📱 Best Mobile Money Loans for KES 400,000

Compare 3 mobile money loans that offer KES 400,000. Interest rates from 7.5% to 7.5% p.a.

Eligible Products

7.5%

Lowest Rate

KES 400,000

Loan Amount

24-48h

Avg. Approval Time

Calculate Your Monthly Payments

See exactly how much you'll pay for a KES 400,000 loan

Mobile Money Loans Offering KES 400,000

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 400,000

Interest Rate	6 Months	12 Months	24 Months	36 Months
12% p.a.	KES 69,019	KES 35,540	KES 18,829	KES 13,286
15% p.a.	KES 69,614	KES 36,103	KES 19,395	KES 13,866
18% p.a.	KES 70,210	KES 36,672	KES 19,970	KES 14,461
21% p.a.	KES 70,809	KES 37,246	KES 20,554	KES 15,070
24% p.a.	KES 71,410	KES 37,824	KES 21,148	KES 15,693

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

Requirements for KES 400,000 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 100,000/month
→Employed: Payslips or employment letter
→Self-employed: 6+ months bank/M-Pesa statements
→Usually unsecured for this amount

FAQs: KES 400,000 Mobile Money Loans

Where can I get a KES 400,000 loan in Kenya?

You can get a KES 400,000 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 400,000 loan?

For a KES 400,000 loan at 12.5% p.a. over 12 months, you'd pay approximately KES 35,633 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 400,000 loan?

Requirements typically include: Kenyan ID/passport, age 18-65, minimum monthly income of KES 120,000 (varies by lender), valid KRA PIN, and good CRB status. Larger amounts may require collateral.

How fast can I get KES 400,000?

Digital lenders like Branch and Tala can approve and disburse within 5 minutes for amounts up to KES 50,000. Bank loans for KES 400,000 typically take 24-48 hours. M-Pesa loans (Fuliza, KCB M-Pesa) are instant but have lower limits.

Can I get a KES 400,000 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 400,000, we recommend improving your CRB status first for better rates and higher approval chances.

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