đą 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.
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Mobile Money Loans Offering KES 400,000
M-Shwari Loan
Safaricom M-Pesa (powered by NCBA)
7.5% - 7.5%p.a.
KES 100 - 1,000,000
1 - 1 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 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
- 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 100,000/month
- âEmployed: Payslips or employment letter
- âSelf-employed: 6+ months bank/M-Pesa statements
- âUsually 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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