đ Loans Without Collateral in Kenya
Get unsecured loans without pledging assets. Compare personal loans, mobile loans, and digital lending options that don't require collateral or guarantors.
No Collateral Loan Options
Chapeo Cash Loan
Chapeo
0.03% - 0.06% p.a.
KES 1,000 - 100,000
Taasi Pochi Business Loan
Safaricom M-Pesa
0.5% - 1% p.a.
KES 1,000 - 150,000
Taasi Till Business Loan
Safaricom M-Pesa
0.5% - 1% p.a.
KES 1,000 - 250,000
Fuliza Biashara Overdraft
Safaricom M-Pesa
1.5% p.a.
KES 100 - 100,000
MCo-op Cash Mobile Loan
Co-operative Bank of Kenya
4% - 9% p.a.
KES 50 - 500,000
Zenka Personal Loan
Zenka Finance
4.5% - 9% p.a.
KES 500 - 50,000
Okash Personal Loan
Okash (Opera)
5% - 10% p.a.
KES 500 - 50,000
Letshego Personal Loan
Letshego Kenya
5.25% - 24% p.a.
KES 250 - 500,000
Tips for Getting No Collateral Loans
- đĄMobile loans (Fuliza, M-Shwari, Branch) are always unsecured
- đĄBank unsecured loans usually max at KES 1-3 million
- đĄInterest rates are higher for unsecured loans - compare carefully
- đĄBuild good credit history for higher unsecured limits
- đĄSalary-backed loans don't need collateral if you have check-off
Frequently Asked Questions
Which loans in Kenya don't require collateral?
Unsecured loans in Kenya include: Mobile loans (Fuliza, M-Shwari, KCB M-Pesa), app-based loans (Branch, Tala, Zenka), bank personal loans under KES 1M (KCB, Equity, Co-op), and salary advance products. These require only ID, income proof, and good CRB status.
How much can I borrow without collateral?
Unsecured loan limits: Mobile loans up to KES 70,000, app loans up to KES 100,000, bank personal loans up to KES 3 million (salary-based), salary advances up to 50% of net pay. Limits depend on income, credit history, and lender policy.
What do banks accept instead of collateral?
Instead of physical collateral, lenders accept: Salary check-off (automatic deduction), guarantors, post-dated cheques, M-Pesa transaction history, and good CRB record. Some banks use alternative credit scoring based on phone and mobile money data.
Are unsecured loans more expensive?
Yes, unsecured loans typically have higher interest rates (15-25% p.a. for banks, 30-100%+ for mobile loans) compared to secured loans (13-18% p.a.). The higher rate compensates lenders for increased risk. For large amounts, consider secured options for lower rates.
Browse by Eligibility
Find Your Perfect Loan
Compare all 31 no collateral loan options and apply online.