💰 Best Personal Loans for KES 40,000

Compare 4 personal loans that offer KES 40,000. Interest rates from 5.25% to 34% p.a.

Eligible Products

5.25%

Lowest Rate

KES 40,000

Loan Amount

24-48h

Avg. Approval Time

Calculate Your Monthly Payments

See exactly how much you'll pay for a KES 40,000 loan

Personal Loans Offering KES 40,000

Best Rate

Letshego Personal Loan

Letshego Kenya

Interest Rate:

5.25% - 24%p.a.

Loan Range:

KES 250 - 500,000

Faulu Imara Loan

Faulu Microfinance Bank

Interest Rate:

9.5% - 34%p.a.

Loan Range:

KES 10,000 - 3,000,000

KCB Personal Unsecured Loan

Kenya Commercial Bank

Interest Rate:

14.5% - 17.5%p.a.

Loan Range:

KES 30,000 - 3,000,000

Repayment:

3 - 48 months

Mogo Personal Loan

Mogo Kenya

Interest Rate:

15% - 20%p.a.

Loan Range:

KES 5,000 - 500,000

Repayment:

3 - 12 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 Personal 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 10,000/month
→Employed: Payslips or employment letter
→Self-employed: 6+ months bank/M-Pesa statements
→Usually unsecured for this amount

FAQs: KES 40,000 Personal Loans

Where can I get a KES 40,000 loan in Kenya?

You can get a KES 40,000 loan from 4+ lenders including Letshego Kenya, Faulu Microfinance Bank, Kenya Commercial Bank. Interest rates start from 11.1% 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 11.1% p.a. over 12 months, you'd pay approximately KES 3,536 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.

Browse Personal Loans by Amount

Ready to Borrow KES 40,000?

Compare 4 products and find the best rate for your needs. Apply online in minutes.