Which Bank Gives Loan Easily in Kenya?

Which bank gives loan easily in Kenya? This article contains a list of banks where you can easily obtain a loan. So keep reading until the end.

Are you in financial distress and in need of a quick loan to meet your needs?

That is where the question arises: which bank gives loan easily in Kenya? Well, here is a list of Kenyan banks where you can easily obtain a loan.

Banks, however, do not lend money to everyone who walks through their doors. They use certain criteria to determine whether or not you qualify for a loan.

So, here are a few things to keep in mind to ensure that your loan application goes smoothly. These are some examples:

  • Credit score: One of the most important factors that banks consider when evaluating loan applications is an applicant’s credit score. As a result, you should keep your credit score high by paying your dues on time.
  • Interest rate comparison: comparing interest rates offered by different banks ensures that you get the best rate and type of interest for you, as well as making loan repayment easier.
  • Income requirements: Most banks impose income requirements on borrowers to ensure they can repay the new loan. The minimum income requirements, however, differ depending on the bank from which you borrow. Recent tax returns, monthly bank statements, pay slips, and signed letters from employers are acceptable forms of proof of income; self-employed applicants can provide tax returns or bank deposits.

Now with that out of the way, which bank gives loans easily in Kenya?


Which bank gives loan easily in Kenya?

So, which bank gives loan easily in Kenya?

Here’s a list of banks in Kenya that easily gives loans.


1.     NCBA Bank

All NCBA account holders are eligible for personal loans, and no collateral is required.

If you qualify for an NCBA loan, you will have your loan approved within 12 hours of applying.

To be eligible for an NCBA personal loan, you must meet the following requirements:

  • Maintain an active NCBA account for at least three months.
  • Original and copy of your National ID card.
  • Original and duplicate of your KRA Pin.
  • Have a steady source of income.
  • Payslips for the last three months, as well as certified copies of bank statements for the last six months (for non-account holders).
  • A reference letter from your current employer

What NCBA offers

  • The application process is simple and quick.
  • The loan amounts range from Kshs. 100,000 to Kshs. 4,000,000, with repayment terms ranging from 6 to 72 months (6 years).
  • The loan has a 13% interest rate, a 2% processing fee, a 0.7% insurance fee, and a 20% excise duty.
  • You have the option of borrowing in Kenyan shillings or major foreign currencies such as USD, EUR, and GBP (that is, if your salary or income is in a foreign currency).
  • Loan protection insurance—covers your repayments in the event of accidental death or permanent disability.


2.     Equity Bank

Equity Bank is regarded by many as an excellent source of personal loans in Kenya.

It provides three types of personal loans: Eazzy loans, Equiloans, and salary advances.

1.      Eazzy loan

Eazzy Loan is a simple loan that does not require guarantors or completed forms, and you can receive up to 3 million shillings instantly into your account.

To be eligible for an Eazzy Loan, you must have an active Equity bank account and an Equitel line for at least 6 months.

Eazy loans range from Kshs. 1,000 to Kshs. 3,000,000, and have a 5% processing fee.

The interest rate on an Eazzy loan ranges between 11% and 13%, depending on the amount borrowed and the repayment period.

You can apply for an Eazzy loan via the Eazzy Loan App, your Equitel line, or by dialing *247#, where you can also track your loan balance and make payments.


  • Must have an active Equity bank account for the last six months.
  • Must have an active Equitel line for at least six months.

What it offers

  • The loan amounts range from Kshs 1,000 to Kshs 3,000,000.
  • Loans are available in both monthly and bimonthly installments.
  • A flexible repayment period of up to 12 months.


2.      Equiloan

Equiloan is a product for salaried customers, whose employers have signed an MOU with Equity, to meet development needs and asset acquisition.


  • Must be employed and have a steady income.
  • Should have an active Equity bank account.
  • Your employer must have an MOU with Equity bank.
  • 3 most recent copies of payslips.
  • A reference letter from your employer.

What it offers

  • Loan amounts range from Kshs. 100,000 to Kshs. 5,000,000.
  • The loan has a 6% processing fee.
  • A repayment period of up to 96 months.
  • The loan attracts a minimum interest rate of 11% and a maximum interest rate of 13%.
  • A 5% late payment fee on a flat late fee structure


3.      Salary advance

A salary advance is a short-term loan given to a salaried customer based on their bank’s profile to assist them in meeting their emergency needs.


  • You must maintain an active Equity Bank account by depositing at least three months’ salary into it.
  • A reference letter from your employer.
  • Three most recent payslips.
  • Your ID card and KRA pin, both original and copy.


What it offers

  • Loans of up to Kshs. 300,000 are available with no security requirement.
  • Has a repayment period of up to 12 months.
  • Your loan is deducted from your bank account automatically.


3.     Co-operative Bank

A cooperative bank loan is a simple and convenient borrowing option that can help you achieve your goals.

You must be employed or have a steady source of income to be eligible for this loan, as cooperative banks only lend to people who are employed or have a steady source of income.

With a flexible payment plan, you can borrow as little as Kshs. 50,000 and as much as Kshs. 4 million.

Keep in mind that your loan amount is determined by your credit score.

The rates involved are a 13% interest rate and a 3% processing fee.

Requirements for loan application

  • Original and a duplicate of your ID card.
  • Original KRA Pin and its copy.
  • Your salary payslips (or certified copies of bank statements) for the last three months.
  • Filled in application form

What Co-operative Bank offers

  • The minimum loan amount is Kshs. 50,000, and the maximum loan amount is Kshs. 4,000,000.
  • A repayment period of up to 72 months (6 years).
  • Education, medical, furniture, consumer durables, motor vehicles, plot purchase, holidays, and shares are among the purposes to be covered.
  • Credit scoring will be used to evaluate applications.
  • Loan applications are completed within 48 hours.


4.     KCB Bank

KCB Bank provides loans at very competitive rates with flexible repayment terms, making it yet another excellent option for Kenyan borrowers looking for loans.

The bank provides personal loans to individuals to meet their own needs without the need for a security deposit.

Simply show proof of a consistent income and be a KCB account holder for at least three months, and you’ll be ready for a quick loan.

KCB loans typically attract an interest rate of 13%, which includes the CBR rate of 9% and the bank’s variable margin of 4%.

The only additional fee is a 2.5% negotiation fee.

It’s worth noting that there are other types of loans available, ranging from Masomo loans to personal unsecured check-offs, salary advances, and so on.


  • Must have a KCB account for at least three months.
  • Your ID card (original and copy).
  • Your original KRA Pin and its duplicate.
  • Proof of income for self-employed individuals.
  • Employment card (where applicable).
  • Original payslips, most recent (where appropriate).

What KCB offers

  • It’s open to employed or self-employed individuals with a steady income.
  • The repayment period is of up to 36 months (3 years).
  • A security deposit is not required.
  • Loans range from Kshs. 20,000 to Kshs. 400,000.


5.     National Bank of Kenya

National Bank offers a variety of personal loans to help you achieve your goals.

The target audience consists primarily of salaried Kenyans employed on long-term contracts with reputable organizations.

Loans ranging from Kshs. 50,000 to Kshs. 6,000,000 are available, with repayment terms ranging from 6 to 84 months.

It should be noted that there is a 2% negotiation fee for new loans and buy-offs, and a 1.5% fee for top-ups.


So, that’s it to: Which bank gives loan easily in Kenya?

Which bank gives loan easily in Kenya? – Conclusion

So, if you’ve been wondering, which bank gives loan easily in Kenya? Now you know.

However, joining a good SACCO and saving your money with them would be a pretty good idea because it is very easy to get a loan if you are a member.

Most importantly, SACCO interest rates are significantly lower than those of banks, and your savings will also earn interest.

Amica Sacco, Stima Sacco, and Mwalimu National Sacco are among the SACCOs to consider joining.

Good luck!



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