20 Best Loan Apps in Kenya

Best Loan Apps in Kenya

20 Best Loan Apps in Kenya

If you’re looking for loan apps that let you borrow cash easily, look no further. These are the best 20 loan apps in Kenya  that can help you acquire fast and easy loans.

  1. Timiza

This is a product by Absa Bank Kenya PLC. If you’re eligible for a loan, your cash will be credited to your Timiza account, after which you can transfer it to your M-Pesa wallet. The maximum amount of loan you can apply for is Ksh 150,000 and you must repay within one month.

  1. Tala

Previously known as Mkopo Rahisi, this loan app started offering financial solutions in 2014. Tala loans range between Ksh 500 and Ksh 30,000 and the repayment periods are flexible. During repayment, you can use the PayBill number, 851900, or do so through the app.

  1. Mshwari

Available to M-Pesa customers, Mshwari is a loans and savings product by Safaricom. The loan limit is highly determined by how often an applicant uses M-Pesa services, and the amount of money they’re saving.

Unlike many loan apps, Mshwari offers loans amounting to as low as Ksh 100, but this amount can increase, following late repayment.


  1. Fuliza

Provided by Safaricom, Fuliza is a service set to ensure that M-Pesa subscribers perform various transactions, regardless of whether they have enough money in their account or not. Just like all other loan apps, one’s Fuliza limit will grow as the increase their M-Pesa usage and pay loans on time.


  1. MCo-op Cash

The MCo-op cash app is a Co-operative bank product that allows the bank’s customers to access services such as checking their account balances and transferring cash to their mobile wallets. Also, they can access loans amounting to at most Ksh 200,000.


  1. PesaPap

This is a loan app by Family bank and it can be downloaded from the Google play store. Alternatively, customers can enjoy its services by dialling the USSD code, *325#. To access PesaPap loan services, one doesn’t have to hold an account with Family bank.

Other services that can be accessed through the app include, paying utility bills, checking account balances, and getting mini statements.


  1. Zenka

Launched in 2018, Zenka is a loan app product developed by Zenka Finance Limited. It’s a trusted loan app seeing that it has over 100,000 downloads on the Google play store and over 50,000 4 star reviews on the same platform. The app’s loan limit ranges from Ksh 500 to Ksh 30,000, with a repayment period of 61 or 180 days.

  1. Branch

Offered by Branch International, this is a loan service available to eligible people in Kenya, Nigeria, India, and Tanzania. In Kenya, Branch was launched in 2015, promising to offer financial assistance to as many people as possible, which it has done exemplary.

If an applicant is eligible for a Branch Loan, they’ll receive their cash instantly through Mpesa.


  1. Okash

The Okash loan app is a development of OneSpot Technology Investment LTD. The requirements for one to apply for an Okash loan include being of legal age, owning a smartphone, possessing a national ID card, being a Safaricom subscriber and having a stable income source.

The minimum amount that one can borrow is Ksh 2500 and the maximum is Ksh 50,000, but can be increased with time.

  1. KCB Mpesa

This is a mobile banking service, resulting from a collaboration between KCB bank and Safaricom’s Mpesa. It allows for saving an applying for loans, with the former being one of the determinants of the maximum amount of money that can be borrowed through the app. The minimum amount of loan is Ksh 1,000.


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  1. Zidisha

Zidisha is an international lender offering loans to Kenyans and also borrowers in other countries. The maximum amount of money that one can borrow through Zidisha is US $ 10,000 but this can only happen after continuously paying in time.

  1. Okolea

This loan app is a product of Okolea International targeting all Kenyans. Okolea loan app comes with limits of between Ksh 600 and Ksh 250,000. Interest rates vary depending on the amount borrowed and repayment periods.

  1. Jazika

Operating under Jazika ventures, this app provides financial solutions to Kenyans, with the loan limits varying from one borrower to another.

The maximum amount that a borrower can receive is Ksh 100,000 provided hey meet the eligibility criteria.


  1. Utunzi

The Utunzi loan app is a product of Utunzi ventures, which is a Kenyan lender. Through the app, eligible Kenyans can borrow any amount ranging from Ksh 500 to Ksh 100,000.


  1. Saida

Saida loan app operates under GreenShoe Capital Inc., as a loan lender. The maximum and minimum loan amounts with this app are Ksh 600 and Ksh 25,000, respectively.

For these loans, interest rates range from 7.5% to 10%.


  1. Credit Hela

With Credit Hela, eligible borrowers can get loans of between Ksh 500 to Ksh 80,000. The repayment period is 90 days and anything beyond the three months will attract unnecessary charges.


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  1. Ipesa

Ipesa offers loan services to Kenyans who are aged 18 years and above, are subscribed to Safariom, and have valid national IDs. Loan limits range from Ksh 2,000 to Ksh 10,000 and the interest rate is 15%.

  1. Apesa

When in an emergency, the Apesa loan app is one financial lender to consider, as it offers instant loans. The loan limit ranges from Ksh500 to Ksh 8,000, with a repayment period of 91 days and a daily interest rate of 0.006%.

  1. Upazi

The loan limit that comes with Upazi loans ranges from Ksh 500 to Ksh 50,000, with the interest being 12%. Note that the maximum loan limit can increase depending on a borrower’s adherence to repayment terms.

  1. Usawa

Usawa loans attract a 12% interest rate, while the loan limit is between Ksh 500 to Ksh 1,000,000. Apart from using the app, interested borrowers can use an USSD code to access loans, *483*012#.


21. Opesa

Opesa loan is one of the leading credit companies in Kenya offered by TK limited. One can access loan amounting from Ksh 500 up to Ksh 30,000 only provided that you don’t have any outstanding loans

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