Personal Loans, Instant Loans, Easy & Quick Unsecured Loans in Kenya (2024)

Get an easy loan of up to 6 Million shillings without security and achieve your dreams; get the best education for your children, go on a shopping spree in Dubai, put up a down payment for your dream house, take advantage of that investment opportunity. This is a quick loan with a turnaround time of less than 48 hours. It’s designed for the employee of a company with a check-off agreement with NBK.

Why choose Unsecured Loan

Rates and fees

  • Loan amount – minimum of KSh 50,000 and maximum of KSh 6,000,000
  • Interest Rate – CBR + Bank Margin % p.a reducing balance.
  • Tenure – minimum of 6 months and a maximum of 84 months
  • Negotiation fees – 2% for new loans and buy offs; 1.5% for top-ups

Internal costs

  • Appraisal fees

External costs

  • Excise duty
  • Risk margin (insurance against retrenchment and death)

I would like to get an estimate for a loan

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Personal Loans, Instant Loans, Easy & Quick Unsecured Loans in Kenya (2024)

FAQs

Where to borrow money urgently in Kenya? ›

Get a loan urgently in Kenya today? Get a quick instant loan at a low-interest rate at Mwananchi Credit Limited through our official website. Our loans are affordable and easy to get. You can as well call us on 0709147000 or Email us: info@mwananchicredit.com.

Where can I get a $20,000 loan in Kenya? ›

This is a mobile loan available to Amref Sacco members. To qualify for a loan, you need to have 3 months of active membership. The credit limit will be graduated upward from KSh 10,000, 20,000,30,000,40,000 to 50,000 depending on repayment history and credit scoring.

How can I get an instant loan from Mpesa in Kenya? ›

How does it work?
  1. Access the M-PESA menu.
  2. Select Loans and Savings.
  3. Select M-Shwari.
  4. Select Loan.
  5. Request Loan.
  6. Enter amount.
  7. Enter your M-PESA PIN.
  8. Loan amount will be sent to your M-PESA Account. The loan amount to be paid will be in inclusive of the facility fee.

Where can I get a loan of $50,000 in Kenya? ›

For close to 10 years, millions of Kenyans have trusted Tala to get them through everyday challenges. Trusted by millions, Tala offers fast growing cash limits up to KSh 50,000. Low interest starting at 0.3% per day. For close to 10 years, millions of Kenyans have trusted Tala to get them through everyday challenges.

How can I get instant money in Kenya? ›

Tala emerges as the number one loan app in Kenya due to its low-interest charges on loans, which start from 0.3% per day. It also offers instant cash disbursem*nt without a rigorous background check on credit history, making it an attractive option for borrowers with limited or poor credit history.

What is the number one loan app in Kenya? ›

Top Finance Apps Ranking in Kenya on 30 May
Store RankApp and Publisher
11Zenka Loan App KenyaZenka Digital Limited
22LendPlus - loan app KenyaAVENTUS TECHNOLOGY LIMITED
33Zash Loan-Get Cash instantlyZillions Credit Limited
44Creditmoja - Cash Loan AppRisine credit limited
46 more rows

How can I get an instant loan immediately? ›

XpressLoan is an instant personal loan from LazyPay of upto Rs. 5 lakhs. You can apply for a personal loan online, which will be sent directly to your bank account after approval. Approvals usually take 5 mins without needing paperwork or physical documents.

What credit score do I need for 20k loan? ›

This means they'll want to see your credit score, income level and DTI ratio. Requirements vary by lender, but most lenders require borrowers to have a credit score in the good to excellent range — meaning a score of at least 670.

Which bank gives a loan easily? ›

HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours. If you've wondered how to get an instant loan, wonder no more.

How to borrow money from Hustlers Fund in Kenya? ›

You only need to dial *254# across any mobile network or use a mobile app. You also need to be a Kenyan citizen, have a mobile money wallet, and be above 18 years to qualify. You do not need any collateral or guarantors.

Can Safaricom give me a loan? ›

Access loans instantly, credited to your M-PESA account from a minimum of Kshs. 1,000 and up to Kshs. 1million account charged at 9% Being Loan Fees of 7.5% and 1.5% Excise Duty.

How do I qualify for a KCB loan online? ›

What We Need From You*
  1. Valid Kenyan ID or passport.
  2. Latest Original Pay slips.
  3. Proof of source of income for self-employed individuals.
  4. Active KCB account holder for a minimum of 6 months.

Where can I get a 20,000 loan in Kenya? ›

Grow with Senti!
  • Get up to Kshs 20000.
  • Easy Loan Application.
  • Fast Decision.
  • Cash Provided in just minutes.

How to get mkopa cash loan? ›

Deposit: Deposit a minimal amount for the desired product. Regular Payments: Make daily, weekly, or monthly payments until the agreed amount is complete. credit Standing: Regular payments build your credit standing with M-Kopa. Access to Loans: Once payments are complete, you can access cash loans and other products.

Which bank has the lowest interest rate on personal loans in Kenya? ›

Top 10 cheapest bank loans
Bankoverall rate (%)
First Community9
Ecobank10.7
HFC11
Access11.2
6 more rows
May 29, 2023

How to get a loan in 5 minutes? ›

Documents Required for Loan in 5 Minutes from moneyview
  1. Confirm or enter your PAN number.
  2. Ensure that your mobile number is linked to your Aadhaar card for KYC verification.
  3. Provide a clear selfie taken in a well-lit area.

How do I borrow hustlers fund in Kenya? ›

You only need to dial *254# across any mobile network or use a mobile app. You also need to be a Kenyan citizen, have a mobile money wallet, and be above 18 years to qualify. You do not need any collateral or guarantors.

How to get a loan in Kenya without security? ›

What We Need From You*
  1. Valid Kenyan ID or passport.
  2. Latest Original Pay slips.
  3. Proof of source of income for self-employed individuals.
  4. Active KCB account holder for a minimum of 6 months.

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