Compare 2 fast loans that offer KES 500,000. Interest rates from 4% to 15% p.a.
See exactly how much you'll pay for a KES 500,000 loan
Co-operative Bank of Kenya
4% - 9%p.a.
KES 50 - 500,000
1 - 12 months
Okolea International
11.15% - 15%p.a.
KES 500 - 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.
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.
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.
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.
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.
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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