M-Shwari Personal Unsecured Loan Details

Rates available from as of 1st April 2021
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Total Cost
per loan
Typically approved within
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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


  • 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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