How do I compare payroll loans?

Use our comparison tool to filter by interest rate, fees, approval time, and loan amount. Compare at least 3 products before making a decision. We have compared 8 payroll loans from Kenyas leading banks and financial institutions.

Is it free to use PesaMarket?

Yes! PesaMarket is 100% free for consumers. We may earn a commission when you apply through our links, but this does not affect the rates or terms you receive.

How often is the information updated?

We update product information daily to ensure you have access to the latest rates, fees, and terms. Always verify final details with the financial institution before applying.

What is the best payroll loan in Kenya?

The best payroll loan depends on your specific needs, income level, credit history, and financial goals. Use our comparison tool to find products that match your requirements. Consider factors like interest rates, fees, approval time, and eligibility criteria.

How quickly can I get approved for a payroll loan?

Approval times vary by lender. Digital lenders often approve applications within minutes, while traditional banks may take 1-7 days. Check the "Approval Time" field in our comparison table to find the fastest options.

🇰🇪 PROUDLY KENYAN

Payroll Loans in Kenya

Payroll-deducted loans with competitive rates for employed Kenyans.

Reviewed byPesaMarket Research Team

|Last verified: Dec 16, 2025

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Bank/Provider

Min Loan Amount

Showing 8 of 8 products

⭐ Government employees

ABSA Check-Off Loan

ABSA Bank Kenya

Interest Rate

13% - 15%

per annum

Max Amount

KES 8000K

Approval Time

24-48 hours

Processing Fee

2.5%

Borrow up to 5x your net salary
Salary check-off arrangement

Apply Now

View Details & 0 Reviews →

⭐ SACCO members

Co-op Bank Salary Loan

Co-operative Bank of Kenya

Interest Rate

13% - 14%

per annum

Max Amount

KES 5000K

Approval Time

24-48 hours

Processing Fee

Borrow up to 4x your net salary
Check-off arrangement with employer

Apply Now

View Details & 0 Reviews →

⭐ East African regional employees

DTB Payroll Loan

Diamond Trust Bank

Interest Rate

14% - 16%

per annum

Max Amount

KES 5000K

Approval Time

48-72 hours

Processing Fee

Salary backed loans up to KES 5 million
Salary check-off arrangement

Apply Now

View Details & 0 Reviews →

⭐ Government employees

Equity Check-Off Loan

Equity Bank

Interest Rate

13% - 14%

per annum

Max Amount

KES 6000K

Approval Time

24-48 hours

Processing Fee

Borrow up to 4x your net salary
Automatic salary deduction

Apply Now

View Details & 0 Reviews →

⭐ High-income professionals

I&M Bank Salary Loan

I&M Bank

Interest Rate

14% - 16%

per annum

Max Amount

KES 8000K

Approval Time

24-48 hours

Processing Fee

Premium salary loans up to KES 8 million
Competitive rates for high earners

Apply Now

View Details & 0 Reviews →

⭐ Government employees

KCB Salary Advance Loan

KCB Bank

Interest Rate

13% - 15%

per annum

Max Amount

KES 5000K

Approval Time

24-48 hours

Processing Fee

2.5%

Borrow up to 5x your net salary
Check-off from salary (automatic deduction)

Apply Now

View Details & 0 Reviews →

⭐ High-income professionals

NCBA Payroll Loan

NCBA Bank

Interest Rate

14% - 16%

per annum

Max Amount

KES 7000K

Approval Time

48-72 hours

Processing Fee

2.5%

Premium loan amounts up to KES 7 million
Digital application via NCBA Mobile

Apply Now

View Details & 0 Reviews →

⭐ High-income earners

Stanbic Salary Backed Loan

Stanbic Bank Kenya

Interest Rate

12% - 14%

per annum

Max Amount

KES 10000K

Approval Time

48-72 hours

Processing Fee

One of the lowest rates from 12% p.a.
High loan limits up to KES 10 million

Apply Now

View Details & 0 Reviews →