When unexpected expenses arise, having quick access to cash can be a lifesaver — and that’s where ZK Pesa steps in. This mobile lending service is tailored for Kenyans who need fast, flexible financial support without the hassle of traditional processes.
Whether you’re facing an emergency, handling a business need, or simply bridging the gap to your next paycheck, ZK Pesa offers a reliable and efficient solution.
Why Choose ZK Pesa?
ZK Pesa stands out for its straightforward and user-friendly loan application system. With just your M-Pesa details, funds are deposited into your mobile wallet in just a few minutes. The platform emphasizes transparency, accessibility, and customer satisfaction, positioning it among Kenya’s trusted digital lenders.
Steps to Apply for a Loan with ZK Pesa
To get started with ZK Pesa:
- Sign up using your active Kenyan mobile number.
- Provide your basic personal information.
- Submit your application and wait for feedback.
- Once approved, your loan amount is disbursed instantly via M-Pesa.
To boost your loan limit over time, always repay your loans promptly — consistent repayments help build a stronger credit profile.
Read: 5 Loan Apps in Kenya That Offer Instant M-Pesa Disbursement
Eligibility Criteria
To be eligible for a loan through ZK Pesa, applicants must:
- Be at least 18 years old.
- Have a consistent source of income (employed or self-employed).
- Own an active mobile money account and a valid phone number.
- Possess a Kenyan national ID.
Loan Features: Limits and Repayment Terms
ZK Pesa offers loan amounts from Ksh 2,000 to Ksh 40,000, with repayment durations ranging from 91 days to a full year (365 days), including any potential extensions.
ZK Pesa interest rate is charged annually (APR) between 12% and 36%, depending on your creditworthiness. The better your repayment record, the better the terms you’ll unlock for future loans — thanks to ZK Pesa’s internal credit rating system.
Read: 5 Loan Apps in Kenya with Flexible Repayment Plans
Example Loan Calculation
Here’s a quick look at what a typical ZK Pesa loan might look like:
- Loan Amount: Ksh 5,000
- Loan Duration: 121 days
- Annual Interest Rate: 18.1%
- Estimated Interest: Ksh 300
- Total Payable Amount: Ksh 5,300