Stanbic Personal Loan
Pros
- +Loans up to KES 15 million
- +Long repayment period up to 7 years
- +Competitive rates from 13%
- +Quick approval within 3 days
Compare Stanbic 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.
| Feature | Stanbic Personal Loan Stanbic Bank Kenya | Equity Personal Loan |
|---|
| Interest Rate | 13% - 17% p.a. Best Rate | 13% - 16% p.a. |
| Loan Amount Range | KES 100,000 - KES 15,000,000 | KES 50,000 - KES 5,000,000 |
| Repayment Period | 12 - 84 months | 6 - 60 months |
| Fees | Processing: 2%% | Processing: 2% Lowest Fees |
| Key Features |
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Stanbic 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. Stanbic Personal Loan from Stanbic Bank Kenya may be better for Loans up to KES 15 million, while Equity Personal Loan from Equity Bank Kenya excels at Quick approval within 48 hours.
Stanbic Personal Loan from Stanbic Bank Kenya offers rates from 13% p.a. with loan amounts up to KES 15,000,000. 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.
Approval times vary: Stanbic 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.
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.
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.