I&M Bank’s 30-Day Loan in Kenya is designed for quick access to extra cash without hassle. This unsecured loan offers instant approval and does not require collateral. The flexible borrowing limit ranges from KES 1,000 to KES 300,000.

Interest rates are competitive, with a facility fee of 7.5%–12.5% for the 30-day loan period. If you repay your loan within 10 days, part of the fee is refunded – a unique cashback advantage.

How to Apply for the I&M 30-Day Loan

• Log in to the I&M OTG Mobile App or Web platform using existing credentials
• Opt in to the Short-Term Loan service and accept the terms
• Review your available loan limit
• Select the amount you wish to borrow (KES 1,000 – KES 300,000)
• Submit your application and receive instant disbursement

Key Pros of the 30-Day Loan
Borrowers benefit from a simple, fully digital application that requires no paperwork. Approval and fund access happen immediately online, ensuring rapid support for pressing needs.

Additionally, regular early repayment is rewarded with a partial refund, helping you lower borrowing costs over time. The absence of collateral is a major plus for those seeking quick, flexible solutions.

Key Cons to Consider
You can only have one short-term loan at a time, which limits simultaneous access to multiple credits. Also, late payments lead to penalties that increase your repayment cost, so timely repayment is essential.

The loan amount is determined by your banking and repayment history, so new customers or those with minimal transactions may start with lower limits.

Our Verdict
The I&M 30-Day Loan stands out for fast processing, no need for collateral, and incentives for early repayment. It’s ideal for Kenyans facing short-term gaps who value speed and minimal paperwork.