Compare Loans in Kenya
82 loan products. Mobile loans, bank-backed, personal, auto, and asset finance. Find the right loan for your needs.
Loan types at a glance
Different loans for different needs. Speed, cost, and requirements vary significantly.
| Loan Type | Typical APR | Speed | Max Amount | Requirements |
|---|---|---|---|---|
| Mobile Loans | 80-630% | Instant | KSh 50K | ID, M-PESA |
| Bank-Backed Mobile | 13-45% | Minutes | KSh 5M | Bank account, income |
| Bank App Loans | 12-25% | Same day | KSh 10M | Bank customer, salary |
| Personal Loans | 14-28% | 1-3 days | KSh 5M | Payslips, bank statements |
| Auto Loans | 13-20% | 1-2 weeks | KSh 10M+ | 30% deposit, logbook |
| Asset Finance | 15-22% | 2-4 weeks | KSh 50M+ | Business, 20-30% deposit |
Top picks by category
Our editorial picks for each loan type. Based on APR, speed, and user experience.
M-Shwari
Most accessible mobile loan. Instant disbursement, no paperwork. Best for emergencies under KSh 10K.
KCB M-PESA
Best balance of speed and cost. KCB-backed, higher limits than pure mobile loans.
Faulu Kenya
Competitive rates for salaried employees. Flexible terms, transparent fees.
NCBA Bank
Leading car finance provider. New & used cars, competitive rates, fast approval.
Loan repayment calculator
Estimate your monthly payments for different loan amounts and terms.
How to choose the right loan
Not all loans are created equal. Match the loan type to your actual need.
📱 Mobile Loans
Best for: Emergency cash under KSh 10K, same-day repayment
Avoid if: You need more than KSh 50K or longer than 30 days
Watch out: APRs of 100-600%+. Only use for true emergencies.
🏦 Bank-Backed Mobile
Best for: Quick cash KSh 10K-5M, 1-6 month terms
Avoid if: You don't have a bank account or regular income
Watch out: Late fees, CRB listing for defaults
💰 Personal Loans
Best for: Planned expenses (school fees, medical, renovation)
Avoid if: You need cash today (takes 1-3 days)
Watch out: Processing fees (2-5%), insurance add-ons
🚗 Auto Loans
Best for: Buying a car (new or used)
Avoid if: You can't afford 30% deposit
Watch out: Comprehensive insurance required, logbook held by bank
🏗️ Asset Finance
Best for: Business equipment, machinery, trucks
Avoid if: You're a startup without cash flow history
Watch out: Asset repossessed if you default
Frequently asked questions
What's the cheapest type of loan?
Bank app loans and personal loans have the lowest APR (12-25%). Mobile loans are the most expensive (80-630% APR) but fastest.
How quickly can I get a mobile loan?
Instant to 5 minutes. M-Shwari, KCB M-PESA, and Fuliza disburse immediately after approval.
Do loans affect my CRB?
Yes. All CBK-licensed lenders report to CRB. Late payments or defaults will negatively impact your credit score.
What's a good APR for a personal loan?
14-18% is competitive for salaried employees. Above 24% is expensive. Mobile loans at 100%+ APR should only be used for emergencies.
Can I get a loan without payslips?
Mobile loans don't require payslips. Bank-backed mobile loans may require proof of income. Personal loans typically require 3-6 months payslips.