Best 10 instant Mobile loan apps in Kenya – 2024
Are you looking for a quick mobile loan to pay your bills instantly in Kenya? Look no further, we have got you 10 options of the best loan mobile apps in Kenya that offer quick credit and allow you to pay later. You should note however that there are several loan apps operating in Kenya, offering quick and convenient access to loans through mobile phones. But we have selected a few of those we fill are far and beyond. So, take a look at our list below:
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Best online mobile loan Apps in Kenya
Here are the trusted and legal mobile loan apps anyone should be using in Kenya to borrow money to pay bills instantly:
1. M-Pesa Fuliza
M-Pesa Fuliza is a service offered by Safaricom that allows M-Pesa users to access overdraft facilities directly through their mobile phones. Users can borrow money to complete transactions even if they don’t have enough funds in their M-Pesa account, with repayment made when they deposit money into their M-Pesa account. M-Pesa Fuliza is of course, one of the trusted loan apps in Kenya.
2. Tala – Get Cash up to KSh 50000
Tala app provides instant loans to individuals in Kenya based on their creditworthiness assessed through their mobile phone data. Users can apply for loans through the app, and once approved, the funds are disbursed directly to their M-Pesa account. Tala evaluates borrowers’ creditworthiness using various data points, including mobile phone usage patterns and financial behavior. You can download the Tal mobile loan app in Kenya from Google play store now
3. Branch – Digital Bank & Loan app
Branch loan app offers loans ranging from small amounts to larger sums, with repayment schedules tailored to individual borrowers. Users can apply for loans through the Branch app, and once approved, the funds are disbursed directly to their M-Pesa account. Branch uses machine learning algorithms to assess borrowers’ creditworthiness and determine loan eligibility. You can download the branch app from Google Play store for free.
4. KCB M-Pesa
KCB M-Pesa is a service provided by Kenya Commercial Bank (KCB) in partnership with Safaricom. It offers loans directly to M-Pesa users based on their transaction history and M-Pesa usage patterns. Users can apply for loans through the M-Pesa menu on their mobile phones, and once approved, the funds are disbursed to their M-Pesa account.
5. Timiza loan app by Barclays
Timiza is a mobile banking app provided by Barclays Bank of Kenya. It offers various financial services, including loans, to both Barclays and non-Barclays customers. Users can apply for loans through the Timiza app, and once approved, the funds are disbursed to their Timiza wallet. In case you want the Timiza mobile loan app, download it on Google play store.
6. Okash – Safe and reliable loan
Okash provides short-term instant loans to individuals in Kenya, with the loan amounts increasing based on the borrower’s repayment behavior. Users can apply for loans through the Okash app which is free for downloading on Google play store, and once approved, the funds are disbursed to their M-Pesa account. Okash uses machine learning algorithms to assess borrowers’ creditworthiness and determine loan eligibility.
7. Zenka Loan App Kenya
Zenka offers instant loans to individuals through their mobile phones, with flexible repayment options. Users can apply for loans through the Zenka app, and once approved, the funds are disbursed directly to their M-Pesa account. Zenka evaluates borrowers’ creditworthiness using various data points, including mobile phone usage patterns and financial behavior. Get the Zenka mobile loan app in Kenya from Google play store to enjoy borrowing money online.
8. Stawi – Quick mobile loan app
Stawi is a loan product offered by the Kenyan government in partnership with various banks. It provides affordable credit to small and medium-sized enterprises (SMEs) to support their business growth. Stawi loans are disbursed through participating banks, and borrowers can apply for loans through their respective bank’s channels. You can also access the Stawi quick mobile loans online by downloading the app from Google Play store.
9. Saida – Instant affordable loans
Saida provides instant loans to individuals based on their mobile phone data and financial behavior. Users can apply for loans through the Saida app, and once approved, the funds are disbursed directly to their M-Pesa account. Saida offers personalized loan amounts and repayment schedules tailored to individual borrowers.
10. PesaZone – Quick credit app
PesaZone offers loans to individuals based on their creditworthiness assessed through their mobile phone data. Users can apply for loans through the PesaZone app, and once approved, the funds are disbursed directly to their M-Pesa account. PesaZone uses machine learning algorithms to evaluate borrowers’ creditworthiness and determine loan eligibility.
Editorial Remarks
Those are some of the best instant and easy online mobile loan apps in Kenya you may want to consider while borrowing money online. These apps have low interest rates affordable and accessible by anyone in Kenya. Feel free to visit the links provided on this page for more information.
Frequently Asked Questions
Here are the loan apps you can trust for immediate affordable loan interest rates in Kenya through your mobile phone:
1. M-Pesa Fuliza
2. Tala – Get Cash up to KSh 50000
3. Branch – Digital Bank & Loan app
4. KCB M-Pesa
5. Timiza loan app by Barclays
If you want to borrow money urgently in Kenya, bank loans shouldn’t be part of your options since their credit process will take loan. The best option for urgent money borrowing online in Kenya are loan apps such as Okash, Zenka loan app, Stawi, KCB, and many more
There are many online money lenders in Kenya that can offer urgent 20,000KSH instantly without any document such as Amref Sacco, M-Pesa Fuliza, Tala, Branch, KCB M-Pesa, Timiza loans, and many more.
If you are in Kenya, you may want to consider these loans apps to give instant credit top-up without any security and documents needed:
1. M-Pesa Fuliza
2. Tala – Get Cash up to KSh 50000
3. Branch – Digital Bank & Loan app
4. KCB M-Pesa
5. Timiza loan app by Barclays
If you want to get an instant loan from Safaricom, here is how you can do it:
1. Go to the M-PESA menu.
2. Now select Loans and Savings.
3. Proceed to select M-Shwari.
4. Select Loan.
5. Request Loan
6. Enter amount you want to borrow
7. Then enter your M-PESA PIN to complete. Your loan amount will be sent to your M-PESA Account.
In order to qualify for KCB Mpesa loans in Kenya, you must be 18 years or above. Dditionally, you must have a registered and active M-PESA account for at least six (6) months and an active KCB M-PESA Account holder.
