If you want a loan of Ksh10,000 urgently in Kenya, there are specific places to get it. Mobile loan Apps and Microfinance Institutions will charge you very high interest rates. But Saccos will charge the lowest interest rates.Below we list areas where to get Ksh10k loan urgently:
Sacco
If you are a member of a Sacco,visit your branch and apply for the Ksh10,000 urgently. You will get the loan with lowest interest rate.Normally,the interest rate is less than 12% per year.
Bank
You can also get a loan from your bank. Emergency loan or Salary Advance are available for members. Interest will be 12% to 16% per year.
Mshwari
Another good place to get the loan from is Mshwari. The interest rate is 9% per month.You can get a loan of up to Ksh50,000.
Faulu Microfinance
Faulu Microfinance is one of the few good microfinance institutions in Kenya. It can also give you a loan of Ksh10,00 urgently.
Borrow from your friend ,workmate or relative
The best way to get a loan is from your friend, workmate or relative. Agree to pay with some interest and within a particular time period.
Best Apps for Ksh 10,000 loan in Kenya
Tala—Ksh1,000 to Ksh 50,000
Branch—Ksh 500 to Ksh300,000
Zenka—Ksh 500 to Ksh200,000
Zash—Ksh 800 to Ksh 50,000
Kahsway—Ksh2,000 to Ksh10,000
Lendplus—Ksh 1,000 to Ksh50,000
iPesa—500 to Ksh50,000
One loan App may not give you a loan of Ksh10,000. All you do is to apply for the loan from at least 5 loan Apps. If each of them gives you Ksh3,000,you will reach the Ksh10,000 threshold.
