Top 20 Best Instant Mobile Loan Apps in Kenya

Are you looking for the best instant mobile loan apps in Kenya? Look no further! We’ve researched and compiled a list of the top 20 genuine, reliable, and fast loan apps available to Kenyans. It is by far the most comprehensive list you’ll find on the internet.

These loan apps allow you to access funds without collateral or a good credit score. They also offer fast and efficient loan approval processes, with funds being disbursed within 5 minutes of application. And the best part? These loans are without CRB checks, making them accessible to anyone needing emergency funds.

From established apps like Tala and Branch to up-and-coming platforms like Zenka and Haraka, there’s an option for everyone on this list. With easy repayment options and flexible loan amounts, you can customize your loan to meet your specific financial needs.

So whether you need to pay off a medical bill or cover unexpected expenses, these quick and reliable lending services can give you the financial support you need. Don’t let financial stress hold you back – check out our list of the top 20 best instant mobile loan apps in Kenya and get the help you need today!

Top 20 Best Mobile Loan Apps in Kenya

Below is a list of top 20 best mobile loan apps in Kenya, including their features, loan amounts, interest rates, and repayment terms. Whether you’re a first-time borrower or a seasoned loan app user, this comprehensive list will help you find the best loan app to suit your needs.

1. Tala Loan App
2. Branch Loan App
3. Berry Loan App
4. Zenka Loan App
5. FairKash+ App
6. Zash Loan App
7. Haraka
8. Saida
9. iPesa
10. Okolea
11. Stawika
12. Okash
13. Senti
14. PesaFlash
15. KCB M-PESA
16. Hustler Fund
17. Timiza App
18. Fuliza Mpesa
19. M-Shwari
20. MCo-opCash

#1 Tala Loan App

Tala is one of the most popular mobile loan apps in Kenya, offering instant unsecured loans to borrowers. It offers loans of up to Ksh 30,000, repayable within 30 days.

Tala Loan App is known for transparency and ethical lending practices, making it a popular choice for borrowers in Kenya. The app is available on Android and iOS platforms, and borrowers can access loans 24/7, making it a convenient option for those needing quick cash.

#2 Branch Loan App

Branch is another fast and reliable digital lender that has gained popularity among borrowers. It offers genuine and instant mobile loans in Kenya of up to Ksh 70,000, with repayment terms of up to 12 months.

The app uses alternative data to determine creditworthiness, and the loan application process is fast and easy. Its commitment to transparency and ethical lending practices sets Branch apart from other loan apps. It gives borrowers a detailed loan breakdown, including repayment schedules and interest rates, to help them make informed decisions.

#3 Zenka Loan App

Zenka Mobile Loan App is a popular mobile lender in Kenya that provides fast loan solutions without requiring collateral. The platform is known for its flexibility and unique features that give customers more control over their finances.

The App offers a simple registration and application process, and once approved, the loan is sent directly to the customer’s M-Pesa account. In just five minutes, customers can have money on their account.

Customers have the option to choose a 61-day loan payment term with an interest fee of 9-39% of the principal amount. The processing fee for loans ranges from KSh 45 – KSh 5,800, which is a one-time charge. Customers can apply for a loan amount ranging from KSh 500 to KSh 30,000.

#4 Berry Loan App

Berry is a mobile loan app in Kenya that offers low-cost loans with flexible repayment schedules. The app gives borrowers instant access to funds, which are disbursed directly to their M-pesa accounts. Berry prides itself on its user-friendly interface, making the loan application process simple and swift for borrowers needing quick cash.

#5 FairKash+ App

FairKash is a legitimate and reliable loan app from MYWAGEPAY Limited that provides loans to Kenyans via Mpesa. With the FairKash+ app, borrowers can access loans ranging from Ksh 2000 to Ksh 50,000, with repayment plans of up to 90 days. To apply for FairKash loans, borrowers must download the app from the Google Play store, register and request funds.

#6 Zash Loan App

Zash Loan is a mobile lending app in Kenya that provides instant loans to users who need to address unexpected financial difficulties. Borrowers can easily access loans of up to KSh 50,000 within 1 minute directly on their mobile phone. Zash Loan offers interest rate transparency and no hidden costs, giving borrowers confidence in their borrowing decisions.

The app offers flexible repayment terms of 7 to 90 days, allowing borrowers to choose a repayment plan that works for them. One of the unique features of Zash Loan is that no credit record is required to qualify for a loan, making it accessible to borrowers who may not have a strong credit history. Additionally, Zash Loan utilizes advanced technology and encryption to ensure borrowers’ personal information security and privacy.

#7 Mkopo Haraka Loan App

Mkopo Haraka is a lending app that prides itself on being one of Kenya’s fastest loan disbursing platforms. It has a user-friendly interface and advanced technology to offer quick, easy, and convenient loans to individuals seeking instant cash. The app provides a credit limit of up to Kshs 50,000, making it accessible to a wide range of borrowers.

Mkopo Haraka’s mission is to provide users with safe, convenient, secure cash or online loans, allowing borrowers to meet their financial needs without hassle. The app offers flexible repayment terms ranging from 91 days to 365 days, allowing borrowers to choose a repayment plan that suits their financial situation. With a loan amount of KSh 500 to KSh 50,000, Mkopo Haraka offers a reliable and accessible lending option to individuals in Kenya.

#8 Saida Loan App

Saida is an online loan app that provides fast and convenient loans without collateral requirements in Kenya. With Saida loans, you can access quick cash to cater to your financial needs, whether to grow your business, pay bills or handle emergencies. The loan application process is straightforward, and the app provides instant feedback on your loan status.

If you’re looking for a reliable and easy-to-use instant loan lending app in Kenya, Saida Loans is a great option. The app offers flexible repayment terms, competitive interest rates, and no hidden fees. Plus, the app is user-friendly and available for download on Google Play Store, making it accessible to anyone with a smartphone.

#9 iPesa Loan App

iPesa is an instant loan app in Kenya that provides quick loans to Kenyans without CRB checks. The app allows users to access loans of up to Ksh 50,000 with a repayment period of 91 to 180 days. The interest rates for iPesa loans range from a minimum of 36% to a maximum of 72%, and the app charges zero service fees for the loans.

To apply for an iPesa loan, one needs to be at least 18 years of age and have an active M-Pesa account. The loan request process is quick and straightforward, and the app provides instant feedback on loan approvals or rejections. With iPesa, Kenyans can easily access funds to cater to their personal or business needs.

#10 Okolea Mobile Loan App

Okolea is a mobile loan app in Kenya that provides unsecured loans to Kenyan citizens with no hidden fees or charges. The app offers fast loan disbursement and flexible repayment options, allowing borrowers to repay their loans in as little as one day or up to six months.

The Okolea loan app calculates interest daily, making it easier for borrowers to manage their repayment schedules. The app also offers incentives for timely repayment, with borrowers earning loyalty points that can be redeemed for lower interest rates or larger loan amounts in the future.

To apply for an Okolea loan, simply download the app from Google Play Store, register with your mobile number, and request a loan. The app does not require any collateral or credit history, making it accessible to many borrowers in Kenya.

#11 Stawika Loan App

Stawika is a loan app that offers fast and instant loans to individuals in Kenya through an Android mobile application. Stawika automatically assigns loans within 5 minutes or less by analyzing mobile phone data and other factors.
With Stawika, borrowers can quickly get a loan directly to their M-Pesa account by downloading the app for free on Google Play Store. The app offers a simple borrowing process with no paperwork or complications. By paying on time, borrowers can also grow their loan limit for future loans.

#12 Okash Mobile Loan App

Okash is a mobile loan app that offers instant unsecured loans to borrowers. The app offers loans of up to Ksh.50,000 and uses a proprietary algorithm to determine creditworthiness. Okash offers flexible repayment terms of up to 14 days and competitive interest rates.

#13 Senti Loan App

Like other quick loan apps in Kenya, Senti provides an effortless way for Kenyans to obtain fast loans anytime and from anywhere. Its registration process is straightforward and transparent, with no undisclosed fees except one-time charges ranging from 10-15%.

Whether you require financial assistance to settle bills or to deal with unforeseen expenses, Senti can be relied upon to alleviate your financial concerns. The loan repayment period disbursed through the app is limited to 120 days.

#14 FlashPesa Mobile Loan App

FlashPesa is a reputable and rapidly expanding loan application in Kenya that operates with accountability. You can obtain loans of up to Ksh 50,000 on your mobile phone anytime and anywhere.

The FlashPesa application is secure and dependable, providing loan amounts from Ksh 2000 to Ksh 50,000. Its loan repayment terms range from 91 days to 365 days.

#15 KCB M-PESA

KCB M-PESA is a mobile loan app Safaricom PLC offers in partnership with KCB Bank. The app offers loans of up to Ksh 1,000,000 to M-PESA users and uses M-PESA transaction history to determine creditworthiness. KCB M-PESA offers flexible repayment terms of up to 12 months and competitive interest rates.

#16 Hustler Fund

Hustler Fund is a mobile loan app that offers loans of up to Ksh 50,000 to entrepreneurs and small business owners. The app uses alternative data to determine creditworthiness and offers flexible repayment terms. Hustler Fund also offers business development resources to help borrowers grow their ventures.

#17 Timiza App

Timiza is a mobile loan app by ABSA (formerly Barclays Bank of Kenya). The app offers loans of up to Ksh 150,000 and uses transaction history to determine creditworthiness. Timiza offers flexible repayment terms of up to 12 months and competitive interest rates.

#18 Fuliza Mpesa

Have you heard about Fuliza? M-Pesa offers a service that lets you go into overdraft when you don’t have enough funds to complete a transaction. Pretty cool, right? You can borrow up to Ksh 70,000 from Fuliza.

To activate this service, all you have to do is dial *234# and select Fuliza M-Pesa. But first, you need to be registered on M-PESA with an active Safaricom M-PESA line and opt into the Fuliza service.

Remember that you’ll be charged a 1% interest rate and a maintenance fee on the outstanding balance.

#19 M-Shwari

M-Shwari is a service that enables M-PESA customers to access instant loans from Ksh 1,000 up to Ksh 1 million. The loan is credited into the user’s Mpesa mobile wallet within minutes, attracting competitive interest rates (9%).

In addition to loans, Mshwari allows users to save as little as Ksh 1 and earn interest of up to 6.3% per annum. It also has a lock savings service for those who intend to save for a fixed period.

#20 Opesa Loan App

Opesa is a popular mobile loan app in Kenya that offers instant unsecured loans to borrowers. The app offers loans of up to Ksh 30,000 with flexible repayment terms.

In addition, Opesa provides financial education to help borrowers improve their creditworthiness. The app is user-friendly, and the loan application process is fast and easy, with funds disbursed directly to the borrower’s mobile wallet.

Who are The 22 Licensed Digital Lenders in Kenya?

If you need a quick loan in Kenya, you may want to consider using a digital lending platform. However, with so many lenders available, knowing which ones are legitimate and trustworthy can be difficult. To help you out, below is a list of the 22 licensed digital lenders in Kenya. They are all approved by the Central Bank of Kenya (CBK).

1. Ceres Tech Limited
2. Flash Credit Africa
3. Getcash Capital Limited
4. Inventure Mobile Limited – Tala
5. Jijenge Credit Limited
6. Jumo Kenya Limited
7. Kweli Smart Solutions Limited
8. Letshego Kenya Ltd
9. M-Kopa Loan Kenya Limited
10. MFS Technologies Limited
11. Mwanzo Credit Limited
12. Mycredit Limited
13. MyWagepay Limited
14. Natal Tech Company Limited
15. Ngao Credit Limited
16. Pezesha Africa Limited
17. Rewot Ciro Limited
18. Sevi Innovation Limited
19. Sokohela Limited
20. Tenakata Enterprises Limited
21. Umoja Fanisi Limited
22. Zanifu Limited

FAQs: Instant Mobile Loans in Kenya

Are you considering getting a loan from one of Kenya’s top instant mobile loan apps? With so many options to choose from, it can be overwhelming to decide which loan app is best for you. That’s why we’ve compiled a list of the best loan apps in Kenya, and some frequently asked questions to help guide you in making the right decision. Let’s look at some of your questions about instant mobile loans in Kenya.

Which are the best digital mobile loan apps in Kenya?

Kenya’s best digital loan app depends on your needs and preferences. Some popular options include Tala, Branch, Zenka, Okash, and M-Shwari.

Which is the best app to borrow money from in Kenya?

Like the previous question, the best loan app in Kenya depends on what you seek. Some options include Tala, Branch, Zenka, Okash, and Haraka.

Who are the 22 licensed mobile loan apps in Kenya?

Some of Kenya’s 22 licensed digital lenders are Tala, Pezesha, Okash, Branch, Zenka, Okolea, and Stawika.

Which app can I borrow money from in Kenya?

You can borrow money from various digital loan apps in Kenya, including Tala, Branch, Zenka, Okash, etc.

Who are the top 10 digital lenders in Kenya?

Based on popularity and customer reviews, the top 10 digital lenders in Kenya include Tala, Branch, Zenka, Okash, Haraka, Timiza, M-Shwari, Stawika, Fuliza, and iPesa.

Which app is the fastest instant loan in Kenya?

Many digital loan apps in Kenya offer fast loan disbursement, some even within minutes. Popular options known for their fast loan processing include Tala, Branch, and Okash.

What app lets you borrow 1000?

Depending on your eligibility and credit score, you can borrow Kshs 1000 or more from various digital loan apps in Kenya, including Tala, Branch, Zenka, Okash, and Haraka.

Where to get quick loans in Kenya?

You can get quick loans in Kenya from various digital loan apps, including Tala, Branch, Zenka, Okash, and Haraka, as well as traditional banks and microfinance institutions.

How can I get an instant loan from mpesa?

To get an instant loan from M-Pesa, you need to have an active account and meet the eligibility criteria for the loan product you want to apply for. You can access the loan by dialing the relevant USSD code or using the M-Pesa app.

How to make 3000 in a day in Kenya?

There are various ways to make money in Kenya, including online work, freelancing, starting a small business, and providing services such as transport or delivery. However, making Kshs 3000 in a day may require significant effort and planning.

How can I get a loan in 5 minutes?

Some digital loan apps in Kenya offer fast loan disbursement, some even within minutes. However, getting a loan in 5 minutes may not be guaranteed, as it depends on various factors such as the loan amount and your credit score.

How to get easy cash loans in Kenya?

To get easy cash loans in Kenya, consider applying for digital loans from popular loan apps such as Tala, Branch, and Zenka or visiting a microfinance institution near you.

Where to get a huge loan in Kenya?

Getting a huge loan in Kenya may require collateral and meeting strict eligibility criteria. You can explore options such as traditional banks, microfinance institutions, and peer-to-peer lending platforms.

Where can I get a loan online in Kenya?

There are many online loan providers in Kenya, including mobile loan apps such as Tala, Branch, Zenka, Okash, and many more. Online loan marketplaces such as Pezesha and Jijenge Credit allow borrowers to access loans from multiple lenders on a single platform.

Who are the approved Instant Loans lenders in Kenya?

Kenya has 22 approved digital lenders, including Tala, Branch, Zenka, Okash, and many more. These lenders are licensed by the Central Bank of Kenya and comply with the regulations governing digital lending in Kenya.

Who owns Zenka?

Zenka is owned by Zenka Finance Limited, a fintech company registered in Kenya.

Is Zenka approved by CBK?

Yes, Zenka is one of the approved digital lenders in Kenya and is licensed by the Central Bank of Kenya.

What happens if you don’t pay Zenka?

If you don’t pay your Zenka loan on time, you may incur additional fees and penalties, and your credit score may be negatively affected. Zenka may also report your loan default to the Credit Reference Bureau (CRB) and take legal action to recover the debt.

Does Zenka still exist?

Yes, Zenka is still operational and providing loans to Kenyan borrowers.

What are Faraja loans?

Faraja Loans is a mobile lending app that provides quick and easy loans to Kenyan borrowers. The app uses machine learning algorithms to assess borrowers’ creditworthiness and provide loans within minutes.

What are the qualifications for a Zenka loan?

The qualifications for a Zenka loan may vary depending on the loan amount and repayment term. Generally, borrowers must be Kenyan citizens or residents, have a valid national ID or passport, be at least 18 years old, have a mobile phone and active M-PESA account, and meet other creditworthiness requirements.

Does Zenka have CRB?

Yes, Zenka is a Credit Reference Bureau (CRB) member and reports loan information to the bureau. If you default on a Zenka loan, it may be listed on your credit report and affect your ability to borrow from other lenders.

In Summary

So, there you have it, my friend! A comprehensive list of top 20 best instant mobile loan apps in Kenya. These apps offer quick and easy access to cash loans without the need for collateral or extensive paperwork. They are convenient, user-friendly, and have flexible repayment plans that suit your financial needs.

From the popular Tala and Branch loan apps to the newer and upcoming ones like Berry and Haraka, you have various options. Whether you need a small loan for a few days or a larger loan for several months, these apps have covered you.

Just make sure to do your due diligence before applying for any loans, and read the terms and conditions carefully to avoid any surprises down the line. With these apps, you can now get quick access to the funds you need to address your financial needs, so go ahead and try them!