What are the requirements for iLoan Mobile Loan?

To qualify for iLoan Mobile Loan from iLoan, you typically need: National ID, Smartphone with internet, M-Pesa account. Age requirement: 18-65 years.

How long does iLoan Mobile Loan approval take?

iLoan Mobile Loan from iLoan typically takes Same day for most applications for approval. Digital applications may be processed faster than in-branch applications.

What is the interest rate for iLoan Mobile Loan?

iLoan Mobile Loan offers Varies. Actual rates may vary based on your credit profile, income, and relationship with iLoan.

Is iLoan Mobile Loan available in my area?

iLoan Mobile Loan is available in select locations. You can apply online or visit any iLoan branch.

What are the fees for iLoan Mobile Loan?

iLoan Mobile Loan charges Varies by loan size and tier processing fee. Always confirm current fees with iLoan before applying.

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iLoan Mobile Loan

iLoan

Last updated: April 16, 2026

Reviewed byPesaMarket Research Team

|Last verified: Apr 16, 2026

★★★★★

0/5

Based on 0 Reviews

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Interest Rate

Varies

Loan Amount

Ksh 500 - Ksh 150,000

Approval Time

Same day for most applications

Processing Fee

KshNaN

Rating Breakdown

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Pros & Cons

Pros

24/7 application window via mobile or USSD
Transparent total cost of credit displayed upfront
Reports positive repayment to CRBs to build credit
Local Kenyan customer-service team
Accessible even with a basic smartphone

Cons

Limited loan-size ceiling compared to bank products
Customer service hours limited to Mon-Fri
Interest rates can be steep for first-time borrowers

Expert Analysis

iLoan is a CBK-licensed Digital Credit Provider operated by Easy Asset Management, licensed in 2025. The lender serves Kenya's digital-credit market under the 2022 CBK DCP regime.