M-Shwari Personal Unsecured Loan Details

Rates available from as of 1st April 2021
Customise your results to find loans you're eligible for by answering 5 more questions
Customize Results
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.

M-Shwari

M-Shwari
Amount
KES
100
-
50000
Duration
1
months
-
1
months
Total Cost
9
%
-
9
%
per loan
Typically approved within
1
days
visit website

Loan Fees:

  • Interest Minimum: None
  • Interest Maximum: None
  • Processing fee: 9%
  • Insurance Fee: None
  • Withdrawal Fee: None
  • Late Fees: 7.5% Rollover
  • Other Fees: None

Disbursement Details:

  • Institution Type: Commercial Bank
  • 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
  • Documents: National ID
  • T&C Links

Money254 Review

Pros:

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

Cons:

  • Must have active M-Pesa account for 6 months
  • Loan limit starts small, depending on transaction history

Use Money254's free search to view the best Personal Loans available in Kenya today

From short-term app loans to long-term bank loans, we have aggregated all of the unsecured Personal Loans from Kenya's top financial institutions.
See all LOANS

What is Money254?

Money254 is a new platform focused on helping you make more out of the money you have. We’ve created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts have tirelessly collected.  
‍

We’ve just launched but will be adding more product categories and tools over the coming months.

Sign-up to our newsletter and social channels to stay up-to-date!
Learn more about money 254

Learn more about savings accounts with these recent articles from the Money254 blog:

Money and Me: How I lost Money to Friends
Personal Loans

Money and Me: How I lost Money to Friends

July 30, 2021
Money Weekly: Call Rates to Fall, as Fuel Tax Review Shelved
Personal Loans

Money Weekly: Call Rates to Fall, as Fuel Tax Review Shelved

July 29, 2021
Identity Theft Nightmare: Kenyans Are Losing Millions to Fraudsters
Personal Loans

Identity Theft Nightmare: Kenyans Are Losing Millions to Fraudsters

July 27, 2021
Digital Lending in Kenya: A Blessing For Some, A Curse For Others
Personal Loans

Digital Lending in Kenya: A Blessing For Some, A Curse For Others

July 20, 2021

Stay up to date with your money - sign up for our newsletter today.

Get updates from the Money254 team on financial news and new Money 254 features.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
About
CompanyTerms of UsePrivacy Policy
Contact Us

Disclaimer: The information that Money254 provides on this website is obtained from publicly available resources and is intended for information or educational purposes only. Money254 strives to keep the information on the website up to date and does not warranty that all the information will be as the financial institutions updated or changed information at all times. Money254 does not own any of the information provided by or obtained from third party financial institutions. Take note that the institutions represented on this website may vary their terms at any time or may offer you terms different to what you have seen on the website due to their own analysis of your individual circumstances or change of terms and you are encouraged to review the specific financial institution’s terms and conditions when obtaining their services or products. Money254 is not a financial institution, insurance provider or financial adviser and is not liable for any decisions any individual makes based on the information provided on the website.  Please refer to our terms and conditions and privacy policy before using this website.