⥠Best Fast Loans for KES 500,000
Compare 2 fast loans that offer KES 500,000. Interest rates from 4% to 15% p.a.
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Fast Loans Offering KES 500,000
MCo-op Cash Mobile Loan
Co-operative Bank of Kenya
4% - 9%p.a.
KES 50 - 500,000
1 - 12 months
Okolea Instant Loan
Okolea International
11.15% - 15%p.a.
KES 500 - 500,000
Monthly Payment Estimates for KES 500,000
| Interest Rate | 6 Months | 12 Months | 24 Months | 36 Months |
|---|---|---|---|---|
| 12% p.a. | KES 86,274 | KES 44,424 | KES 23,537 | KES 16,607 |
| 15% p.a. | KES 87,017 | KES 45,129 | KES 24,243 | KES 17,333 |
| 18% p.a. | KES 87,763 | KES 45,840 | KES 24,962 | KES 18,076 |
| 21% p.a. | KES 88,511 | KES 46,557 | KES 25,693 | KES 18,838 |
| 24% p.a. | KES 89,263 | KES 47,280 | KES 26,436 | KES 19,616 |
* Estimates based on reducing balance method. Actual EMI may vary based on fees and exact terms.
Requirements for KES 500,000 Fast 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 125,000/month
- âEmployed: Payslips or employment letter
- âSelf-employed: 6+ months bank/M-Pesa statements
- âUsually unsecured for this amount
FAQs: KES 500,000 Fast Loans
Where can I get a KES 500,000 loan in Kenya?
You can get a KES 500,000 loan from 2+ lenders including Co-operative Bank of Kenya, Okolea International. Interest rates start from 7.6% p.a. Compare all options on PesaMarket to find the best rate for your needs.
What is the monthly payment for a KES 500,000 loan?
For a KES 500,000 loan at 7.6% p.a. over 12 months, you'd pay approximately KES 43,396 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 500,000 loan?
Requirements typically include: Kenyan ID/passport, age 18-65, minimum monthly income of KES 150,000 (varies by lender), valid KRA PIN, and good CRB status. Larger amounts may require collateral.
How fast can I get KES 500,000?
Digital lenders like Branch and Tala can approve and disburse within 5 minutes for amounts up to KES 50,000. Bank loans for KES 500,000 typically take 24-48 hours. M-Pesa loans (Fuliza, KCB M-Pesa) are instant but have lower limits.
Can I get a KES 500,000 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 500,000, we recommend improving your CRB status first for better rates and higher approval chances.
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