Ellegant Credit

Compare all 2 products from Ellegant Credit in Kenya. Borrow up to Ksh 50,000.

Ksh 50,000

Max Amount

Instant for repeat borrowers, minutes for new ones

Fastest Disbursement

Total Products

Fast Loans

Product	Rate	Amount	Turnaround
Ellegant Credit Digital Loan	N/A	Ksh 500 - Ksh 50,000	Instant for repeat borrowers, minutes for new ones	Apply
Ellegant Credit Digital Loan	N/A	Ksh 500 - Ksh 50,000	Instant for repeat borrowers, minutes for new ones	Apply

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Ellegant Credit Pros & Cons

+Pros

✓Available across Kenya, not just Nairobi
✓Quick turnaround — funds on M-Pesa within minutes
✓Transparent fee disclosure before loan acceptance
✓Accessible even with a basic smartphone

-Cons

✗Limited loan-size ceiling compared to bank products
✗Short maximum tenure may squeeze repayment
✗No grace period before the late-fee clock starts

Eligibility Requirements

Minimum Income (Lowest)

Ksh 0

CRB Check Required

Not required

Employment Types Accepted

Any

Required Documents (across all products)

●National ID
●Smartphone with internet
●M-Pesa account

Expert Analysis

Ellegant Credit is a CBK-licensed Digital Credit Provider, licensed in 2024 under Kenya's 2022 DCP Regulations. Loans run from KES 500 to KES 50,000 with repayment terms of 7-90 days. Disbursement is via M-Pesa or Bank transfer - instant for repeat borrowers, minutes for new ones. Rates are not published upfront: pricing tiers by CRB band, loan size, and repayment history, and the full total cost of credit is disclosed before acceptance per CBK's Digital Credit Provider rules. Fees: processing fee varies by loan size and tier; no early-repayment penalty.

Frequently Asked Questions

What loan amounts are available from Ellegant Credit?

Ellegant Credit offers loan amounts from Ksh 500 up to Ksh 50,000 depending on the product and your eligibility.

How fast does Ellegant Credit disburse loans?

The fastest disbursement time from Ellegant Credit is Instant for repeat borrowers, minutes for new ones. Actual processing time varies by product type and application completeness.

Does Ellegant Credit require CRB clearance?

Ellegant Credit does not strictly require CRB clearance for all products. Some products may be available without a CRB check, though having a clean credit record is always beneficial.