SACCO or bank? Find the cheaper loan

Compare SACCO, bank, and mobile lender costs for the same loan amount and term.

Loan amount needed (Ksh)

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19–24%

is the typical bank personal loan rate in Kenya. Most borrowers accept the first quote — without comparing.

CBK Banking Supervision Report 2025

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Ksh 180B

estimated interest saved by Sacco members in 2023 vs equivalent bank loans — Saccos exist to serve members, not shareholders.

SASRA Sacco Supervision Annual Report 2023

Spotted a figure that looks wrong? Tell us what it should be. Tax bands and rates change on somebody else’s schedule — a reader with their own payslip catches a stale one faster than we do.