Best loan apps in kenya 2024

 

1. KCB M-PESA:

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   • Requires an active KCB account and M-PESA registration.
   • Offers loan limits up to Ksh 1 million based on your creditworthiness.
   • Interest rates range from 11.75% to 18.5% per year.
   • Repayment periods vary from 1 to 36 months.

2. Tala:

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   • Open to anyone with a Kenyan ID and mobile phone number.
   • Offers loans from Ksh 500 to Ksh 15,000.
   • Interest rates and fees vary depending on loan amount and repayment terms.
   • Repayment periods range from 7 to 30 days.

3. Branch:

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   • Requires registration and a Facebook account.
   • Offers loans from Ksh 2,500 to Ksh 70,000.
   • Interest rates vary depending on loan amount and repayment terms.
   • Repayment periods range from 6 to 12 months.

4. Zenka:

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   • Requires registration and a valid ID.
   • Offers loans from Ksh 2,500 to Ksh 30,000.
   • Interest rates and fees vary depending on loan amount and repayment terms.
   • Repayment periods range from 30 to 90 days.

5. Haraka:

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   • Requires an active Airtel Money account.
   • Offers loans from Ksh 500 to Ksh 20,000.
   • Interest rates and fees vary depending on loan amount and repayment terms.
   • Repayment periods range from 7 to 30 days.

6. Timiza (Absa):

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   • Requires an active Absa account or being an M-PESA user.
   • Offers loans from Ksh 1,000 to Ksh 150,000.
   • Interest rates and fees vary depending on loan amount and repayment terms.
   • Repayment periods range from 1 to 36 months.

7. M-Shwari:

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   • Requires an active Safaricom line and M-PESA registration.
   • Offers overdrafts and small loans with varying limits and repayment terms.
   • Interest rates and fees apply.

8. Senti:

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   • Requires registration and a valid ID.
   • Offers loans from Ksh 500 to Ksh 40,000.
   • Interest rates and fees vary depending on loan amount and repayment terms.
   • Repayment periods range from 7 to 30 days.

9. Okash (Safaricom):

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   • Requires an active Safaricom line and M-PESA registration.
   • Offers loans from Ksh 100 to Ksh 600.
   • Interest rates and fees vary depending on loan amount and repayment terms.
   • Repayment periods are typically short, around 7 days.

10. Zash Loan:

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    • Open to Kenyan residents aged 18-60 with a source of income.
    • Offers loans from Ksh 500 to Ksh 50,000.
    • Interest rates and fees vary depending on loan amount and repayment terms.
    • Repayment periods range from 91 days to 365 days.