Get loans without asking family or friends to guarantee. Compare products that use alternative security like salary check-off, collateral, or credit scoring.
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
Guarantor-free options include: Salary check-off loans (KCB, Equity, Co-op), all mobile loans (Fuliza, M-Shwari, Branch, Tala), secured loans with collateral, and some bank loans under KES 500,000 for existing customers with good history.
Alternatives to guarantors: Salary check-off arrangement with employer, collateral (logbook, land title, fixed deposit), higher interest rate for unsecured loan, or building relationship with bank through savings and smaller loans first.
Banks require guarantors to reduce default risk. The guarantor legally agrees to repay if you can't. For unsecured loans without collateral, guarantors provide the bank with recourse. Good credit history and stable income can sometimes waive this requirement.
Not directly, but check-off loan arrangements effectively do this. Your employer agrees to deduct loan payments from your salary and remit to the bank. This arrangement provides security without a personal guarantor.
Compare all 27 no guarantor 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
Okash Kenya
8% - 20% p.a.
KES 1,500 - 50,000