đĸ Best Business Loans for KES 40,000
Compare 8 business loans that offer KES 40,000. Interest rates from 0.75% to 17% p.a.
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See exactly how much you'll pay for a KES 40,000 loan
Business Loans Offering KES 40,000
4G Capital SME Working Capital Loan
4G Capital
0.75% - 0.9%p.a.
KES 5,000 - 3,000,000
KWFT Biashara Business Loan
Kenya Women Microfinance Bank
1.5% - 2%p.a.
KES 5,000 - 2,000,000
Watu Motorbike Financing
Watu Credit
2.99% - 4.5%p.a.
KES 40,000 - 350,000
12 - 36 months
Lipa Later Merchant Advance
Lipa Later
3% - 5%p.a.
KES 10,000 - 1,000,000
1 - 12 months
Zanifu Inventory Financing
Zanifu
3.5% - 5%p.a.
KES 5,000 - 200,000
1 - 12 months
Kopokopo Grow Merchant Loan
Kopokopo
5% - 7%p.a.
KES 5,000 - 500,000
1 - 6 months
Mogo Asset Financing
Mogo Kenya
13% - 17%p.a.
KES 30,000 - 3,000,000
6 - 24 months
Monthly Payment Estimates for KES 40,000
| Interest Rate | 6 Months | 12 Months | 24 Months | 36 Months |
|---|---|---|---|---|
| 12% p.a. | KES 6,902 | KES 3,554 | KES 1,883 | KES 1,329 |
| 15% p.a. | KES 6,961 | KES 3,610 | KES 1,939 | KES 1,387 |
| 18% p.a. | KES 7,021 | KES 3,667 | KES 1,997 | KES 1,446 |
| 21% p.a. | KES 7,081 | KES 3,725 | KES 2,055 | KES 1,507 |
| 24% p.a. | KES 7,141 | KES 3,782 | KES 2,115 | KES 1,569 |
* Estimates based on reducing balance method. Actual EMI may vary based on fees and exact terms.
Requirements for KES 40,000 Business Loans
Basic Requirements
- âKenyan citizen or resident (ID/Passport)
- âAge 18-65 years (varies by lender)
- âValid KRA PIN certificate
- âActive mobile money account (M-Pesa)
Income Requirements
- âMinimum income: ~KES 10,000/month
- âEmployed: Payslips or employment letter
- âSelf-employed: 6+ months bank/M-Pesa statements
- âUsually unsecured for this amount
FAQs: KES 40,000 Business Loans
Where can I get a KES 40,000 loan in Kenya?
You can get a KES 40,000 loan from 8+ lenders including 4G Capital, Kenya Women Microfinance Bank, Watu Credit. Interest rates start from 4.8% p.a. Compare all options on PesaMarket to find the best rate for your needs.
What is the monthly payment for a KES 40,000 loan?
For a KES 40,000 loan at 4.8% p.a. over 12 months, you'd pay approximately KES 3,421 per month. Use our EMI calculator for exact figures based on your chosen loan term and interest rate.
What are the requirements for a KES 40,000 loan?
Requirements typically include: Kenyan ID/passport, age 18-65, minimum monthly income of KES 12,000 (varies by lender), valid KRA PIN, and good CRB status. For this amount, most loans are unsecured.
How fast can I get KES 40,000?
Digital lenders like Branch and Tala can approve and disburse within 5 minutes for amounts up to KES 50,000. Bank loans for KES 40,000 typically take 24-48 hours. M-Pesa loans (Fuliza, KCB M-Pesa) are instant but have lower limits.
Can I get a KES 40,000 loan without CRB check?
Most formal lenders check CRB, but some digital lenders like Fuliza and Tala may approve first-time borrowers or those with minor CRB issues. For KES 40,000, we recommend improving your CRB status first for better rates and higher approval chances.
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