customer service team.
