Get unsecured loans without pledging assets. Compare personal loans, mobile loans, and digital lending options that don't require collateral or guarantors.
Chapeo
0.03% - 0.06% p.a.
KES 1,000 - 100,000
Safaricom M-Pesa
0.5% - 1% p.a.
KES 1,000 - 150,000
Safaricom M-Pesa
0.5% - 1% p.a.
KES 1,000 - 250,000
Safaricom M-Pesa
1.5% p.a.
KES 100 - 100,000
Unsecured loans in Kenya include: Mobile loans (Fuliza, M-Shwari, KCB M-Pesa), app-based loans (Branch, Tala, Zenka), bank personal loans under KES 1M (KCB, Equity, Co-op), and salary advance products. These require only ID, income proof, and good CRB status.
Unsecured loan limits: Mobile loans up to KES 70,000, app loans up to KES 100,000, bank personal loans up to KES 3 million (salary-based), salary advances up to 50% of net pay. Limits depend on income, credit history, and lender policy.
Instead of physical collateral, lenders accept: Salary check-off (automatic deduction), guarantors, post-dated cheques, M-Pesa transaction history, and good CRB record. Some banks use alternative credit scoring based on phone and mobile money data.
Yes, unsecured loans typically have higher interest rates (15-25% p.a. for banks, 30-100%+ for mobile loans) compared to secured loans (13-18% p.a.). The higher rate compensates lenders for increased risk. For large amounts, consider secured options for lower rates.
Compare all 31 no collateral loan options and apply online.
Co-operative Bank of Kenya
4% - 9% p.a.
KES 50 - 500,000
Zenka Finance
4.5% - 9% p.a.
KES 500 - 50,000
Okash (Opera)
5% - 10% p.a.
KES 500 - 50,000
Letshego Kenya
5.25% - 24% p.a.
KES 250 - 500,000