KCB Personal Loan
Pros
- +Quick approval (24-48 hours)
- +Flexible repayment terms (6-60 months)
- +No collateral required for loans up to KES 1M
- +Direct disbursement to M-Pesa or bank account
KCB Personal Loan vs Equity Personal Loan - Personal Loans Comparison 2025
Compare KCB Personal Loan and Equity Personal Loan side-by-side. Interest rates, fees, loan amounts, eligibility requirements, and customer reviews. Find the best personal loans for you.
At a Glance
Best Rate
Equity Bank Kenya
Lowest Fees
Equity Bank Kenya
Fastest Approval
Kenya Commercial Bank
Overall Winner
Equity Bank Kenya
| Feature | KCB Personal Loan Kenya Commercial Bank | Equity Personal Loan Equity Bank Kenya |
|---|---|---|
| Interest Rate | 13.5% - 16.5% p.a. | 13% - 16% p.a. Best Rate |
| Loan Amount Range | KES 50,000 - KES 5,000,000 | KES 50,000 - KES 5,000,000 |
| Repayment Period | 6 - 60 months | 6 - 60 months |
| Fees | Processing: 2.5% | Processing: 2% Lowest Fees |
| Key Features |
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| View Details & Apply | View Details & Apply |
Equity Personal Loan
Pros
- +Quick approval within 48 hours
- +Flexible repayment up to 5 years
- +No collateral for loans up to KES 500k
- +Competitive interest rates
Frequently Asked Questions
Which is better: KCB Personal Loan or Equity Personal Loan?
Equity Personal Loan offers a more competitive interest rate starting at 13% per annum. However, the best choice depends on your specific needs, loan amount, and repayment period. KCB Personal Loan from Kenya Commercial Bank may be better for Quick approval (24-48 hours), while Equity Personal Loan from Equity Bank Kenya excels at Quick approval within 48 hours.
What are the main differences between KCB Personal Loan and Equity Personal Loan?
KCB Personal Loan from Kenya Commercial Bank offers rates from 13.5% p.a. with loan amounts up to KES 5,000,000. Equity Personal Loan from Equity Bank Kenya offers rates from 13% p.a. with loan amounts up to KES 5,000,000. Compare features, fees, and eligibility requirements above.
How fast can I get approved for these personal loans?
Approval times vary: KCB Personal Loan typically takes 24-48 hours, while Equity Personal 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 Personal Loan or Equity Personal Loan?
Collateral requirements depend on the loan amount and product type. For amounts under KES 500,000, many personal 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 Personal Loan and Equity Personal 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.
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