Non-Bank Loans in Kenya

Tala gives you access to KES 1,000 to 50,000 through your phone, with repayment terms of up to 61 days and interest ranging from 0.3% to 0.6% per day. Once you apply and get approved, the money hits your M-PESA almost instantly—no paperwork, no bank visits.

I think Tala is great for sorting emergencies or short-term gaps, but it should never become part of your monthly budget plan.

Branch gives you access to quick loans starting from KES 500 and going up to KES 300,000, with repayment stretched between 62 days and 12 months. The interest sits anywhere between 2% and 18% per month, depending on how you’ve handled your previous loans.

Branch makes sense for emergencies or one-off gaps, but the interest rates mean it’s best treated like hot coal—use it briefly, then drop it.

With Faulu’s M-Loan, you can borrow anything from KES 1,000 up to 300,000, and settle it in 30 to 180 days depending on your pocket. Monthly interest ranges between 2% and 5%, and the process is done straight from your phone—no forms, no queues.

This loan works best when you have a small emergency or a quick business top-up—but only if you’re sure you can pay it off on time.

KWFT gives women across Kenya access to loans starting from just KES 5,000 all the way to KES 360,000 for business needs, with repayment terms of 3 to 36 months, and interest charged at a flat 20%–22% per year. For salaried workers, their check-off salary loan stretches up to KES 5 million, repayable in up to 96 months, no title deed or guarantors needed—just your ID and payslips.

KWFT has done a solid job offering fair and flexible loans to women and salaried Kenyans—but only the borrowers who read the fine print and manage payments well truly benefit.

Mogo gives car owners quick access to between KES 150,000 and 3.25 million, using their vehicle logbook as security, while letting them keep driving. Repayment runs for up to 30 months, with interest starting at around 4% monthly, and they promise no funny deductions or surprise fees.

I think Mogo is a strong option for people with assets like a car or payslip, but you must treat the loan with discipline—it’s not cheap money.

With Stima SACCO, members can borrow up to three times their savings under the Normal Loan plan, repayable over a period of up to 60 months, at an interest of roughly 1% per month on reducing balance. For bigger needs, the Super Loan stretches to four times your deposits, with slightly higher interest—but the same five-year window to repay in peace.

Stima SACCO does a good job supporting members with low-cost, long-term loans—but the value you get really depends on your saving discipline.

MyCredit hands out check-off loans of between KES 5,000 and KES 3 million, with repayment periods stretching up to 10 years—and you don’t need to walk into a bank or bring title deeds, just your payslips and ID. Their logbook loans go up to KES 5 million, and if your paperwork is in order, the money hits your account in under 24 hours.

I’d say MyCredit works well for salaried Kenyans who need fast, serious money—but only if they fully understand the repayment math before jumping in.

With Momentum Credit, you can borrow up to KES 2 million against your car logbook and still drive it while you pay—approval usually takes less than 16 hours. For lighter needs, their Ezua Chapaa mobile loan drops cash to your phone in just 6 hours, with flat rates starting from 4% per month, no hidden charges, and no need to queue.

Momentum gets you out of a fix fast, but you have to go in sharp—these loans are for short-term gaps, not long-term plans.

At Unaitas SACCO, members can access loans of up to KES 5 million, with repayment terms running as long as 96 months—and you don’t need to put up your land or car as security. Whether it’s their check-off loans for salaried workers or their savings-based Normal and Super Loans (up to 4× your deposits), they’re built to support consistent savers who need meaningful credit.

Unaitas has built a solid system that rewards savings with affordable credit—and for anyone looking to borrow smart, this SACCO earns real respect.

Ngao Credit gives you quick access to loans ranging from KES 100,000 to KES 4 million, using your car logbook as collateral. You’ll keep driving your car while repaying over a flexible period of up to 24 months, with interest starting at 3.5% per month, no surprise charges, and same-day disbursement if your paperwork is straight.

I’d say Ngao Credit delivers quick, honest lending—but you need to stay sharp, repay on time, and avoid long loan terms if you want real value.

Zenka offers instant loans from KES 500 up to KES 200,000, directly to your M-PESA. The repayment period runs between 61 and 180 days, with flexible terms—but interest rates can range widely, from as low as 2.45% to much higher depending on your credit profile.

Zenka works well for short-term needs and larger emergencies, but you need to treat it like a cash advance—not long-term credit.

Rafiki Microfinance Bank gives you fast-access loans up to KES 300,000, no collateral needed, and approvals can land you money in under 24 hours. Interest sits around 2.5% per month, with repayment periods stretching between 1 and 12 months, depending on the product and your ability to pay.

I rate Rafiki as a solid option when you need a clean, quick loan to grow your hustle—but only if you’re sure you can keep up with the payments.

Oya gives fast, unsecured loans of up to KES 300,000, mostly for small businesses around Nairobi, with decisions made in less than 48 hours. No guarantors or security needed—just basic documents and proof your hustle has been running for at least 6 months.

For a small business with steady income, I’d say Oya is one of the more responsible microcredit options around—especially if you prefer talking to a person, not just an app.

With Jijenge, you can access loans of up to KES 10 million, secured either by your logbook or title deed, and walk out with cash in under one hour. The interest sits around 3.75% per month, and repayment stretches to as long as 5 years, giving borrowers breathing room to invest or recover.

Jijenge works well if you’ve got assets and a plan—just don’t treat it like free money because they play no games with defaults.

Carbon offers short-term mobile loans starting from KES 500 up to KES 50,000, with repayment periods between 61 and 365 days. Interest starts at 4.5% per month and can go up depending on your loan history, but the process is 100% online—no paperwork, no queues.

I’d say Carbon is a good fix when you need quick money, but treat it with respect—late payments will sting.