Are you looking for how to get a private loan in Kenya and want to know the real interest rates out there? We have checked out more than 15 lenders—including big banks like KCB and microfinance institutions like Faulu—and put together all their loan amounts, repayment periods, and average rates in one easy table. Before you start, just take our quick 5-question quiz to see if a bank, MFI, or mobile lender suits your needs best.
License #065
Assistance to Kenyan citizens in resolving financial difficulties. Consumer loans for individuals ranging from 400,000 to 5 million Kenyan Shillings. Issuance regardless of credit history. Applicants without stable employment and with previous credit delinquencies are accepted. I work individually with each client. A personal meeting is required. Cash issuance strictly in Nairobi. Borrower age from 24 to 60 years. You can count on a guaranteed positive outcome. Decision made today. Only two documents required: ID and KRA PIN. Payment upon completion.
License #068
Easy credit for any purpose through professional specialists. Up to 4,000,000 KES with no upfront fees. Credit approval in banks across cities: Nairobi, Mombasa, Kisumu, Nakuru, Eldoret, Thika for borrowers aged 18-65 from any region in Kenya. Approval even with bad credit history! Including blacklists, high credit load, and arrears. Commission is no more than 10% after the disbursement of funds to you.
We also collaborate with many Kenyan investors (arrange private loans).
Call and write, we are available every day, no weekends.
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License #120
Urgently need money? I offer personal loans with a maximum term of 7 years. Any amount up to 5,000,000 KES. No credit bureau checks or advance payments. No collateral or guarantors required. Your poor credit history, debts to banks, being blacklisted, or current defaults do not matter to me. Interest rates are determined individually. Favorable terms offered. Region of residence does not matter. Personal collection available only in Nairobi, Mombasa, Kisumu, Nakuru, Eldoret.
License #068
We have been working for 13 years alongside security services. We meet in Nairobi.
We start with both zero and poor credit history. For those not officially employed, Kenyan citizens from 21 years old, 9 banks to choose from with rates starting from 9 – 15% per annum. Acceptable fee for the service. You get paid – we get paid!
License #120
Loan without upfront payment, guarantors, or collateral.
Quick resolution of financial issues.
Assistance in obtaining loans or private funding. Help for borrowers from any region in Kenya.
Credit history, criminal record, and existing overdue payments are considered individually.
Comprehensive support and consultation.
Payment for our services only upon receipt of the loan.
Age from 22 to 60 years.
Applications are accepted via email or phone.
License #069
I lend money to individuals in need of an urgent loan. No upfront fees or paid services, money is given on honest and transparent terms based on basic documents with a low-interest rate up to 4,000,000 KES. The loan purpose can be any. No collateral or guarantors required. You will need: an ID and a second document, and some information about you in case of a positive loan decision! Credit history and registration are not important! Contact me via email, I am open to a transparent deal and successful, timely cooperation.
| Lender | Loan Amount (KES) | Loan Term | Interest Rate (p.a.) | Bonuses/Promotions |
|---|---|---|---|---|
| National Bank of Kenya | 50,000 – 6,000,000 | 6 – 84 months | Approx. 16% – 20% | Loan buy-offs from other institutions. |
| Bank of Baroda Kenya | Up to 1,500,000 | Up to 36 months | Approx. 18% – 22% | No processing charges. |
| Standard Chartered Kenya | Up to 7,000,000 | 6 – 84 months | From 19% | Balance transfer/consolidation of other loans. |
| Co-operative Bank of Kenya | 50,000 – 8,000,000 | Up to 96 months | Approx. 17% – 21% | Flexible terms, loans available in KES and USD. |
| Stanbic Bank Kenya | 100,000 – 7,000,000 | Up to 96 months | Personalized rates | Loan top-up available. |
| Equity Bank Kenya (Eazzy Loan) | 100 – 3,000,000 | Up to 24 months | Approx. 1.5% – 2.5% per month | Instant mobile loan. |
| Kingdom Bank | Up to 6,000,000 | Up to 120 months | Approx. 15% – 19% | Mobile loans available. |
| KCB Bank | 20,000 – 8,000,000 | Up to 48 months | Approx. 16% – 21% | KCB M-PESA mobile loans. |
| Absa Bank Kenya | Up to 6,000,000 | Up to 72 months | Personalized rates | Loan top-ups after 6 months. |
| I&M Bank | 50,000 – 3,000,000 | 6 – 36 months | Varies per customer | Instant loan approvals. |
| Microfinance Institutions (MFIs) | ||||
| Premier Kenya | Varies | Up to 120 months | Approx. 2.35% – 5.3% per month (flat rate) | Logbook loans available. |
| Izwe Kenya | Up to 2,000,000 | Up to 120 months | Varies | Salary advance and logbook loans. |
| Faulu Microfinance Bank | Varies | Varies | Approx. 21% (reducing balance) | Business and Chama (group) loans. |
| Rafiki Microfinance Bank | Varies | Varies | Approx. 15% – 29% | Loans for various sectors like energy and agriculture. |
| Kenya Women Microfinance Bank (KWFT) | From 10,000 | Varies | Approx. 20% – 27% | Focus on financing for women entrepreneurs. |
It really depends, but many of them charge higher rates than banks. Some short-term loans can cost you nearly 40% more by the time you repay in full. Always check the full repayment amount before accepting any offer.
They don’t just look at your payslip or bank balance. A lot of them check your M-Pesa activity, social media behaviour, and even your phone contacts to figure out your credit habits. It’s all about how risky you look to them.
Not always. While regulated lenders follow data protection rules, some unregistered apps have been known to share people’s contacts or send embarrassing messages when someone delays payment. So always pick a lender that’s approved by CBK.
If they’re licensed by the Central Bank of Kenya, they’re good to go. Since 2022, digital lenders need CBK approval to operate. You can check the CBK website to see if a lender is listed.
For many digital lenders, once you’re approved, the money hits your M-Pesa almost immediately—sometimes within five minutes. Others may take a bit longer, depending on their process.
Some lenders will keep adding late fees, others might call your contacts or list you with CRB. It's better to communicate early if you're struggling, rather than go silent.
Answer these 5 questions to get a better idea of which loan type best suits your needs.