The 10 Best Loan Apps in Kenya

Mobile loan apps have transformed how Kenyans obtain credit. The advent of these digital lending platforms has made securing quick cash for emergencies or financing your ambitions more convenient and efficient than ever.

By 2024, a wide range of loan apps is available to meet diverse financial needs, from small cash infusions to larger amounts for achieving your goals. These mobile loan apps have filled the gap for Kenyans who lack access to traditional banking services or find it challenging to meet the stringent requirements of mainstream financial institutions.

Here are the 10 best loan apps in Kenya, known for providing some of the lowest interest rates available.

1. Tala Loan App (0.3% per day)

Tala is a popular choice for those needing immediate financial aid. The loan app’s user-friendly download process allows users to secure loans up to KSh 50,000 quickly. Its convenient online application form enhances the ease of borrowing.

2. Branch Loan App (2%-18% monthly)

Branch offers loans up to KSh 300,000, suitable for various financial needs. The branch app download process is simple and straightforward, ensuring that users can get the funds they need without delay.

3. Timiza Loan App (7.25% monthly)

Timiza provides loans up to KSh 250,000 via the timiza ussd code *848#. The straightforward registration process allows users to start borrowing with minimal hassle.

4. Zenka Loan App (9%-39%)

Zenka offers loans up to KSh 50,000, making it a dependable option for urgent financial needs. The loan app is easily downloadable, facilitating convenient loan applications from smartphones.

5. Okash Loan App (5%-18%)

Okash provides rapid approval and a paperless application process. By downloading the Okash app, users can easily access loans ranging from KSh 2,500 to KSh 50,000.

6. IPESA Loan App (18%-36%)

IPESA enables users to access loans up to KSh 50,000. With the ipesa loan app download apk available, users can apply for loans directly to their M-Pesa accounts.

7. M-Shwari (3%-6% annually)

M-Shwari offers flexibility in saving and borrowing money via mobile phones. Users can increase their loan limits by actively using Safaricom services such as voice, data, and M-PESA.

8. Eazzy Loan (25.5% annually)

Eazzy Loan provides instant access to loans up to KSh 3,000,000 without requiring guarantors or forms, ensuring a seamless borrowing experience.

9. AsapKash (0.05%-13.82% yearly)

AsapKash allows users to borrow up to KSh 50,000 with low interest rates and a streamlined application process. Loans can be applied for online 24/7, making it a convenient option for quick financial assistance.

10. LendPlus (2.2% daily)

LendPlus offers flexible loans ranging from KSh 500 to KSh 40,000. The loan app can be downloaded for easy loan applications directly from smartphones.

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