Ecobank Kenya offers diverse loan products tailored for personal and business needs, with competitive eligibility criteria and rates benchmarked against the Central Bank Rate (CBR). Below is a summary table of key Ecobank loans alongside major Kenyan competitors for comparison.
| Bank | Loan Name | Eligibility Criteria | Interest Rates (APR) |
|---|---|---|---|
| Ecobank Kenya | Personal Loan | Age 21+, Kenyan ID, steady income, Ecobank account | 14-18% |
| Ecobank Kenya | Mortgage Loan | Stable income, property collateral, age 21+ | 12-16% |
| Ecobank Kenya | Salary Advance | Salaried employees, Ecobank account, min. salary KES 20,000 | 1-1.5% monthly |
| Ecobank Kenya | Travel Loan | Valid passport, income proof, age 21+ | 15-20% |
| Ecobank Kenya | Cash Backed Loan | Fixed deposit holder, min. 3 months tenure | 10-14% |
| Equity Bank | Personal Loan | Age 18+, steady income | 14.39% |
| KCB Bank | Salary Loan | Salaried, min. KES 15,000 salary | 14.6% |
| Co-operative Bank | Unsecured Loan | Kenyan citizen, income proof | 14.5% |
Rates are indicative as of early 2026 and subject to CBR adjustments; always verify with the bank.
Personal Loan
Ecobank Kenya's Personal Loan provides quick funds for emergencies, education, or home improvements without collateral. Borrowers can access up to KES 1,000,000 with repayment terms up to 48 months, applied via mobile app or branch.
Eligibility requires being at least 21 years old, holding a valid Kenyan ID or passport, and proving steady income via payslips or bank statements. An active Ecobank account and good credit history boost approval chances, with funds disbursed in 24-48 hours.
Interest rates range from 14-18% APR, calculated on a reducing balance, making monthly payments affordable for salaried individuals in Nairobi and beyond. No processing fees apply for digital applications, enhancing accessibility for service professionals like facility managers.
2. Mortgage Loan
The Mortgage Loan finances home purchases or construction, offering up to 90% of property value with tenures up to 20 years. Ideal for urban dwellers in Nairobi seeking stable housing amid rising property costs.
Applicants must be 21-65 years, employed with verifiable income (min. KES 50,000 monthly), and provide property title deeds as security. A 10% equity contribution and clean CRB listing are mandatory.
Rates hover at 12-16% APR, often lower for longer terms, with options for fixed or variable linked to CBR. This suits long-term planning, including property maintenance investments common in Kenya's rental market.
3. Salary Advance
Salary Advance offers instant cash up to 3 months' salary for employed clients, repaid via payroll deduction for security. Maximum limit hits KES 500,000, perfect for short-term needs like appliance repairs.
Eligibility targets salaried workers aged 21+, earning at least KES 20,000 monthly, with salary domiciled at Ecobank. Employers must confirm employment; approval takes minutes via app.
At 1-1.5% monthly interest (12-18% annualized), it's cost-effective compared to mobile loans, with no hidden fees. This appeals to Kenya's gig economy workers transitioning to formal payrolls.
4. Travel Loan
Travel Loan covers vacation, business trips, or medical travel, with limits up to KES 2,000,000 and terms up to 24 months. Funds support flights, visas, and accommodations.
Qualified applicants need age 21+, stable income proof, valid passport, and travel itinerary. Ecobank account holders with positive banking history qualify faster.
Rates stand at 15-20% APR, with flexible repayments and insurance tie-ups for added protection. It's popular among Kenyan professionals attending regional conferences or holidays.
5. Cash Backed Loan
This secured loan uses fixed deposits as collateral, allowing up to 90% of deposit value borrowed at lower rates. Tenures match deposit periods, up to 5 years.
Eligibility demands an existing Ecobank fixed deposit (min. KES 100,000, 3+ months old) and age 18+. No income proof needed beyond the deposit itself.
Interest is 10-14% APR, below unsecured options, preserving deposit interest earnings. Ideal for liquidity without breaking savings, suiting conservative savers in property services.
Ecobank Kenya's loan portfolio stands out for digital accessibility, serving Nairobi's dynamic workforce from cleaners to repair technicians facing cash flow gaps. Rates align with peers like Equity at 14.39%, but Ecobank excels in overdraft-like advances. Eligibility emphasizes verifiable income and CRB compliance, with online apps streamlining processes—register via *667# or app, upload ID/payslips, and track status.
For property maintenance pros, Salary Advance funds pest control gear, while Mortgages secure workshops. Always compute total cost: for KES 100,000 at 15% over 12 months, expect ~KES 9,000 interest via EMI calculators. Compare via CBK portal for latest EBRR (around 14%) influences.
Pan-African reach aids cross-border needs, but local focus ensures KES-denominated stability. Risks include overborrowing; cap at 30% income. Consult branches in Westlands or app chat for personalized quotes amid 2026 economic shifts
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