📱 Best Mobile Money Loans for KES 300,000

Compare 3 mobile money loans that offer KES 300,000. Interest rates from 7.5% to 7.5% p.a.

Eligible Products

7.5%

Lowest Rate

KES 300,000

Loan Amount

24-48h

Avg. Approval Time

Calculate Your Monthly Payments

See exactly how much you'll pay for a KES 300,000 loan

Mobile Money Loans Offering KES 300,000

Best Rate

M-Shwari Loan

Safaricom M-Pesa (powered by NCBA)

Interest Rate:

7.5% - 7.5%p.a.

Loan Range:

KES 100 - 1,000,000

Repayment:

1 - 1 months

KCB M-Pesa Loan

Kenya Commercial Bank

Interest Rate:

% - %p.a.

Loan Range:

KES 50 - 1,000,000

Repayment:

1 - 1 months

M-Shwari Loan

Safaricom M-Pesa

Interest Rate:

% - %p.a.

Loan Range:

KES 100 - 1,000,000

Repayment:

1 - 1 months

Monthly Payment Estimates for KES 300,000

Interest Rate	6 Months	12 Months	24 Months	36 Months
12% p.a.	KES 51,765	KES 26,655	KES 14,122	KES 9,964
15% p.a.	KES 52,210	KES 27,077	KES 14,546	KES 10,400
18% p.a.	KES 52,658	KES 27,504	KES 14,977	KES 10,846
21% p.a.	KES 53,107	KES 27,934	KES 15,416	KES 11,303
24% p.a.	KES 53,558	KES 28,368	KES 15,861	KES 11,770

* Estimates based on reducing balance method. Actual EMI may vary based on fees and exact terms.

Requirements for KES 300,000 Mobile Money Loans

Basic Requirements

✓Kenyan citizen or resident (ID/Passport)
✓Age 18-65 years (varies by lender)
✓Valid KRA PIN certificate
✓Active mobile money account (M-Pesa)

Income Requirements

→Minimum income: ~KES 75,000/month
→Employed: Payslips or employment letter
→Self-employed: 6+ months bank/M-Pesa statements
→Usually unsecured for this amount

FAQs: KES 300,000 Mobile Money Loans

Where can I get a KES 300,000 loan in Kenya?

You can get a KES 300,000 loan from 3+ lenders including Safaricom M-Pesa (powered by NCBA), Kenya Commercial Bank, Safaricom M-Pesa. Interest rates start from 12.5% p.a. Compare all options on PesaMarket to find the best rate for your needs.

What is the monthly payment for a KES 300,000 loan?

For a KES 300,000 loan at 12.5% p.a. over 12 months, you'd pay approximately KES 26,725 per month. Use our EMI calculator for exact figures based on your chosen loan term and interest rate.

What are the requirements for a KES 300,000 loan?

Requirements typically include: Kenyan ID/passport, age 18-65, minimum monthly income of KES 90,000 (varies by lender), valid KRA PIN, and good CRB status. Larger amounts may require collateral.

How fast can I get KES 300,000?

Digital lenders like Branch and Tala can approve and disburse within 5 minutes for amounts up to KES 50,000. Bank loans for KES 300,000 typically take 24-48 hours. M-Pesa loans (Fuliza, KCB M-Pesa) are instant but have lower limits.

Can I get a KES 300,000 loan without CRB check?

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 300,000, we recommend improving your CRB status first for better rates and higher approval chances.

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