đ° Best Personal Loans for KES 1,000,000
Compare 15 personal loans that offer KES 1,000,000. Interest rates from 2.5% to 34% p.a.
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See exactly how much you'll pay for a KES 1,000,000 loan
Personal Loans Offering KES 1,000,000
Mogo Car Logbook Loan
Mogo Kenya
2.5% - 4%p.a.
KES 50,000 - 5,000,000
3 - 36 months
Faulu Imara Loan
Faulu Microfinance Bank
9.5% - 34%p.a.
KES 10,000 - 3,000,000
KCB Personal Secured Loan
Kenya Commercial Bank
11% - 14%p.a.
KES 100,000 - 20,000,000
12 - 84 months
NCBA Personal Loan
NCBA Bank
12% - 18%p.a.
KES 50,000 - 7,000,000
12 - 72 months
ABSA Unsecured Check-Off Loan
ABSA Bank Kenya
13% - 16%p.a.
KES 50,000 - 5,000,000
6 - 60 months
Equity Personal Loan
Equity Bank Kenya
13% - 16%p.a.
KES 50,000 - 5,000,000
6 - 60 months
KCB Personal Car Loan
Kenya Commercial Bank
13% - 15.5%p.a.
KES 300,000 - 15,000,000
12 - 60 months
Stanbic Personal Loan
Stanbic Bank Kenya
13% - 17%p.a.
KES 100,000 - 15,000,000
12 - 84 months
Co-op Bank Personal Loan
Co-operative Bank of Kenya
13.5% - 15.5%p.a.
KES 50,000 - 5,000,000
12 - 60 months
KCB Personal Loan
Kenya Commercial Bank
13.5% - 16.5%p.a.
KES 50,000 - 5,000,000
6 - 60 months
ABSA Personal Loan
ABSA Bank Kenya
14% - 16.5%p.a.
KES 50,000 - 10,000,000
12 - 72 months
DTB Personal Loan
Diamond Trust Bank
14% - 17%p.a.
KES 50,000 - 5,000,000
12 - 60 months
I&M Personal Loan
I&M Bank
14% - 18%p.a.
KES 100,000 - 10,000,000
12 - 72 months
Stanbic Personal Unsecured Loan
Stanbic Bank Kenya
14% - 17%p.a.
KES 50,000 - 4,000,000
6 - 60 months
KCB Personal Unsecured Loan
Kenya Commercial Bank
14.5% - 17.5%p.a.
KES 30,000 - 3,000,000
3 - 48 months
Monthly Payment Estimates for KES 1,000,000
| Interest Rate | 6 Months | 12 Months | 24 Months | 36 Months |
|---|---|---|---|---|
| 12% p.a. | KES 172,548 | KES 88,849 | KES 47,073 | KES 33,214 |
| 15% p.a. | KES 174,034 | KES 90,258 | KES 48,487 | KES 34,665 |
| 18% p.a. | KES 175,525 | KES 91,680 | KES 49,924 | KES 36,152 |
| 21% p.a. | KES 177,023 | KES 93,114 | KES 51,386 | KES 37,675 |
| 24% p.a. | KES 178,526 | KES 94,560 | KES 52,871 | KES 39,233 |
* Estimates based on reducing balance method. Actual EMI may vary based on fees and exact terms.
Requirements for KES 1,000,000 Personal 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 250,000/month
- âEmployed: Payslips or employment letter
- âSelf-employed: 6+ months bank/M-Pesa statements
- âCollateral may be required
FAQs: KES 1,000,000 Personal Loans
Where can I get a KES 1,000,000 loan in Kenya?
You can get a KES 1,000,000 loan from 15+ lenders including Mogo Kenya, Faulu Microfinance Bank, Kenya Commercial Bank. Interest rates start from 12.3% p.a. Compare all options on PesaMarket to find the best rate for your needs.
What is the monthly payment for a KES 1,000,000 loan?
For a KES 1,000,000 loan at 12.3% p.a. over 12 months, you'd pay approximately KES 88,989 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 1,000,000 loan?
Requirements typically include: Kenyan ID/passport, age 18-65, minimum monthly income of KES 300,000 (varies by lender), valid KRA PIN, and good CRB status. Larger amounts may require collateral.
How fast can I get KES 1,000,000?
Digital lenders like Branch and Tala can approve and disburse within 5 minutes for amounts up to KES 50,000. Bank loans for KES 1,000,000 typically take 24-48 hours. M-Pesa loans (Fuliza, KCB M-Pesa) are instant but have lower limits.
Can I get a KES 1,000,000 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 1,000,000, we recommend improving your CRB status first for better rates and higher approval chances.
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