đą Best Mobile Money Loans for KES 40,000
Compare 7 mobile money loans that offer KES 40,000. Interest rates from 0.5% to 7.5% p.a.
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Mobile Money Loans Offering KES 40,000
Taasi Pochi Business Loan
Safaricom M-Pesa
0.5% - 1%p.a.
KES 1,000 - 150,000
1 - 6 months
Taasi Till Business Loan
Safaricom M-Pesa
0.5% - 1%p.a.
KES 1,000 - 250,000
1 - 6 months
Fuliza Biashara Overdraft
Safaricom M-Pesa
1.5% - 1.5%p.a.
KES 100 - 100,000
M-Shwari Loan
Safaricom M-Pesa (powered by NCBA)
7.5% - 7.5%p.a.
KES 100 - 1,000,000
1 - 1 months
Fuliza M-Pesa
Safaricom M-Pesa
% - %p.a.
KES 1 - 100,000
1 - 30 months
KCB M-Pesa Loan
Kenya Commercial Bank
% - %p.a.
KES 50 - 1,000,000
1 - 1 months
M-Shwari Loan
Safaricom M-Pesa
% - %p.a.
KES 100 - 1,000,000
1 - 1 months
Monthly Payment Estimates for KES 40,000
| Interest Rate | 6 Months | 12 Months | 24 Months | 36 Months |
|---|---|---|---|---|
| 12% p.a. | KES 6,902 | KES 3,554 | KES 1,883 | KES 1,329 |
| 15% p.a. | KES 6,961 | KES 3,610 | KES 1,939 | KES 1,387 |
| 18% p.a. | KES 7,021 | KES 3,667 | KES 1,997 | KES 1,446 |
| 21% p.a. | KES 7,081 | KES 3,725 | KES 2,055 | KES 1,507 |
| 24% p.a. | KES 7,141 | KES 3,782 | KES 2,115 | KES 1,569 |
* Estimates based on reducing balance method. Actual EMI may vary based on fees and exact terms.
Requirements for KES 40,000 Mobile Money Loans
Basic Requirements
- âKenyan citizen or resident (ID/Passport)
- âAge 18-65 years (varies by lender)
- âValid KRA PIN certificate
- âActive mobile money account (M-Pesa)
Income Requirements
- âMinimum income: ~KES 10,000/month
- âEmployed: Payslips or employment letter
- âSelf-employed: 6+ months bank/M-Pesa statements
- âUsually unsecured for this amount
FAQs: KES 40,000 Mobile Money Loans
Where can I get a KES 40,000 loan in Kenya?
You can get a KES 40,000 loan from 7+ lenders including Safaricom M-Pesa, Safaricom M-Pesa, Safaricom M-Pesa. Interest rates start from 7.9% p.a. Compare all options on PesaMarket to find the best rate for your needs.
What is the monthly payment for a KES 40,000 loan?
For a KES 40,000 loan at 7.9% p.a. over 12 months, you'd pay approximately KES 3,477 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 40,000 loan?
Requirements typically include: Kenyan ID/passport, age 18-65, minimum monthly income of KES 12,000 (varies by lender), valid KRA PIN, and good CRB status. For this amount, most loans are unsecured.
How fast can I get KES 40,000?
Digital lenders like Branch and Tala can approve and disburse within 5 minutes for amounts up to KES 50,000. Bank loans for KES 40,000 typically take 24-48 hours. M-Pesa loans (Fuliza, KCB M-Pesa) are instant but have lower limits.
Can I get a KES 40,000 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 40,000, we recommend improving your CRB status first for better rates and higher approval chances.
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