Installment loans are big loans taken from Financial institutions in Kenya and are repaid in small amounts over a period of time.
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The payment can be distributed either daily, weekly or monthly depending on the lender terms.
Types of Installment Loans in Kenya
Installment loans in Kenya include:
- Mortgage loans
- Auto Logbook loans
- Student Loans
- Buy Now Pay Later Loan Apps
Installment Loan Lenders In Kenya
Examples of installment loan lenders are as follows:
- Banks - KCB bank
- Credit only Institutions - Mwananchi
- Higher Education Loans Board ( HELB)
- BNPL apps - Aspira App
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