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The Truth About Personal Loans: August's Best Picks

Discover personal loans with rates as low as 11% and terms up to 96 months. Evaluate options based on APR and flexibility.

Aug 24, 2026 Read more →

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I&M Bank

I&M Bank Personal Loan

APR 13.0–16.0%

Amount: KSh50k–KSh5M
Term: 12–72 months
Approval: 2-5 business days

Best for: This loan is best for existing I&M Bank customers looking for quick access to funds via a user-friendly app.

M-Shwari (Safaricom/CBA)

M-Shwari Loan

APR 90.0%

Amount: KSh100–KSh50k
Term: 1–1 months
Approval: Instant

Best for: This service is best for individuals who have consistent M-PESA usage and savings, enabling them to access quick loans without lengthy approval processes.

Stanbic Bank Kenya

Stanbic Bank Unsecured Personal Loan

APR 11.0–14.0%

Amount: KSh50k–KSh5M
Term: 12–72 months
Approval: 2-5 business days

Best for: This loan is ideal for individuals needing immediate funds without collateral, especially for personal emergencies or significant expenses.

National Bank of Kenya

National Bank of Kenya Personal Loan

APR 14.0–18.0%

Amount: KSh50k–KSh3M
Term: 12–60 months
Approval: 2-5 business days

Best for: This loan is best for individuals seeking unsecured financing with flexible repayment terms, especially those with stable salaries.

KWFT Bank

KWFT Personal Loan for Women Entrepreneurs

APR 18.0–22.0%

Amount: KSh5k–KSh2M
Term: 6–48 months
Approval: 1-3 business days

Best for: This loan is best for women entrepreneurs and salaried employees in need of financial support. KWFT's focus on women sets it apart in Kenya’s microfinance space.

KCB M-PESA

KCB M-PESA Loan

APR 88.0–107.0%

Amount: KSh50–KSh150k
Term: 1–6 months
Approval: Instant

Best for: Ideal for individuals needing quick cash with a flexible repayment plan based on their savings and payment history.