Borrow Without Pledging Assets
Compare the best unsecured loans in Kenya. No collateral, no guarantors, no security required. Get approved based on your income and credit history alone.
No assets required to secure your loan
Get approved in minutes to hours
Your property stays yours
100% digital application
Instant loans via M-Pesa
Loans from mobile apps
Traditional bank loans
Advance on your salary
| Amount | Available From | Interest Rate | Action |
|---|---|---|---|
| KES 50,000 | All mobile apps, digital lenders | From 1% monthly | Compare |
| KES 100,000 | Branch, Tala, banks | From 13% p.a. | Compare |
| KES 500,000 | Branch, bank personal loans | From 14% p.a. | Compare |
| KES 1,000,000 | Major banks only | From 13% p.a. | Compare |
| KES 2,000,000+ | KCB, Equity, Co-op, NCBA | From 13% p.a. | Compare |
Compare the best lenders offering loans without collateral
An unsecured loan is a loan that doesn't require collateral or security. You don't need to pledge assets like land, car, or property. Approval is based on your creditworthiness, income, and repayment ability. Most mobile loans and personal loans in Kenya are unsecured.
Major banks offering unsecured loans include KCB (up to KES 3M), Equity Bank (up to KES 5M), Co-operative Bank (up to KES 3M), NCBA, Absa, Standard Chartered, and Stanbic. Digital lenders like Branch, Tala, and mobile money products (M-Shwari, Fuliza) also offer unsecured loans.
Unsecured loan limits vary: Mobile apps offer KES 500 to KES 500,000, bank personal loans range from KES 50,000 to KES 5,000,000 depending on your salary, and check-off loans can go up to 3x your monthly salary. Your limit depends on income, credit history, and lender policy.
Unsecured loan interest rates are typically higher than secured loans. Mobile loans charge 1-30% monthly (12-360% annually), while bank unsecured personal loans range from 13-25% per annum. The higher rates compensate lenders for increased risk.
Requirements typically include: Kenyan national ID, age 18-65, active M-Pesa account, proof of income (payslips for employed, bank statements for self-employed), good CRB status, and minimum income threshold (varies by lender). Most mobile loans have simpler requirements.
Yes, some lenders offer unsecured loans to those with negative CRB status. Fuliza and Hustler Fund don't require CRB clearance. However, your limit may be lower and interest rates higher. Building a positive repayment history can improve your options over time.
Approval speed varies: Mobile loans (Fuliza, M-Shwari, Branch) can be approved in minutes, digital lenders take 5-30 minutes, and bank unsecured personal loans take 24-72 hours. Pre-approved customers at banks may get same-day disbursement.
Yes, unsecured loans typically have higher interest rates (15-25% p.a. for banks, much higher for mobile loans) compared to secured loans (13-18% p.a.). The higher rate compensates lenders for the increased risk of lending without collateral. For large amounts, secured loans may be more cost-effective.
Compare the best unsecured loan options and apply today - no collateral needed.
Compare Unsecured Loans