Types of loans available in Kenya
Kenyan borrowers generally choose between a handful of loan categories, each suited to a different need and repayment style.
Personal loans
Unsecured loans for personal expenses, usually from banks or digital lenders.
SACCO loans
Lower interest rates for SACCO members, based on savings and guarantors.
Logbook loans
Fast financing secured against a vehicle's logbook.
Mortgages
Longer-term financing for buying property, typically from banks.
How to qualify for a loan in Kenya
Requirements vary by lender and loan type, but most verified lenders on ZangCash will look at your income stability, existing debt, credit history with the Credit Reference Bureau (CRB), and, for secured loans, the value of the asset offered as collateral. SACCOs typically also require an active savings record and at least one guarantor.
Comparing lenders before you borrow
| Without comparing | Comparing on ZangCash |
|---|---|
| Visit each lender's branch separately | Compare verified lenders from one search |
| Unclear or hidden interest rates | Rates and terms disclosed upfront |
| No way to check lender legitimacy | Only verified lenders are listed |
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