Some loan options available - Find lenders that accept your credit profile.
With fair credit (550-649), you have moderate access to KES 100,000 loans. Most lenders will consider your application, though you'll pay slightly higher rates (17-20% p.a.). Focus on lenders who specialize in fair credit borrowers.
Your fair credit is workable. Improve your chances with these strategies:
Family Bank, Sidian, Faulu, Kenya Women Microfinance
Branch, Tala, OKash - Accept fair credit with conditions
Never miss a loan payment, utility bill, or rent. Set up automatic payments to ensure perfect payment history.
Use less than 30% of your available credit limits. Pay down existing balances before applying for new loans.
Having a mix of credit types (personal loan, credit card, mobile loan) shows you can manage different types of credit.
Check your CRB credit report quarterly. Report any errors immediately. Your credit score can improve by 50-100 points by fixing reporting errors.
Follow our 8-step program to improve your credit score by 100-150 points in 3-6 months.
Start Building Your Credit Score âCompare KES 100,000 lenders that accept fair credit (550-649).
Compare All LoansImprove Credit ScoreYour fair credit (550-649) (550-649) is acceptable for KES 100,000, though you may need to provide additional documentation or collateral.
Yes! Offer collateral, show proof of stable income, apply with a co-signer, or start with a smaller loan amount.
With consistent on-time payments and debt reduction, you can improve your score by 50-100 points in 3-6 months, and reach good credit in 12-18 months.