Would you be in urgent need and searching for the best loan apps that provide loans immediately in Kenya?
This comprehensive blog explores the best loan apps in Kenya, aiming to address the question, “Which are the most reliable loan apps in Kenya?”
Best Loan Apps in KenyaTala
The Tala loan app helps people in Kenya get their money fast by letting them borrow up to 50,000 Kenyan shillings.
Tala promises clear and fair interest rates, beginning at just 0.3% daily, with no hidden costs for users.
The app is famous for providing quick help to customers, solving most financial strains in under five hours.
It obeys the rules of Kenya’s Central Bank to keep users’ information safe and those of the ODPC regarding users’ data.
Tala Loan App Contacts
Text: 21991
Email: hellokenya@talamobile.com
Website: https://tala.co.ke/
M-shwari
M-Shwari, from Safaricom’s M-PESA in Kenya, offers a special method for saving money and getting loans.
People can save in small amounts, starting with Kshs. 1, to qualify for loans ranging from Kshs. 100 to Kshs. 50,000 at an interest rate of 6.3% each year.
One should pay back in a month using an M-PESA or from an M-Shwari account.
To get these loans, use M-PESA for at least 6 months, save money on M-Shwari, and use other Safaricom services.
M-shwari Contacts
0722000000
www.safaricom.co.ke
Timiza Loans
Timiza Loan App is a mobile banking service from Absa Bank Kenya Ltd.
It makes it easy to get quick loans, send money, pay bills, buy insurance using its app or call *848#.
Customers, even without an Absa account, get easy mobile loans at a low interest rate of 5%.
People can save more money through the Timiza Goal Savings Account with a good interest rate of 9% a year, pay bills, buy goods and services, top up mobile credit, and get insurance for accidents and extra costs in life.
Timiza encourages users to pay back early, spend well, and always stay loyal to enjoy the maximum limits.
Timiza Loan App Contacts
Mobile number: 0709213000 / 020 426 5000
Ipesa
The iPesa loan app in Kenya lets people easily get loans, allowing them to borrow amounts between Ksh. 500 to Ksh. 50,000 without incurring service fees.
The loan has a repayment duration of 91 to 180 days, with interest rates ranging from 36% to 72%.
One must download the app, sign up with an M-Pesa number, and apply for an instant loan.
On-time payments help increase the loan limit slowly, possibly increasing to Ksh. 50,000 for responsible borrowers.
Ipesa Loan App Contacts
+254111404549
Zenka
Zenka’s instant loan app in Kenya gives loans from KSh 500 to KSh 50,000 deposited to their M-Pesa accounts.
The first loan has no interest, as one pays back the amount borrowed in around 61 days. However, there are processing fees of between KSh 45 and KSh 5,800.
Subsequent loans for 61 days can attract an interest rate of 9% to 39%. Being careful with loan repayments allows people to borrow more money, up to KSh 50,000.
ZenkaFlexi also allows them to take longer to pay it back, even up to 12 months, though the real APR can go as high as 180%, using a pricing plan based on risk.
Zenka Loan App Contacts
Phone: +254 (0) 207650878
E-mail: support@zenka.co.ke
Okash
Okash, a loan app that offers loans immediately in Kenya, is run by TenSpot Kenya Limited and owned by Opera Group.
The loan app makes it easy to get personal and business loans up to Ksh. 60,000 using its app on the Google Play Store. The yearly interest rate is 14%.
The app employs a straightforward process: people get quick loans by downloading and signing up.
READ ALSO: How to Download Okash Loan App
Personal information helps you decide how much to borrow and how long to repay.
Okash has become popular with over one million downloads and a 4.4 out of 5-star rating.
They have a user-friendly page and fast help for people who need money.
Branch
The branch loan app offers flexible loans between Ksh 500 and Ksh 300,000, with repayment periods of one to 12 weeks and rates ranging between 17% and 35%.
The instant loan app strives to keep customer information safe by ensuring their data is encrypted and not shared with anyone.
The app also makes it easy to pay bills, move money around, and sometimes earn up to 15% interest on investments without papers.
Branch Loan App Contacts
+254 730731222
SMS – 24788
Stawika
The Stawika loan app provides simple loan options, providing amounts starting at least 1000 Kenya Shillings and 100,000 Kenya Shillings, depending on personal credit history.
Loans are processed to one’s mobile money account at an interest rate of 21% on the money borrowed, with a repayment period of 12 months.
If the loans are not paid on time, they can be renewed with a daily fee added.
Stawika Loan App Contacts
Support Email:
support@stawika.co.ke
Email:
info@stawika.co.ke
Contact Lines:
020 760 6556
020 760 6564
Lendplus
The Lendplus loan app gives fast loans from 500 KES to 40,000 KES with a repayment period of 61 days, though one may extend the deadline if they need more time with a daily interest rate of 2.2%.
The app serves borrowers aged 23 to 62 with a good job or regular income, and the whole process takes only 5–15 minutes with just a national ID and a mobile phone.
LendPlus Loan App Contacts
Phone: 0709-029-000.
Emails: customer@lendplus.ke.
KeCredit
KeCredit lets you quickly apply for a loan in Kenya. It offers loans from 2,000 to 50,000 KES and easy repayment options of 91 to 365 days.
People getting a loan for the first time get no interest, but subsequent loans attract an interest rate of between 16% and 30% plus service charges of 3% to 8% of the money borrowed.
The app is easy to use. and give the money to the person’s bank account in 30 minutes.
Also, if one pays back loans on time and has a good record of doing so, the app will give them more loan limits.
KeCredit Loan App Contacts
Phone: +254 719286376
Email: support@kecredit.live
