KCB M-Pesa Loan
Pros
- +Instant approval and disbursement
- +Loans from KES 50 to KES 1 million
- +Access via M-Pesa menu or *844#
- +No paperwork or bank visit
KCB M-Pesa Loan vs M-Shwari Loan - Mobile Money Loans Comparison 2025
Compare KCB M-Pesa Loan and M-Shwari Loan side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best mobile money loans for you.
At a Glance
Best Rate
Safaricom M-Pesa
Lowest Fees
Safaricom M-Pesa
Fastest Approval
Kenya Commercial Bank
Overall Winner
Safaricom M-Pesa
| Feature | KCB M-Pesa Loan Kenya Commercial Bank | M-Shwari Loan Safaricom M-Pesa |
|---|---|---|
| Interest Rate | 8.88% p.a. | 7.5% p.a. Best Rate |
| Loan Amount Range | KES 50 - KES 1,000,000 | KES 100 - KES 1,000,000 |
| Repayment Period | 1 - 1 months | 1 - 1 months |
| Fees | Processing: 0% | N/A Lowest Fees |
| Key Features |
|
|
| View Details & Apply | View Details & Apply |
M-Shwari Loan
Pros
- +Instant approval - get loan in seconds
- +No paperwork required
- +Access via *234# USSD or M-Pesa app
- +Loan limit increases with good repayment
Frequently Asked Questions
Which is better: KCB M-Pesa Loan or M-Shwari Loan?
M-Shwari Loan offers a more competitive interest rate starting at 7.5% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. KCB M-Pesa Loan from Kenya Commercial Bank may be better for Instant approval and disbursement, while M-Shwari Loan from Safaricom M-Pesa excels at Instant approval - get loan in seconds.
What are the main differences between KCB M-Pesa Loan and M-Shwari Loan?
KCB M-Pesa Loan from Kenya Commercial Bank offers rates from 8.88% p.a. with loan amounts up to KES 1,000,000. M-Shwari Loan from Safaricom M-Pesa offers rates from 7.5% p.a. with loan amounts up to KES 1,000,000. Compare features, fees, and eligibility requirements above.
How fast can I get approved for these mobile money loans?
Approval times vary: KCB M-Pesa Loan typically takes 24-48 hours, while M-Shwari Loan processes applications in 24-48 hours. Digital products like M-Pesa loans can be approved instantly, while bank loans may take 1-3 business days.
Do I need collateral for KCB M-Pesa Loan or M-Shwari Loan?
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many mobile money loans are unsecured. Larger loans may require collateral such as a logbook, property, or salary assignment. Check specific requirements for each product.
Can I apply for both KCB M-Pesa Loan and M-Shwari Loan?
While you can technically apply to multiple lenders, having multiple active loans affects your debt-to-income ratio and CRB profile. It's generally better to choose one product that best fits your needs. Use PesaMarket's comparison tools to make an informed decision.
Ready to Apply?
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.