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
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.
| 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 |
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| View Details & Apply | View Details & Apply |
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.
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.
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.
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.
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.
Compare more financial products and find the best rates for your needs. PesaMarket helps thousands of Kenyans find the right financial products every month.