Money254 is not a lender.
With Money254, instantly compare over 250 loans, savings accounts, and credit cards in Kenya and apply online. Become a Money Master with Money254’s daily Money Tips.
With Money254 you have Kenya’s financial sector in your pocket.
Why use Money254?
-- Find better loans fast. We’ve done the product research for you. Answer three questions to find loans you can qualify for. You don’t need to visit branches or download apps to find product information. We connect you with products in under five minutes so you can get back to work.
-- Stop getting hustled. Money254 gives you transparent access to all product information. You can compare products and make the best decision for you. Our commercial analysts mystery shop all products on the Money254 app and strive to keep our information up-to-date, accurate, and valuable to you. Don’t let another loan officer hustle you.
-- Discover new products. What is the current return on a savings account in Kenya? What types of credit cards are available in Nairobi? Use our Accounts Finder to explore new accounts and widen your portfolio.
-- By Kenyans, for Kenyans. Our commercial and editorial teams are in Nairobi and on a mission to give you the best money content and comparison experience available in Kenya. We’re here to help you make better money decisions. Join us.
-- We don’t ask for unnecessary information. We know data security is critical. Your account is secured by bank-grade 256-bit encryption and protected by the Kenya Data Protection Act. We don’t ask for information we don’t need. You can get straight to finding better ways to grow your money.
What is Money254?
Money254 gives you the knowledge and tools to make the most of your money in Kenya.
Use Money254’s Loan Finder to find the best financing options for business growth or personal needs. Search over 100 loans from commercial banks, microfinance institutions, and digital lenders at the same time. Money254 matches you to the best loans for your search.
Then, compare the interest rate and fees to decide which loan is best for you. Found the right loan? Skip the branch and apply in minutes directly through Money254's Easy Apply. A Money254 agent will support you through the application process. Get the financing you need to grow your business without getting hustled.
Money254’s Account Finder helps you find the best ways to manage and grow your money. Discover and compare over 150 current, savings, and credit card accounts from Commercial Banks, Microfinance Banks, and SACCOs.
Money254’s Money Tips help you make better financial decisions for your business and family. Use Money254’s 1,000+ articles to discover money management tips, learn how financial products work, and understand how recent events impact your money. Become the Money Master you strive to be.
—Personal Loans Declaration —
Personal Loans featured on Money254 come from various digital, microfinance, and banking organisations to give you the ability to find and choose the most appropriate for your needs. These institutions adhere to the lending policies outlined by the Central bank of Kenya. Personal Loans on Money254 have a minimum repayment period of 61 days and a maximum repayment period of 10 years. The representative APR, including all fees for these loans, ranges from a minimum of 14% to a maximum of 730%, reflecting the total loan costs.
A representative example for a Ksh100k loan taken for 3 months at 730% APR is:
Loan Amount: ksh100,000
Representative APR, including all fees: 730%
Loan Duration: 3 Months
Estimated Monthly Repayment: ksh80,082
Estimated Total Repayment Amount: ksh240,247
A representative example for a Ksh100k loan taken for 10 years at 14% APR is:
Loan Amount: ksh100,000
Representative APR, including all fees: 14%
Loan Duration: 120 Months
Estimated Monthly Repayment: ksh1,553
Estimated Annual Cost: ksh18,636
Estimated Total Repayment Amount: ksh186,320