Personal Loans
· Suricate Loans Editorial Team

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Navigating Personal Loans: October's Top Picks

Explore personal loan options with rates from 11% to 107%. Dive into detailed comparisons to find the right fit for your financial needs this October.

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Quick Picks

Lowest APR: Stanbic Bank Personal Loan.
Fastest Access: Faulu Kenya Personal Loan.
Best for Small Amounts: KCB M-PESA Loan.

Low APR Options

Looking for a personal loan with an attractive APR? These options might be your best bet if affordability is your priority.

Stanbic Bank Unsecured Personal Loan

Stanbic Bank's personal loan offers rates starting at 11%, making it one of the most affordable options. The long term of up to 96 months provides flexibility in repayment, which is a rarity among competitors with shorter terms.

Lowest APR Stanbic Bank Unsecured Personal Loan →

Standard Chartered Kenya Personal Loan

Standard Chartered offers competitive rates between 12% and 15%. While not as low as Stanbic, it stands out for its wide accessibility and reputation for customer service.

Editor's Pick Standard Chartered Kenya Personal Loan →

ABSA Bank Kenya Personal Loan

ABSA Bank's offering falls in the mid-range, with rates from 13% to 16%. It balances cost with a reasonable term length, making it suitable for those who prioritize stable, predictable payments.

ABSA Bank Kenya Personal Loan →

For those who need funds immediately or have less-than-perfect credit, the next set of options might offer the speed and ease you require.

Quick and Accessible Loans

If immediate access to funds is your main concern, consider these options.

Faulu Kenya Personal Loan

Faulu Kenya personal loan shines with its rapid access, offering loans up to $500,000 within 24 hours. This is ideal for emergencies, though the rates are higher at 20% to 26%.

Fastest Approval Faulu Kenya Personal Loan →

KCB M-PESA Loan

KCB M-PESA Loan stands out for small, quick loans despite its high rates. The ease of access via mobile makes it a convenient choice for urgent small-scale needs.

KCB M-PESA Loan →

Zenka Personal Loan: Quick Mobile Loans

Zenka offers a straightforward application process, focusing on accessibility. However, ensure you can handle the potentially high costs due to lack of transparent rate information.

Most Flexible Zenka Personal Loan: Quick Mobile Loans →

NCBA Bank Personal Loan

NCBA Bank's offering is a middle ground between speed and cost, with competitive rates and relatively fast processing. It's a solid option for those who need a balance.

NCBA Bank Personal Loan →

Co-operative Bank Personal Loan

Co-operative Bank provides a reliable service with rates similar to NCBA, but its reputation for customer support gives it an edge if you value assistance.

Co-operative Bank Personal Loan →

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Personal

I&M Bank Personal Loan

APR
13.0–16.0%%
Amount
KSh50k–KSh5M
Term
12–72 mo

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

Kenyan resident · I&M account · Regular salary

Personal

Stanbic Bank Unsecured Personal Loan

APR
11.0–14.0%%
Amount
KSh50k–KSh5M
Term
12–72 mo

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

Kenyan resident · Stanbic account · Regular salary

Personal

National Bank of Kenya Personal Loan

APR
14.0–18.0%%
Amount
KSh50k–KSh3M
Term
12–60 mo

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

Kenyan resident · NBK account · Regular salary

Personal

KWFT Personal Loan for Women Entrepreneurs

APR
18.0–22.0%%
Amount
KSh5k–KSh2M
Term
6–48 mo

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.

Kenyan resident · KWFT account · Regular income

Personal

KCB M-PESA Loan

APR
88.0–107.0%%
Amount
KSh50–KSh150k
Term
3–6 mo

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

Kenyan M-PESA user · Active KCB M-PESA account

Personal

Faulu Kenya Personal Loan

APR
20.0–26.0%%
Amount
KSh5k–KSh1M
Term
6–48 mo

Best for: This loan is best suited for salaried individuals looking for quick access to funds without extensive documentation, especially those with limited access to traditional banking.

Kenyan resident · Faulu account · Regular employment

Personal

Family Bank Personal Loan

APR
15.0–18.0%%
Amount
KSh10k–KSh3M
Term
12–60 mo

Best for: This loan is best suited for individuals and businesses in semi-urban and rural Kenya looking for reliable funding options.

Kenyan resident · Family Bank account · Regular salary

Personal

Zenka Personal Loan: Quick Mobile Loans

APR
0.0–120.0%%
Amount
KSh500–KSh30k
Term
3–3 mo

Best for: This loan is ideal for individuals needing fast cash for emergencies or unexpected expenses, especially those familiar with M-PESA transactions.

Kenyan M-PESA user · Smartphone with Zenka app

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DTB Personal Loan

APR
14.0–17.0%%
Amount
KSh50k–KSh3M
Term
12–60 mo

Best for: This loan is best for individuals seeking both secured and unsecured options, particularly those who value a trusted bank with a regional presence.

Kenyan resident · DTB account · Regular salary