M-Shwari Personal Unsecured Loan : Product Details & How to Apply

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Loan Amount
Ksh100 - 50K
Loan Period
1 month
Interest Rate
Total Cost
(incl fees)
9% per loan
Product Details
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Total Cost Breakdown (Loan Fees):

  • Interest Minimum: None
  • Interest Maximum: None
  • Processing fee: 9%
  • Insurance Fee: None
  • Withdrawal Fee: None
  • Late Fees: 9% Rollover
  • Other Fees: None

Disbursement Details:

  • Institution Type: Digital Credit
  • Application Method: Digital
  • Disbursement Method: M-Pesa

Repayment Details:

  • Repayment Frequency: Bullet
  • Early Repayment: Allowed
  • Repayment Method: M-Pesa

Eligibility Requirement:

  • Smartphone: Not required
  • CRB: Must be in good standing
  • Income: No Minimum
  • Employment: Not required
  • Network: M-Pesa customer
  • History: Active M-Pesa for 6 months


Representative Example of Loan Costs:

  • Example Loan Amount: ksh10,000
  • Representative Loan Cost: 9%
  • Total Loan Repayment Amount: ksh10,900

This product is provided by NCBA Bank Kenya Plc and Safaricom Kenya. NCBA Bank Kenya Plc is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya

How to Apply

Our Review
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  • Fast approval time (Less than 24 hours)
  • Loan limit grows over time
  • Discount on processing fee if repaid within a week (20%)    


  • Must have active M-Pesa account for 6 months
  • Loan limit starts small, depending on transaction history
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How to Apply for M-Shwari Loan, Repayment, Fees, Contacts

M-Shwari is a mobile loan service created via a partnership between NCBA Bank and Safaricom’s M-PESA. NCBA maintains a dedicated management information system, regulatory compliance, reports to the Credit Reference Bureau (CRB), and provides capital to fund the loan portfolio. 

It is also NCBA that carries the risk and absorbs losses from non-performing loans.

The loans are accessible from the Safaricom SIM toolkit, MySafaricom app, and the recently launched M-PESA app.

Who Is Eligible For M-Shwari Loans?

M-Shwari Loan Limits and Interest Rates

How to Register Using M-Shwari

How to Apply for Your First M-Shwari Loan via Sim Toolkit

How to Apply for Your First M-Shwari Loan via MySafaricom App

How to Make M-Shwari Loan Repayments

M-Shwari Fees and Penalties

M-Shwari MySafaricom Loan App Privacy and Permissions

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Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.

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