Can an 18 Year Old Get a Payday Loan – Kenya Requirements

Are you 18 years old in Kenya and asking Can an 18 year old get a payday loan?

If you are 18 years old in Kenya, it is possible for you to get approved for a payday loan. Because if you can earn a regular paycheck and have an active bank account, and a Kenyan national ID, there is no need to rely on your parents when borrowing money. 

Payday loans are short-term cash loans (up to Ksh. 500) with a high-interest rate that can be used to cover unexpected expenses when you are low on cash and until your next payday. 

What are Payday Loans?

A payday loan is a type of short-term loan or borrowing where a Payday loan lender will give a borrower a high-interest fund based on their income. It’s typically based on a portion of your next paycheck.

Can 18 Year Old Get a Payday Loan in Kenya?

Yes, 18 year old borrowers may sign a credit contract and receive a payday loan. However, they will need to provide a bank account, national ID, paycheck/source of income, as well as pass a series of credit checks in order to qualify for the loan.

What you need to know about 18 year old getting a payday loan

Payday loans are short-term loans that can be obtained for any purpose. These loans are typically issued in small amounts with modest repayment terms.

In some states, the borrower must be at least 18 years old. The interest rates are often quite high and roll-over loans result in a greater amount of interest charged compared to cash advances or title loans.

Payday loans are regulated by state laws and are primarily intended to serve as a short-term solution for borrowers experiencing financial emergencies. In Kenya, to qualify for such credit, an applicant must be at least 18 years of age and have earned income.

Lenders typically reserve the right to verify the borrower’s income, employment, and identity using the information they will supply on their application.

Basic Payday Loan Requirements for 18 years old

  1. Be at least 18 years old and above
  2. Be a citizen of Kenya
  3. Have an active bank account or M-Pesa account and phone number
  4. Provide some proof of income
  5. Show a valid identification.
  6. Some lenders may require you have a Facebook account.

Documents Required to Apply for a Payday Loan by an 18 year Old

  1. Proof of identity such as Kenyan national ID or passport
  2. Proof of address in Kenya and utility bill
  3. Document to prove your age
  4. Payslips, proof of income, or a letter from the employer
  5. Passport photograph

How to Apply for a Payday Loan by an 18 year Old in Kenya

  1. Visit the lender and collect the form
  2. Fill out the form and provide all necessary information
  3. Provide all required documents along with the completed application form
  4. Wait for the loan approval
  5. Once approved, get your loan

Related searches- Payday loan for people with disabilities


This page discusses can an 18 year old get a payday loan in Kenya? Payday loans are typically issued to borrowers who urgently require cash. 

Typical reasons people need cash include paying for car repairs, rent arrears, or bills. What age can someone borrow in Kenya? 18 years and above is the answer. 

In summary, an 18 year old can get a payday loan once he or she has all requirements needed by the lender.

Categories: Personal Loans