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Kwato Loan in Kenya: How to Access it

By Oluchukwu Ikemefuna

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Easy access to quick and sure financial support in today’s fast world may be all the difference one may require, especially in times of need. It is factual that quite several Kenyans find it hard to know whom to trust when seeking credit facilities. That is where the Kwato loan comes in.

Kwato loans are designed to offer you a hassle-free borrowing experience, giving you the required financial help minus the problems usually encountered with traditional banking.

This article will help you through all you should know concerning the Kwato loan, including the Kwato loan requirements and the Kwato loan USSD code, with step-by-step details on how one can access the Kwato loan.

Whether facing an unexpected expense or just in need of that little extra money to get one through the month, understanding how to make use of the Kwato loan can be quite key.

Let us dive right in and see how you can leverage the service to give you the financial boost that you need, easily.

What is a Kwato Loan?

Kwato Loan

Kwato Loan is an online digital lending platform in Kenya that offers instant access to loans, either by a mobile app or USSD. The flexible nature of loan terms enables one to borrow money at any time one likes to do so. 

With Kwato Loans, a borrower may raise requests starting from KSH 5,000 up to KSH 500,000, with a tenor for repayment spanning from 60 days to 12 months.

Another key feature of this application is the loan eligibility, interest rate, and credit scoring system. 

Within Kwato Loan, the app targets fast money solutions to surge expenses, emergencies, or personal needs. It gives end-users funds directly into their mobile wallets or bank accounts, only by downloading the app and following a very simple online application procedure.

Kwato Loan focuses on improving financial inclusion by offering cheap credit to individuals and small businesses in Kenya. The platform operates with safety, complete transparency, and no hidden fees/charges while lending. 

Users can borrow based on convenience and repay most flexibly through Kwato Loan, which gives them many benefits in availing instant loans in Kenya.

Read Also – How to Apply for Specta Loan

What are the Kwato Loan Requirements?

To receive a Kwato Loan in Kenya, the borrower should usually be able to satisfy the following basic requirements:

  1. Age: The minimum age should be 18 years.
  1. Citizenship: Applicant shall be a Kenyan citizen with a valid ID.
  1. Mobile Phone: Applicant shall have a registered mobile phone number with one of the large Kenyan telecom operators such as Safaricom or Airtel.
  1. Good Credit History or Credit Score. Though some microfinance institutions do give loans to those with limited or poor credit histories, it is not an industry standard.
  1. Source of Income: The client shall have a verifiable source of income that gives assurance of loan repayment.
  1. Bank Account: One will be required to have a bank account or even a mobile money account, like M-Pesa, for disbursement and repayment purposes.
  1. Guarantors or Collateral: You can be asked for guarantors or collateral, depending on the amount you want to borrow and the lender.

You should ensure that you always confirm with the lender since the stipulated requirements are many. 

How to Access a Kwato Loan

Accessing a Kwato loan is quite an easy process, achievable in only some steps, either via the Kwato Loan app or the USSD code. 

How to Access a Kwato Loan Using the App

  1. Download the Kwato Loan App: Go to the Google Play Store or Apple App Store and download the Kwato Loan app. The download and installation are free.
  1. Sign Up for an Account: Open the application and then register for an account by providing all your details, including your name, email address, and phone number. This will constitute your unique account.
  1. Verify Your Account: Verify your account using an OTP to be sent to your phone. The step ensures that your account is kept safe from all sorts of unauthorized use or access.
  1. Fill Out the Loan Application Form: You will need to fill out a loan application form stating the amount of loan you intend to take and in what period you can pay it back. It will also ask for information regarding your employment status, your income, and your expenses.
  1. Upload Documents: Upload all the documents that may be requested, including your identification, proof of income, and proof of address. These documents are necessary to check your identity and creditworthiness.
  1. Await Approval: Just sit back and let the loan get processed. You might need to wait for just a few minutes or hours, depending on how long the app takes to process. You will be notified when your loan is accepted.
  1. Get the Money: After approval, the amount borrowed will be credited directly to your bank account. You can then use the money for whatever purposes you need it for.
  1. Repay the Loan: Repay your loan according to your repayment schedule. You can repay through the app or bank transfer.

Also Read – How to Get a Loan from Ippis

Accessing Kwato Loan via USSD Code

  1. Dial the USSD Code: Dial the Kwato Loan USSD code on your mobile phone *853#.
  1. Select Your Language: Choose your language, either English or Swahili, to proceed.
  1. Enter Your Details: Enter personal details such as your name, phone number, and ID number.
  1. Choose Your Loan Amount: Select the loan amount you want to borrow and for how long.
  1. Submit Your Application: Submit your loan application.
  1. Wait for Approval: Wait for the loan to be authorized. You will be notified when your loan is approved.
  1. Get the Loan: If approved, the loan amount shall be disbursed directly into your bank account.
  1. Repay the Loan: Repay the loan based on the agreed-upon repayment schedule.

Remember to carefully review the loan terms and conditions, including the interest rate and repayment schedule, before accepting the loan.

Kwato Loan Interest Rates

Kwato Loan Kenya charges varying interest rates depending on the loan amount and the duration of time given to repay the loan. Below is a general idea of these rates:

  1. Short-term Loans: The loans will usually have high interest since the duration for their repayment is short; thus, an interest rate ranging from 5 – 15% per month on the Principal.
  1. Medium-term Loans: Such loans might command relatively lower interest rates ranging from 3% to 10% per month, depending on credit score and loan amount.
  1. Long-term Loans: The interest rates for long-term loans range from 2% to 8% per month for longer periods.

Please note, however, that specific rates are situation-specific and vary by individual assessments, credit scores, and specific loan terms. One can get the most recent and accurate information by visiting or contacting the official avenues of Kwato Loan in Kenya or their customer service.

Read Also – How to Apply and Get Pep Loan

What is the Repayment Process for Kwato Loan?

Repaying a Kwato Loan in Kenya involves several steps to ensure timely and accurate payment. You can make your payment via a mobile money platform or bank transfer. Here is the general outline of the steps in the steps for repayment


Repayment Process via Mobile Money

  1. Open your mobile money application on your phone.
  2. Navigate to the Paybill option.
  3. Input the Paybill Number given for Kwato Loan repayments.
  4. Enter the amount being repaid.
  5. Check the details and pay the amount. You will get a confirmation text.

Bank Transfer Repayment Process

  1. Log in to your online banking account, or visit one of their branches.
  2. Perform an interbank transfer into Kwato’s bank account. 
  3. Enter your loan account number or your reference number in the transaction details.
  4. Verify all the details and perform the transfer. Save the proof of transaction receipt.

This ensures good credit scores and might improve your creditworthiness in any future loans.

Benefits of Using Kwato Loan

The benefits of using the Kwato Loan include the following:

  1. Fast Cash Availability: Fast processing and disbursal of loans are offered by Kwato Loan, and thus it is a viable solution for anybody who needs money immediately.
  1. Convenient Application Process: A Loan Kwato application process is simple, online, or through USSD; hence, it does not require any physical paperwork or following a hectic procedure.
  1. Flexibility of Loan Amounts: Kwato loan includes a feature that mainly witnesses flexible loan amounts against different financial needs, thus allowing borrowers to select an amount that would best fit them.
  1. No Collateral Required: Kwato Loan does not require any collateral, hence, it is open to all those who may not have any assets to pledge.
  1. User-friendly Interface: Both the online and USSD platforms for loan applications are user-friendly, ensuring every person with minimal computer skills can easily apply.
  1. Customer Support: Reliable customer support is available at Kwato Loans to guide borrowers through the application of the loan to the very end, which is repayment.

Also Read – How to Apply for Sterling Bank Loan

Drawbacks of Using Kwato Loan

Knowing the disadvantages of the Kwato Loan is just as important:

  1. High interest rates: the interest rates for Kwato Loans are usually way higher compared to those obtainable from banks.
  1. Short-term to repay: you will be given a very short period to pay back, which could be quite demanding.
  1. Risk of overborrowing: Its ease of access could result in overborrowing. 

How Long Does It Take to Get Approved for Kwato Loan?

How long until a Kwato Loan gets approved may vary for several reasons: the completeness of applications, verification, or special policies within Kwato.

Generally, if everything is correctly uploaded and there are no issues with your application, then it will be quite speedy; mostly a few hours or a day.

Tips for a Successful Loan Application

To make your case for a successful Kwato Loan application, consider the following:

  1. Ensure that you are accurate: Be keen on all information you input during registration and while applying to avoid errors that may lead to delayed approval of your loan.
  1. Maintain a good credit Record: Timely repayment of the previous loan can enhance your credit scoring system, making it easier to climb the ladder with time to qualify for a higher amount.
  1. Contact Customer Service: Make sure to contact customer service in case of a challenge or issue that happens at Kwato.

With these guidelines, your chances of getting approved will increase, needless to say, and the process of applying for a Kwato Loan is much easier.

Final Thoughts 

Accessing the Kwato loan in Kenya is relatively easy, provided one follows the proper steps. Understanding the requirements for Kwato loans and how to use the Kwato USSD loan code makes it easy.

To access a Kwato loan, what the customer needs to do is first check for eligibility, then dial the USSD code on their phones and follow the prompts to complete the application.

This financial tool comes in handy any time you get yourself in an instant cash trap. For more insights or questions on the Kwato loan, drop a comment below. 

Stay updated with more financial tips and news by following us on Facebook at Silicon Africa, Instagram at Siliconafricatech, and Twitter at @siliconafritech.

Frequently Asked Questions 

What is the repayment period for the Kwato Loan?

Repayment duration might be from 60 days to 12 months, depending on the amount a person borrows and his preference. You are at liberty to make a choice of schedule which will best suit your financial situation.

Am I allowed to apply for another loan if I already have an existing one?

No, you can only apply for a new loan after you repay your existing one. Kwato Loan only allows one outstanding loan per customer at a time.

Is my personal information safe with Kwato Loan?

Yes, Kwato Loan uses end-to-end encryption and secure servers to help safeguard this information. They have in place best practice data protection policies to ensure that the information provided is safe and confidential.

How do I contact Kwato Loan customer support?

You can reach out to the Kwato loan support team for assistance with any query or concern while using the app. You may do this through in-app messages, email, or phone 


  • kenyantimes.co.ke – Kwato Loan App APK: Your Guide to Downloading and Applying for …


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Onyinyechi Ikemefuna
Onyinyechi Ikemefuna

Ikemefuna Onyinyechi Patience, a skilled Content Writer hailing from Anambra State Nigeria, holds a Higher National Degree in microbiology from Federal Polytechnic Oko, Anambra. Armed with robust research and SEO expertise, she excels in crafting articles spanning technology, finance, healthcare, education, and lifestyle. Her work stands out for its ability to authentically inspire and engage while inciting action. Beyond her writing prowess, Ikemefuna finds joy in reading, exploring movies, and delving into continuous research, contributing to her growth as a proficient writer.

Articles: 151

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