Bad Credit Loans in Kenya

MOGO gives out logbook loans of up to KES 500,000, payable in up to 30 months, with interest charged monthly at about 4% on a reducing balance. For boda-boda loans, riders pay as little as KES 236–366 per day, and the loan comes with no processing or valuation fees – you get the full amount upfront.

MOGO is one of the more transparent lenders in Kenya for people with bad credit – yes, it’s expensive, but you get your money fast and know exactly what you’re signing up for.

Ngao Credit gives loans from KES 100,000 to KES 4 million, using your car logbook as security, and you can repay over up to 24 months. Their interest is about 3.5% per month on a reducing balance, and the cash hits your account in just a few hours – no CRB check needed.

Ngao is fast, straight with their terms, and open to people with bad credit – a solid choice when time and trust matter more than finding the cheapest deal.

With Jijenge Credit, you can borrow anywhere from KES 50,000 to KES 10 million using your car logbook as security — and yes, you still drive the car. Loans are processed within hours, with flexible repayment of up to 24 months and monthly interest starting from around 3.75%, depending on your car’s value and condition.

For someone who values speed and flexibility more than low interest, Jijenge does the job cleanly and without much headache.

Momentum Credit offers loans from KES 100,000 to 2 million, backed by your logbook, and you still get to drive your car. Repayments run between 3 to 24 months, with a flat 4% interest per month, and the cash usually hits your account within 24 hours once you’re approved.

Momentum works well when speed matters more than getting the cheapest deal — they’re quick, upfront with terms, and fairly easy to deal with.

At MyCredit, you can borrow between KES 100,000 and KES 10 million, depending on your car’s value, with repayment spread over 3 to 24 months. You get around 60% of your vehicle’s forced sale value, and the loan hits your account in about a day — interest is charged at a flat 5% to 6.8% monthly, plus some standard fees.

I’d say MyCredit delivers speed and flexibility for people in a tight spot, but you really need to calculate the total repayment before signing anything.

With Tala, you can borrow between KES 200 and KES 50,000, straight from your phone, and repay within 21 to 61 days depending on the amount. Daily interest starts at around 0.3%, and once you repay two or three loans on time, your limit usually increases automatically.

Tala does a good job for short-term emergencies when speed matters more than cost, but you need discipline to avoid the debt cycle.

Branch gives out loans starting from KES 500 up to KES 300,000, directly through their app or USSD. You can repay over 2 to 12 months, and the monthly interest ranges between 2% and 18%, depending on how you’ve handled previous loans.

Branch is one of the most convenient mobile lenders out there, but you’ve got to be sharp with repayments or the interest will sting.

Zenka gives out mobile loans from KES 500 to KES 200,000, with repayment periods ranging up to 61 days, and interest charges starting from 2.45% to 39% depending on how much and how long you borrow. The full loan lands in your M-Pesa without deductions, and if you pay on time, your next limit goes up automatically.

Zenka works well when used smartly — it’s fast, fair, and easy to manage, but you’ve got to pay it back quick or it’ll get expensive real fast.

Izwe Kenya gives out logbook loans from KES 50,000 all the way to KES 20 million, depending on your car’s value. You repay in 6 to 18 months, with a flat interest of about 3.5% to 4.5% per month, and the money reflects in your account in less than 24 hours once you’re approved.

Izwe works well if you need a large loan quickly and have a solid car to back it up, but the total cost can bite if you’re not paying close attention.

Oya Microcredit gives out loans starting from KES 20,000 up to KES 1 million, mainly targeting small traders and hustlers in Nairobi. You don’t need security or a clean CRB — just your ID, a working business, and the loan is processed in under 48 hours.

Oya gets the street economy — their loans are quick, fair, and human, especially for someone running a biashara that banks don’t look twice at.

Okash gives quick mobile loans from KES 500 up to KES 50,000, and you’re expected to repay within 7 to 30 days. The interest sits at around 1.8% per day, and once you’re approved, the cash hits your M-Pesa almost instantly.

Okash is useful when you’re in a jam and need cash urgently, but unless you repay quickly, the interest hits harder than most people expect.

Most SACCOs in Kenya offer loans of up to 3 to 6 times your savings, with interest rates sitting at around 1% to 1.2% per month on a reducing balance. Repayment can stretch up to 8 years, and once your guarantors are sorted, money is usually disbursed in about 3 to 5 working days.

I trust SACCOs because they’re built around people helping people — you just need patience and consistency, and the rewards follow.

Faulu gives out emergency and personal loans from KES 10,000 up to KES 500,000, with repayment periods ranging from 1 month to 5 years. For salaried people under check-off, you don’t need a guarantor, and interest starts from around 1% per month on a reducing balance.

Faulu is one of the more trustworthy lenders out here — not flashy, but their terms are clean and fair, and that matters more than speed when you’re borrowing real money.

Okolea gives mobile loans from KES 500 to KES 70,000, paid straight to your M-Pesa or bank, with repayment expected in 30 days. You’re charged about 2% interest per day, and the loan includes a 5% processing fee plus insurance, all shown upfront.

Okolea is fine for short-term fixes when you know exactly what you’re doing — but you need to treat it with discipline, or the fees will hit you hard.

Berry gives mobile loans from KES 1,000 to KES 60,000, with repayment periods between 65 and 120 days. The total cost (facilitation fee) ranges from 9% to 27%, and you’ll see the full breakdown before they send money to your M-Pesa.

Berry is clean and fast for small emergencies, but it’s not for stretching — repay fast or feel the pinch.