Secured Loans in Kenya

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With KCB, you can borrow up to the full value of your asset—whether it’s a title deed, logbook, machinery or shares—with repayment periods of up to 5 years for personal and business loans, and even up to 10 years for SMEs. The rates are pegged to the central bank rate, usually sitting around CBR + 4%, and the loan can go all the way up to KES 250 million depending on the asset.

Advantages

Big loan potential – You can get serious money, especially with clean land or vehicles as security.
Repayment that fits your hustle – From 12 months up to 10 years, they’ll match your pace.
You don’t need to be salaried – Self-employed folks and small business owners also get considered.
Fair pricing structure – No funny hidden costs, just a 2.5% processing fee and interest that’s market-linked.
Wide collateral options – They accept more than just land—logbooks, shares, business assets too.

Disadvantages

Interest can shift – Since it’s tied to the central bank rate, your instalments might rise over time.
Upfront costs are there – The 2.5% fee plus valuation and legal charges can add up early on.
Paperwork needs to be clean – Any issues with your asset or title can slow things down or derail approval.

KCB’s secured loan is a solid pick if you’ve got proper collateral and need access to big credit with structured, manageable repayment.

Online application

At KCB, you can borrow up to the full value of your asset—be it land, a logbook, business equipment or shares—with loan terms of up to 5 years for individuals and 10 years for businesses. Interest is pegged at CBR + 4%, with a one-time 2.5% processing fee, and funding can go all the way up to KES 250 million depending on the asset.

Advantages

High limits, big flexibility – Whether it’s for a biashara expansion or a land-based loan, they offer serious headroom.
Tailored repayment terms – You’re not boxed into short cycles — up to a decade for SMEs gives room to breathe.
You don’t need a payslip – Even self-employed borrowers or hustlers with clean collateral get considered.
Fair interest structure – Rates follow the central bank, so no funny business.
Collateral options are wide – Not just land — shares, vehicles, and even business equipment are welcome.

Disadvantages

Rates can go up – Since it’s pegged to the CBR, your repayment can change if the economy shifts.
Startup costs bite – With the 2.5% fee, legal fees and valuation charges, the upfront cost isn’t light.
Clean paperwork is a must – If your title has issues or your asset can’t be verified, you’ll face delays.

This is one of the more solid secured loan options on the Kenyan market — structured, scalable, and accessible to both SMEs and individuals who have something valuable in hand.

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Co-op Bank offers loans backed by your property—whether it’s land, a car logbook, or business machinery—with repayment periods of up to 5 years and interest set at Base Rate + 4%. MSMEs can borrow from as little as KES 600,000 to as much as KES 10 million, depending on their tier and what they put on the table.

Advantages

Different packages for different stages – Whether you’re just starting or already scaling, Bronze, Silver and Gold loan brackets have you covered.
Longer repayment terms – Up to 60 months gives you space to plan and breathe.
Rates are fair and transparent – No wild swings; you know what you’re dealing with upfront.
They accept real-world assets – Title deed, car, or even machinery—whatever you’ve got, they’ll look at it.
No hidden shocks – Appraisal and processing fees are clearly stated, so you don’t get ambushed mid-process.

Disadvantages

Some upfront costs still apply – You’ll pay application and appraisal fees ranging from KES 3,000 to 15,000, depending on loan size.
Shorter repayment for unsecured – If you’re not backing the loan with an asset, they’ll only give you up to 24 months.
Your paperwork has to be watertight – Asset valuation, land search, and compliance checks can slow things down if not sorted.

Co-op’s secured loans are a strong pick for business owners or salaried borrowers who want structure, flexibility and fair terms—just come ready with solid paperwork.

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With Stanchart, borrowers can access up to KES 100 million using property, vehicles, or investments as security, and repay over a term that can stretch up to 20 years. Interest sits between 15% and 19.5% per annum, with a standard 1% facility fee (minimum KES 10,000) plus legal and valuation costs depending on your collateral.

Advantages

You can go big – The upper limit of KES 100M gives room for serious investment or refinancing.
Longer repayment period – Up to 20 years allows you to space out your payments, especially on big loans.
Flexible security options – Whether you have land, a house, a car, or shares, they’ll consider it.
Straightforward pricing – Facility fees are known upfront and there are no surprise deductions.
Loan purpose is open – Whether it’s for business capital or consolidating debt, they don’t box you in.

Disadvantages

Interest is on the higher side – A rate of 15–19.5% per year means it’s not the cheapest money around.
You pay a chunk upfront – Between legal fees, stamp duty, valuation, and arrangement charges, initial costs can be heavy.
Approval is tight – Everything from your title deed to your income trail needs to be spotless—they don’t cut corners.

Stanchart offers a strong, structured loan for asset owners who want big money and time to repay—but you need to walk in financially prepared and paperwork-ready.

Online application

Absa gives borrowers access to secured loans with repayment terms of up to 10 years, while mortgage clients can get up to 90% financing on property and stretch payments across 25 years. Depending on your loan type, you can choose between fixed or variable rates, with average interest ranging from 13% to 17.5% per annum, calculated on a reducing balance.

Advantages

Long repayment runway – Whether it’s a mortgage or business loan, you get time to repay without choking your cash flow.
You pick your rate style – Fixed rates for peace of mind, or variable if you want to gamble on market shifts.
Property buyers win big – With 90% financing, you don’t need to break the bank to get on the ladder.
Collateral options are flexible – You can use property, land, or other acceptable assets, depending on the loan.
Built-in credit insurance – You’re protected even when life throws a curveball.

Disadvantages

The interest isn’t cheap – A rate of 17.5% on mortgages eats into your total repayment, especially on long terms.
You’ll need proper paperwork – Valuation, title search, insurance, and income proof are a must.
Choosing between fixed and variable needs clarity – If you don’t understand the risks, it could cost you more later.

Absa’s secured loan packages are solid for borrowers with long-term plans and assets to leverage—but you need to go in smart, especially on rate structure and documentation.

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Stanbic Kenya gives you access to secured loans of up to KES 100 million, using assets like land, vehicles, or equipment as collateral, with flexible repayment periods of up to 20 years. The interest rate ranges between 15% and 19.5% per year, depending on your profile and the value of your asset, plus a 1% arrangement fee and standard legal and valuation charges.

Advantages

You can borrow big – Loans go as high as KES 100M, which works for major investments or property development.
Plenty of time to repay – With up to 20 years, you don’t have to stress about short-term cash flow.
They accept a wide range of assets – Whether it’s land, your car, or even business equipment, they’ll consider it.
You know the costs up front – Fees are clearly broken down so there are no surprises midway.
Multi-use funding – It works for personal use, business expansion, asset purchase, or refinancing.

Disadvantages

The interest isn’t soft – At 15–19.5%, it’s higher than some competitors, especially on longer terms.
Starting costs are real – Legal, valuation, and stamp duty can stack up fast, so plan for that upfront.
They don’t joke with paperwork – Title deed, valuation report, income verification—everything needs to be clean and ready.

Stanbic’s secured loans are ideal for borrowers who want size, flexibility, and professionalism—as long as you walk in ready with clean documents and eyes wide open on the rates.

Online application

At NCBA, borrowers can access financing backed by assets like land, vehicles, or equipment, with repayment periods going up to 5 years for business use and 3 years for working capital. Interest rates are tied to the value and type of collateral, and approvals move relatively fast if your paperwork is solid.

Advantages

They accept more than just land – You can use a logbook, machinery, or even a savings account to back your loan.
Loan terms are flexible – For business expansion or personal borrowing, you get repayment options that suit your situation.
They don’t keep you waiting – Once you’ve submitted proper documents, NCBA is known to move faster than most banks.
Options for plots and homes too – Whether it’s a ready house or just a plot of land, they have packages to sort it out.
Transparent pricing – No hidden fees or vague promises; what you see in your loan offer is what you deal with.

Disadvantages

Not all loans run long – Working capital loans cap at three years, so budgeting monthly payments is key.
Valuation is everything – The size of your loan depends entirely on the asset’s market value and how clean your documents are.
They’re strict on paperwork – If your title deed has issues or your logbook isn’t updated, approval will stall.

NCBA’s secured loans are a practical solution for anyone with real assets and a real plan—they’re efficient, flexible, and built for people who don’t have time to jump through unnecessary hoops.

Online application

Diamond Trust Bank lets you borrow against your land, car, equipment, or title deed — financing up to 80% of your project’s value. Repayment can stretch up to 7 years, and for personal loans, once you’ve sorted your paperwork, the cash can hit your account in just 48 hours.

Advantages

Speedy processing – If your docs are clean, they won’t keep you waiting — 2 working days and you’re sorted.
You get real flexibility – Whether it’s buying land, building rentals, or upgrading your tools, repayment can go up to 7 years.
They fund the big stuff – You can raise up to 80% of your project’s value — that’s solid support.
Different assets allowed – Not just land — machinery, vehicles, and even business equipment can unlock funds.
They speak your language – The loan officers actually walk you through the process, no jargon, no games.

Disadvantages

You still need your 20% – DTB doesn’t finance 100%, so you’ll need to top up the rest yourself.
Paperwork has to be watertight – Missing a land search or valuation report? You’ll stall the process.
Rates aren’t advertised – You’ll have to sit down with a loan officer to understand the real cost.

DTB’s secured loans are straightforward and practical — great for anyone with an asset and a goal, as long as you’re not hoping to shortcut on paperwork.

Online application

I&M Bank offers secured loans that cover up to 85% of the asset value, whether you’re financing a new car, land, or equipment—with repayments going up to 5 years for most assets. For property buyers, their Miliki Nyumba mortgage offers fixed interest at 9.5% p.a. for up to 20 years, and the deal can go as high as KES 10.5 million, even for refinancing.

Advantages

You don’t need to cover the whole amount – With 85% financing, you only need to raise a small deposit.
Predictable mortgage rates – That fixed 9.5% means no surprises when rates shift.
They’ll finance used vehicles too – Even cars up to 8 years old can qualify for asset finance.
Flexible loan periods – You get up to 60 months for new assets, and 72 months for older ones.
Refinancing available – Already tied up in another loan? I&M can restructure it under better terms.

Disadvantages

Rates can vary – Asset finance uses CBR plus a margin, which means your rate could climb.
Paperwork must be clean – Missing valuation or title issues will delay approval.
Fees aren’t small – Arrangement fees and legal charges can hit 2% or more upfront.

I&M’s secured loan products feel tailor-made for Kenyans who want serious, long-term financing—whether for a car, home, or business—just don’t walk in blind to the extra costs and loan conditions.

Online application

With Family Bank, you can unlock up to 80% of your car’s or asset’s value, repaid over up to 4 years for vehicles and up to 25 years for mortgages on residential property. Once your documents are clean and valuation is done, disbursement is fast and hassle-free.

Advantages

They move fast – You can get financing for a new car in under 48 hours once your paperwork checks out.
Long repayment periods – Mortgages go all the way to 25 years, meaning your monthly load stays manageable.
They fund real hustle – Need capital for dairy equipment or a pickup for deliveries? They’ll work with that.
Group and employer-based deals – SACCOs and salaried workers get even better rates through check-off plans.
Clear process, no surprises – They break down their charges and interest up front—no hidden stuff along the way.

Disadvantages

Valuation and legal work take time – Title deed searches, stamp duty, and lawyer fees will add some delays and costs.
They’ll check your income closely – If your payslips or bank statements don’t line up, approval might stall.
Interest isn’t always fixed – Most of their loans run on floating rates, so repayments could shift over time.

Family Bank’s secured lending options are well-designed for working Kenyans who are serious about growth—it’s fast, honest, and tailored, but you’ll need to come with clean documents and steady income.

Online application

Faulu Bank offers loans of up to KES 16 million, backed by logbooks, land title deeds, or even shares, with monthly interest from 1.67% and repayment stretched out depending on your cash flow. The process leans heavily on asset strength rather than past credit, which makes it a popular pick for business people and traders looking to unlock capital fast.

Advantages

Big loans without big delays – If your asset is clean, they’ll lend fast and in large amounts.
They don’t fixate on CRB – Having collateral matters more than having a perfect credit history.
Good for business use – Traders, contractors, and small factory owners use it to expand operations.
Flexible repayment plans – You sit down and agree on terms that follow your business cycle.
Supports local growth – From LPO financing to inventory boosts, the loan works for day-to-day Kenyan hustle.

Disadvantages

Interest is on the higher side – That 1.67% monthly adds up quickly if you’re not watching cash flow.
Lots of documents needed – Think valuation reports, land search, guarantors, and clean asset records.
Loan terms vary – Some borrowers get 12 months, others more—it’s not one-size-fits-all.

Faulu’s secured loans are smart for entrepreneurs with strong collateral and a working hustle—they’ll back you when bigger banks hesitate, but you’ll need to be sharp on costs and timing.

Online application

KWFT lends up to KES 10 million to women-led businesses and individuals using land titles, group guarantees, or even household items as collateral, with repayment terms stretching up to 7 years. Whether you’re expanding a salon, stocking a hardware shop, or buying land, once your paperwork checks out, disbursement can be fast and tailored to your repayment pace.

Advantages

Big loan amounts, even for small businesses – From as low as KES 50,000 to KES 10M, they meet you where you are.
Flexible guarantees – Not everyone has a title deed, so group lending and social guarantees make credit accessible.
Long repayment windows – Seven years gives you time to build, grow, and repay without strain.
They don’t just give loans – they walk with you – Trainings, mentorship, and check-in visits are part of the package.
You’re not tied to Nairobi – KWFT’s reach across towns and rural centres means even village-based entrepreneurs can access funds.

Disadvantages

Interest is on the higher side – Flat rates of up to 20% can get expensive if you’re not careful with your numbers.
Group loans are a shared burden – If one member defaults, the whole group feels it.
They’ll need paperwork upfront – From business licenses to guarantor forms, be ready with your documents before applying.

KWFT’s secured loans give real financial muscle to women across Kenya, but it only works well if you’ve got a clear repayment plan and solid support around you.

Online application

With Rafiki, you can borrow up to 90% of the value of a vehicle, boda boda, or tuk tuk—whether brand-new or secondhand (up to 8 years old)—with repayment plans running up to 5 years. Loans go as high as KES 10 million, and you can include insurance within the loan so you hit the road ready.

Advantages

Low deposit, big financing – They’ll cover most of the cost, so you don’t need to empty your pockets up front.
Fast loan approvals – If your papers are clean, funds hit your account in 48 hours or less.
Covers all kinds of wheels – From boda riders to delivery vans and tractors, it’s not just for car owners.
Flexible payback terms – You get to choose a schedule that matches your income, from 1 to 5 years.
Insurance sorted – They bundle it in, so you’re not stuck chasing extra cash for cover.

Disadvantages

Rates aren’t clear online – You’ll need to visit a branch or speak to an agent to know the full cost.
You must have valid documents – Logbook, insurance, valuation—no shortcuts.
No option for unsecured top-ups – If your asset’s value drops, refinancing may be tricky.

Rafiki’s asset loans make sense for everyday hustlers who want quick financing without too many hoops, but you have to walk in eyes open on interest rates and repayment terms.

Online application

At Uwezo, borrowers can access between KES 10,000 and KES 14 million, using their business assets or title deeds as collateral, with repayment spread over a generous term of up to 96 months. The interest sits around 10% on a reducing balance, and the bank focuses mostly on SMEs and traders looking to expand without choking on high monthly costs.

Advantages

Massive loan flexibility – Whether you’re buying stock or equipment, the amount scales with your need.
Soft on monthly strain – With up to eight years to repay, instalments are manageable for most.
Straightforward interest – That 10% reducing balance is easier to track than flat rate tricks.
Tailored for hustlers and SMEs – They don’t need you in a suit—just a working business and good records.
Your assets still work for you – You don’t lose use of your equipment or property while it’s under lien.

Disadvantages

They’ll need real collateral – If your paperwork isn’t clean or your asset is overvalued, your loan could stall.
Long repayment equals more interest – It looks affordable monthly, but it adds up over time.
You need to prove business activity – Dormant companies or unregistered hustles might struggle.

Uwezo’s secured loan offering works best for serious business owners who want room to grow without the pressure of ballooning monthly payments—and who have the right documents in place.

Online application

Musoni dishes out secured loans from as little as KES 5,000 to up to KES 3 million, depending on what you’re securing it with—could be a boda, your logbook, or even your dairy cow. Repayment terms stretch between 3 and 36 months, and once your documents are clear, the money hits your M-PESA faster than a bank manager can say “security.”

Advantages

Instant access via phone – No branches, no suits—everything is done through mobile, including disbursement and repayment.
Friendly for small traders – Whether you’re selling eggs, boda services, or running a small hardware, they’ve got a product that fits.
Loans come in all sizes – From Nawiri group loans starting at KES 5,000 to Kilimo Boosters for farmers worth hundreds of thousands.
Interest rates are known upfront – You pay about 1.67% flat per month, so you’re never caught off-guard.
Built for working Kenyans – Tailored to suit cash flow cycles, especially for small businesses, mama mbogas and rural households.

Disadvantages

Loan terms are short – You’ll need to repay within three years, which might not suit big-ticket projects.
Flat rate interest adds up – It’s simple math, but it still means you might pay more than on a reducing balance.
Groups are non-negotiable for some loans – Nawiri or Stawi loans require group meetings and shared responsibility.

Musoni is perfect for quick, no-hassle credit if you’ve got an asset to show and a plan to pay—it’s fast, fair, and speaks the language of the everyday hustler.

Lender	Loan Product	Loan Amount (KES)	Loan Term	Interest Rate (% p.a.)	Bonuses/Promotions
KCB Bank Kenya	Secured Personal Loan	From 50,000 (up to the value of your security)	Up to 72 months	Approx. 13% – 16%	Occasional promotions for asset financing.
Equity Bank Kenya	Asset Finance Loan	100,000 – 4,000,000,000	Up to 60 months	Approx. 8.5% – 10% (Flat Rate)	Financing for a wide range of assets.
Co-operative Bank of Kenya	Secured Personal Loan	From 50,000	Up to 96 months	Approx. 14.5% – 17%	Flexible repayment options.
Standard Chartered Bank Kenya	Loan Against Property	Up to 100,000,000	Up to 20 years	Approx. 15% – 19.5%	Access to high loan amounts.
Absa Bank Kenya	Secured Personal Loan	Up to 6,000,000	Up to 72 months	Approx. 15% – 19%	Insurance financing available with the loan.
Stanbic Bank Kenya	Vehicle and Asset Finance	Up to 100% of asset value	Up to 72 months	Approx. 16% – 25%	Financing for new and used assets.
NCBA Bank Kenya	Asset Finance	From 300,000	Up to 60 months	Approx. 9.5% (Flat Rate) for specific schemes	Focus on vehicle and equipment financing.
Diamond Trust Bank Kenya	Secured Loan	Based on the value of your security	Up to 120 months	Approx. 14% – 18%	Tailored for personal and business needs.
I&M Bank Kenya	Secured Personal Loan	From 50,000 (can be higher than 3M based on collateral)	Up to 60 months	Approx. 15% – 19%	Financing available against property and other assets.
Family Bank Kenya	Personal Secured Loan	Depends on security value	Flexible, up to 60 months	Approx. 14.5% – 18%	Quick processing times.
Faulu Microfinance Bank	Boresha Biashara Loan	Up to 5,000,000	Up to 60 months	Approx. 20% – 21%	Focus on business growth.
Kenya Women Microfinance Bank (KWFT)	Asset Finance	50,000 – 10,000,000	Up to 48 months	Approx. 11.2% – 20% (Flat Rate)	Empowering women in business.
Rafiki Microfinance Bank	Msingi Loan	Up to 3,000,000	Up to 60 months	Approx. 12.5% – 15%	Geared towards business development.
Uwezo Microfinance Bank	Business Loan	10,000 – 14,000,000	Up to 96 months	Approx. 10% (Reducing Balance)	Focus on SME financing.
Musoni Microfinance	Nawiri Business Loan (Group)	5,000 – 140,000	Up to 12 months	Approx. 1.67% per month (Flat Rate)	Primarily group-based lending.