M-Shwari: loan rates, fees and limits (2026)
Offered by NCBA Bank Kenya through M-PESA.
Our verdict
M-Shwari's cost is listed as A 7.5% facility fee plus 1.5% excise duty, 9% in total, charged upfront on a 30-day loan. If the principal is still unpaid on day 31, the same 9% is charged again; repayment period 30 days. Short loans can look cheap in percentage terms and still be costly over a year, so convert the fee to an annual rate before you compare.
- Interest and fees
- A 7.5% facility fee plus 1.5% excise duty, 9% in total, charged upfront on a 30-day loan. If the principal is still unpaid on day 31, the same 9% is charged again.
- Loan limits
- KES 100 to KES 50,000, depending on your M-PESA activity; limits are reviewed every 90 days.
- Repayment period
- 30 days.
- Regulator
- CBK (NCBA Bank Kenya is a licensed bank)
Verified 23 October 2026 · source: NCBA, M-Shwari key facts document
Compare M-Shwari with banks and other lenders on our personal loans page, or read Hustler Fund vs Fuliza vs M-Shwari: real costs and how to borrow safely.
Frequently asked questions
How much does a M-Shwari loan cost?
A 7.5% facility fee plus 1.5% excise duty, 9% in total, charged upfront on a 30-day loan. If the principal is still unpaid on day 31, the same 9% is charged again. Last checked 2026-10-23. Always confirm the current terms with M-Shwari before you borrow.
What is the M-Shwari loan limit?
KES 100 to KES 50,000, depending on your M-PESA activity; limits are reviewed every 90 days.
How long do I have to repay a M-Shwari loan?
30 days.
Is M-Shwari regulated?
CBK (NCBA Bank Kenya is a licensed bank).
How do I work out the real annual cost of a M-Shwari loan?
Take the total fees and interest, divide by the amount borrowed, then scale up to a year by the number of days you borrow for. Our mobile loan APR guide walks through a worked example and has a calculator.
How current is the information about M-Shwari?
The figures on this page were last verified on 2026-10-23, against the source linked above.
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