loan apps kenya

Loan apps in Kenya: List of best mobile lending apps in Kenya 2021

loan apps kenya

Best mobile loan apps in Kenya to apply and qualify for quick mpesa loans on your phone. These easily downloadable loan apps are available for android and iphone.




Of late, loan apps in Kenya have become very popular. What is the reason for this?

Well, it’s is because they give Kenyans the opportunity to work through unforeseen emergencies by lending instant unsecured loans. The good thing is that they do this quickly and conveniently directly to your phone using Safaricom’s m-pesa service.

Such unforeseen emergencies are like buying electricity tokens when they finish, replacing your gas when it runs out and even medical emergencies.

The money gotten from these loans has also been used by Kenyans to pay for school fees and not only that, but they’ve also supplemented for transport costs and needs that have come about without notice.

With over 20 million downloads combined, here is a quick glance at some of the most popular loan apps in Kenya.

 

LOAN APP DOWNLOADS ON GOOGLE PLAY STORE RATING ON GOOGLE PLAY STORE
1 Branch loan app 10 Million + 4.5 / 5.0
2 Tala loan app 5 Million + 4.6 / 5.0
3 Timiza loan app 1 Million + 3.9 / 5.0
4 Okash loan app 1 Million + 4.2 / 5.0
5 opesa app 1 Million + 4.2 / 5.0
6 Zenka loan app 1 Million + 4.4 / 5.0
7 iPesa loan app 1 Million + 4.2 / 5.0
8 Saida loan app 500,000 + 3.8 / 5.0
9 okolea loan app 500,000 + 3.6 / 5.0
10 Stawika loan app 500,000 + 4.2/5.0
11 Usawa app 500,000 + 4.7/5.0
12 Fadhili 500,000 + 4.6/5.0
13 Zash loan 500,000 + 4.2/5.0
14 ubapesa loan app 100,000 + 3.5/5.0
15 Berry loan app 100,000 + 4.3/5.0
16 mkey 100,000 + 3.7/5.0
17 Umba app 100,000 + 4.1/5.0
18 Upazi loans 100,000 + 3.4/5.0
19 Afrikaloan Kenya 100,000 + 3.9/5.0
20 Loanbee 100,000 + 4.0/5.0
21 FlashPesa 100,000 + 4.1/5.0
22 Stawi 100,000 + 3.6/5.0
23 Craft

 

In addition to that, we know emergencies aren’t only household, medical or transport related but can also be for entertainment. So if you need to go on a date, movie or clubbing but don’t have enough money, then a quick loan from either Tala, branch or Timiza can quickly sort you out.

Businesses also benefit from these mobile loan apps especially when they are hard strapped for cash. A quick loan will help your business when you need to stock up and you don’t have enough money. Not only that, maybe you need to pay salary, a quick unsecured loan from one of these apps will sort you out. A business owner can get a loan from either stawi, opesa or Zenka app.

What we are saying is that the options are many when it comes to lending apps in the Kenyan market. That is why saidia created this list of top 20 instant mpesa mobile loan apps in Kenya. We have a list of these apps which you can find below.

The complete list of top instant mobile mpesa loan apps in Kenya.

Here are the best instant mobile loan apps to apply for fast, easy, quick cash loans. The money you qualify for is sent directly to your safaricom mpesa account.




1. Branch Loan app:

Branch is by far the most popular loan app in Kenya for applying and qualifying for an instant loan or as we say it locally, ‘kupata mkopo’. The app is developed by branch co which has a presence in many African countries like Kenya, Tanzania and Nigeria. Branch offers small loans from minimum of 250 Kenya shillings up to a maximum of 70,000 which is sent directly to your mobile phone through mpesa. Not only that, it offers the money qualified for at very friendly interest rates. Monthly Interest rates for a branch loan ranges from 2% – 16%.

branch loan app

Features of Branch:

  • The app is quick and easy to download.
  • Loans are quickly sent to your phone almost instantly once you qualify.
  • Branch doesn’t have a late rollover fee
  • You do not need security to get a lone
  • No need to fill a loan application form when applying for a loan.

When it comes to repaying your branch loan, you can easily do so using their paybill number or directly from the app. You can get the apk or full download from google playstore and we have a full guide for you below.

How to Download branch loan app

2. Tala Loan app

Tala is another mobile app that is available on the google play store to apply for quick and instant mobile loans in Kenya. The reason behind this is thanks to its ease of use, amazing customer care and how frequently they update the app. Tala is a mobile app for android, developed by tala mobile, that works by using mobile data to create financial identity. Once that is done automatically, it shows how much money you qualify for.

All you need to do next is press ‘apply for loan’ and within minutes, it sends this money directly to you via mpesa. It is a very good alternative to bank loans because you don’t need to fill an application form. This means it doesn’t rely on traditional methods of credit scoring like the CRB allowing them to offer loans to the unbanked communities. To apply for a loan with tala, check out this step by step guide.

tala loan app

Features of Tala loan app

  • Tala doesn’t require you to have a bank account.
  • Sending the loan takes a very short time, it takes less than five minutes.
  • The user interface is easy and quick to use making it deliver a good user experience.
  • Questions **[Link: Apply for tala loan questions] asked during qualification process aren’t too complex
  • You are not required to fill in a loan application form when applying for a loan.
  • Downloading and installing the app is quick and easy.
  • Tala loan app quickly shows you how much money you qualify for and allows you to select how many days you want to repay the loan.

With this app you can easily repay your loan using the paybill number or directly inside the app. To add onto this, it has the second most app downloads in Kenya on the google play store and this could be because of how easily and quickly you can install and use it on your android phone. If you are looking for the apk download, it is also available to download from uptodown website. How do you get the Tala loan app on your phone? It is easy, download the Tala loan app for free from google play store using the link below.

How to download Tala loan app.

3. Timiza loan app:

Timiza is another app that offers mobile loans in Kenya. The app is provided by Barclays bank and hence the quick money loans you get are Barclays loans. Even though it is a loan app offered by a bank, you do not need to fill in a registration form to qualify for it. It has features that make it different from a lot of the other popular apps like tala kenya. For example, once you qualify for a small loan, the money is not sent directly to your mpesa account. Instead it is deposited into the Timiza account on the app where you then get to withdraw it to your mpesa account.




Features of Timiza:

  • Registering for an account is quick and easy.
  • Once you qualify for a loan, the money is sent to you very fast, within 5 minutes.
  • You get an account with Timiza where you can deposit, withdraw and even save money.
  • You do not need security when applying for a mobile loan on Timiza.

Being one of the new loan apps to hit the Kenyan market, Timiza has really taken the online mobile market by storm. Once you register with Timiza, you get a Timiza Barclays account. Having over one million downloads after just over a year is a big achievement. So how can you get the Timiza app on your mobile phone? Check out the link below to be able to download Timiza on your phone to get money for your business or personal use.

How to download Timiza app

4. Okash loan app:

This app allows you to get instant same day loans sent directly to your mobile phone. The okash app achieves this by having the loan application send the money using mpesa, a money sending platform that is offered by safaricom. This is definitely one of the most popular loan apps in Kenya.

okash loan app

Features of okash loan app

  • okash app is easy to install and configure on your phone
  • You can qualify for a loan of between KES 2,500 – KES 50,000
  • No need to fill an application form when applying for a loan.
  • Personal loans are dispersed very quickly to your phone through mpesa.
  • The interest rates you pay maximum is 24% per year
  • When applying for a loan on okash app you do not need security

The okash app is developed and maintained by oneSpot technology investment limited. How do you get the okash loan app on your mobile phone thus being able to qualify for a loan of between ksh 2,500 and ksh 50,000? You can get it on the google playstore or the other alternative is downloading the apk from apk monk. Click the link below to get the okash app.

Download okash app

5. Opesa app:

A new loan app in the market, opesa is developed by TK limited and offers fast cash loans to m-pesa. It offers unsecured mobile loans from 2,500 ksh up to 6,000 ksh that can be immediately transferred to the mpesa account of the user. Once you have qualified for a loan, repayment is easy because like other loan apps in Kenya, there is paybill number available to easily payback mobile loans.

opesa loan app

Features of Opesa:

  • Quick and easy to download and install onto your android mobile phone
  • No paper work or office visits are needed when applying for a loan, this done instantly online.
  • You do not need security or collateral for you to qualify for a loan.
  • Money is sent directly to your m-pesa account

The Opesa app has an interest rate of a maximum of 12% however in addition to this; there is a service fee that is charged. In order to access the cash loan, you will need to install the app. Once you have done that, you then fill in some questions asked and send in the application.




How do you get a loan using opesa? First you will need to download the app from the google play store. Apart from this, you can also get the opesa loan apk. Both of these options you can get them by clicking the link below.

Download opesa app.

6. Zenka loan app:

If you want to apply and qualify for instant, quick cash loans online in Kenya, then look no further! Zenka is the app for you. This mobile application offers access to instant personal loans whether it’s for an emergency or to get money quickly to help in paying for bills.

They consider themselves the most flexible loan platform on the market assisting users get easy loans without documents. In addition, the app being a new one in the instant mpesa loan apps space, they are offering 0% and 0% interest for the first loan you apply for on the app.

zenka-loan-app

Features of Zenka:

  • They offer the first loan for free i.e no registration fee and no interest on mobile cash loan.
  • Quickly sends the money to your M-Pesa account, receive the money within 5 minutes.
  • You can repay your loan through installments directly to their paybill number.
  • Zenka allows you to extend the phone loan repayment period by up to 30 days.

The app is developed by a company called Zenka finance that is based in Nairobi Kenya. In order to make mobile lending readily available in this market, you can borrow money even if you do not have a smartphone. Zenka has a USSD platform where you can apply for instant loans that will be sent to you via mpesa by dialing *841#. Once you do this, you will be able to enjoy and access instant financial services even if you don’t have an android phone. Get the zenka app on your phone by downloading it from the link below.

Download Zenka app

7. iPesa loan app:

Another loan app in the Kenyan market you can use to apply for a quick mpesa loan is iPesa. This app is offered by a company called Xcredit and it is one of the newer mobile loan apps in the Kenyan market. A good thing about the iPesa app is that it is easy to install and download by going to the google playstore.

ipesa loan app

Features of iPesa

  • Qualify for between 500 Ksh up to 50,000 Ksh.
  • Loan is sent directly to your m-pesa account.
  • The registration process is easy and straight forward.
  • You do not have to fill in a registration form when applying.
  • The app has a 91-180 day loan repayment period.

This lending app uses modern technology to see whether or not you as user will qualify for a loan. This includes but are is limited to checking your SMS, call logs and mpesa usage. However, if you want to get the app on your phone it is easy and straightforward to download by using the google store getting the iPesa apk.

download the iPesa app.

8. Saida loan app

Saida is another popular lending app in Kenya to get instant and easy loans sent directly to your mobile phone. Once you apply and qualify for your loan, it is usually sent directly to your mpesa account within minutes. You may be asking how you get this saida app? This app is available on the google playstore for download and works on your android phone. Both small business and individuals can access loans offered to service an emergency or just to meet personal needs. The company that runs saidia is called greenshoe capital inc based in Kenya and funded by Y combinatory




Features of Saida:

  • Saida app is easy to install and configure on your phone
  • They have very competitive interest rates starting from as low as 7.5%
  • When applying for a loan on saida you do not need security
  • No need to fill an application form when applying for a loan.
  • They give you upto 90 days to make a repayment if you are unable to meet the deadline.

This loan app uses modern technology to determine who qualifies for a loan. It does this checking your SMS, calls, mpesa usage and your social connections. Once this is done, you can find out how much you qualify for directly from the app. When applying for a loan on saida, the app offers up to a maximum of 25,000. When it comes time to repay the loan, they have a paybill number that you can send the money to. Want to download the Saida app, you can do so by using the link below for an option of whether you get it from the play store or download the apk.

Download saida app

9. okolea loan app:

Okolea is another app that you can use to apply and qualify for quick easy mpesa loans online through your mobile phone. The app is developed by a company called okolea-international which is a leading tech company based in Kenya in the area of finance money transfer and e-payments. In addition to that, this mobile loan app has many registered clients estimated to be over 250,000. This could be because of the low interest rates that are charged on the Okolea app that range between 5% and 15% per month.

okolea loan app

Features of Okolea app:

  • Consistent updates to the app meaning you are always using the latest form of the apk installed on your phone.
  • Very quick and easy to install from the google play store.
  • Borrow up to three times within your loan limit without paying your first loan.
  • Fast approval for instant mpesa loans which is very good for emergency situations since the okolea loan is sent within ten seconds.
  • Increase your money loan limit every time you repay borrowed cash within schedule.
  • Easily repay the okolea loan through paybill number making it convenient.
  • Very good customer care for when you need assistance, easily contact okolea support [link: anchor to contact section] when you need help.

The fast mobile loans are possible through Okolea because this lending app allows you to register without paying a registration fee, besides that you are not required to fill in any registration form. So how do you get the okolea app on your mobile phone? This is one of the easiest loans apps in Kenya to install due to it being available on the google play store. You can get the download for the app using the link below.

Download okolea app

10. Stawika loan app:

There is another money lending app that offers small instant loans in Kenya and it is similar to Tala mobile app. Stawika allows you to get a mobile loan in Kenya and the money is sent fast directly to your mpesa account. This app has been downloaded on android phones over 100,000 which goes to show that users really use this app to get online quick cash loans.

stawika-loan-app

Features of Stawika loan app:

  • Stawika app is easy to install and configure on your phone
  • No need to fill an application form when applying for a loan.
  • Personal loans are dispersed very quickly to your phone through mpesa.
  • When applying for a loan on stawika app you do not need security

The app is developed and maintained by stawika capital limited. This company specializes in mobile money lending services where they offer loans in Kenya without security. It is one of the most used mobile loans app in Kenya. So how do you get the stawika app on your mobile phone? You can do this by downloading the app from the google play store or by getting the stawika apk. Check out the link below to be able to download stawika on your phone.

Download stawika app

11. Usawa app:

The list of loan apps in Kenya continues with Usawa which has its moto as ‘mpesa loans on go’. Easily apply and qualify for cash through the loans that Usawa disburses through the app. This app is developed and maintained by usawa.

usawa loan app

Features of usawa

  • It allows you to increase your loan limit size every time you repay borrowed cash amounts in good time.
  • Quick distribution of money to your mpesa account once you qualify for a cash loan.
  • No need for an application form, use your facebook account to register.

So how do you get the Usawa app on your mobile phone? You will need to download it from the google play store, and also you could get the usawa apk from websites like apkmonk. Check out the link below to get this loan app on your phone.

Download usawa app

12. Fadhili:

Fadhili is another money lending application that offers mobile mpesa loans in Kenya at very reasonable interest rates. In addition to this, it gives you fast and convenient loans to your M-Pesa. Users can use these loans to pay for emergency situation, grow your business or pay your bills.




Features of Fadhili:

  • Qualify for a loan amount of between 300 Ksh to 300,000 Ksh
  • No need to fill in a loan application form
  • The loan it offers are unsecured mobile loans

In order to use the fadhili app, you need to download it from the Google play store or by getting the apk. You can do that by clicking the link below. After getting the app on your android phone, open it and create an account and begin applying for a loan.

Download Fadhili app

13. Zash loan

With over half a million downloads on the google playstore, zash is one of the popular instant loan apps in the Kenyan market. It offers quick loans to help anyone in Kenya who needs money to grow their business, pay for school fees or meet a specific emergency.

Features of Zash:

  • Loan is sent within 5 minutes once you qualify.
  • Paperless and digital process on your android mobile phone.
  • Loans are available 24/7
  • Reviews and loan approvals are fast done in within 30 mins.
  • You can repay the loan using a number of convenient methods.

The zash app is developed by kopakash and they offer very high security to protect your data. The money ledning app zash is available to download both from the google playstore and also as an apk.

download Zash loan app.

14. ubapesa loan app:

ubapesa is a peer to peer mobile lending app that allows you to apply for quick loans online. This loan is sent to you once you have qualified for it via mpesa where you can then use the money to fund your emergency or to pay bills. Being one of the new loan apps in Kenya, ubapesa has not been around as long as some of the more established apps such as branch or Tala Kenya.

ubapesa loan app

Features of ubapesa:

  • Users lend other users money.
  • Once you qualify for a loan, it is sent to your mpesa account.
  • It uses peer to peer technology to facilitate loaning and borrowing of money.

This mobile online money lending app works like a market place where individual users can lend money to people who are looking to apply for a loan. In addition to this, what makes this loan app stand out from the others is that it is a peer to peer lending app which allows users to lend and borrow money.

Ubapesa is one of the apps that offer loans in Kenya without security. So, how can you get the ubapesa loan app? You can get it by downloading it on the google play store or if you are looking for the apk there is an option to get it from apkmonk. Check out the link below to see this two download sources.

Download ubapesa app

15. Berry loan app:

This is an amazing app with incredible features to offer when it comes to borrowing money online using a loan app. Furthermore, this is one of the new apps that offer fast and quick cash loans through mpesa in the Kenyan market. The berry loan app functions very similar to the more popular branch app. With a very user friendly interface, this app makes it easy when applying for instant mobile loans in Kenya.

berry loan app

Features of Berry:

  • Easily provides you with credit instantly 24/7 wherever and whenever you are.
  • Once you qualify for a loan it is send directly to your phone through mpesa
  • The cash loans come at a low fee.
  • Repayment of money borrowed using the berry app come with an easy repayment schedule.
  • Quick and easy to download from the playstore.

Small loans are dispersed quickly online and it has a very good user interface. Being one of the newest mobile lending applications in Kenyan market hasn’t stopped the app from getting very good reviews on the play store with a rating of 3.9 out of a possible 5.0.

So how do you get the Berry app? Check out the link below to see how you can download it directly from the google play. Another way you can get it is by downloading the apk.

Download Berry app

16. mkey:

For those who have utilized other apps to apply for a loan on their mobile phone, for example Tala loan app by Tala Kenya or branch, mkey will feel different to you. This is because unlike other popular apps used to borrow loans, mkey is in the form of a keyboard app download. Developed by finserve Africa, not only do you have a multi-tasking keyboard, you can also send money, pay bills, buy airtime amongst other things. In addition to that, you can get a loan when you are inside the mkey app.




 

Features of mkey app:

  • Apply for instant mpesa loans quickly from your keyboard app.
  • Use the app to send money through a shortcut on the keyboard.

Want to get mkey on your mobile phone, get it quickly and conveniently from the download link below. Not only that, you can also get it on your phone by downloading and installing the mkey apk.

Download mkey app.

17. Umba app:

Umba, previously known as mkopokaka is yet another option when it comes to getting loans directly to your phone in Kenya. Considered as one of the newer mobile money lending apps operating in the unsecured loans business and emergency loans space, it is highly rated in the google play store.

umba loan app

Features of Umba:

  • Directly apply and repay loans directly from your smartphone or desktop computer.
  • It allows you to increase your loan limit size every time you repay borrowed cash amounts in good time.
  • Quick distribution of money to your mpesa account once you qualify for a cash loan.
  • No need for an application form, use your Facebook account to register.

A feature that makes umba stand out from the other apps is that you can also access mobile loans from your desktop. Want to get the app on your phone, you can download it from the link below and start enjoying their services.

Download Umba app

18. Upazi loans:

Another way you can get quick mobile loans in Kenya is through an app known as Upazi. One of the top loan apps in Kenya that offer loans sent to your phone via mpesa, it has been downloaded over 100,000 times.




Features of upazi:

  • Apply for a small loan takes only five minutes.
  • The approval process is fast and easy.
  • With upazi, the loan is deposited directly into your mpesa.

The services are offered by upazi ventures a fintech company that prides itself in being trusted and established for some time in Kenya. So how do you get the upazi loan app on your phone you can do that by downloading it from the link below.

Download upazi app.

19. Afrikaloan Kenya

This is a micro mobile loan app that has been launched in Kenya. In addition to this, afrikaloan provides you with convenient and fast loans online, this allows you to get your money directly to your M-Pesa account. It is one of the new loan apps that give you a quick access to money for emergencies or to boost your business.

afrikaloan loan app

Features of Afrikaloan.

  • Qualify for a loan of between KSH 500 – KSH 10,000.
  • Loan is sent to your phone within 5 minutes.
  • Charges interest rates of up to

To get the Afrikaloan app on your phone, click the link below to take you to a guide on how to.

Download Afrikaloan app

20. Loanbee

This lending app is one of the new ones in Kenya that offer mobile loans. Like the previous apps, it also disperses the money that it lends to its customers quickly using mpesa. This means that once a customer applies for a loan on the loanbee app and qualifies, then they receive the money instantly.




Features of Loanbee

  • Qualify for loan amounts of Ksh 100 to Ksh 50,000
  • The loans come with a repayment period of 60 to 90 days.
  • The interest rate is 36%

Download the loanbee app.

21. FlashPesa

If you are looking for an instant mpesa loan sent directly to your phone, then look no further than iPesa. One of the newer apps that offer loans in Kenya, FlashPesa has slowly gained popularity such that it has been downloaded over 100,000 times.

flashpesa loan app

Features of Flashpesa

  • Offers loans that range from Ksh 2000 up to Ksh 50,000.
  • The loan repayment terms are between 61 days to 180 days.
  • It offers an interest rate of a maximum 24% APR.
  • They charge a one-time service fee of between 150 Ksh to 600 Ksh
  • For you to apply for a loan you need to be at least 22 years of age.
  • Having employment is also needed when applying for a loan.

FlashPesa is a safe and secure app and will only ask for necessary permissions for example use the data on your phone in order to verify it’s you i.e. your identity and to create a credit score. It is one of the fastest growing loan apps in Kenya that you can download and install on your android phone. This app is developed by Ambush capital.

download the Flashpesa app

22. Stawi

Here is another app available in the Kenyan loan market. Stawi is easy to download and instal on your android phone and uses technology to allow you to apply and qualify for mobile loans. This app is targeted at small and medium business owners to help them digitize business operations and also access business loans.

stawi-loan-app

Features of Stawi

  • You can apply for a loan between 30,000 Ksh and 250,000 Ksh
  • Interest rate is charged at 9%
  • You can top up loan after servicing 80% of loan.
  • Allows you to grow credit limit.
  • Receive payments account.

Note, unlike other apps in this list, stawi needs a receipt of a business license or permit for you to qualify for a loan. The app was launched by the government of Kenya through the central bank of Kenya and has partnered with 5 commercial banks. These banks are Kenya Commercial Bank, NCBA, the cooperative Bank of Kenya, NIG Group PLC and Diamond Trust Bank.

download Stawi app

23. Craft

This is a micromobile loan app that has been launched in Kenya. Although it has very poor reviews on the google playstore, a rating of 3.4 out of 5, it is also available for giving loans.




Features of craft:

  • Qualify for a loan of between KSH 500 up to KSH 100,000
  • The loan terms are 91 days – 365 days.
  • Interest rate of 12% APR
  • They also have a fee of 12%

Download Craft loan app

Conclusion: We have gone through more than 20 loan apps that are available in Kenya. These lending apps although they offer one main key function, which is offering instant loans to customers, they are also unique in the experience they give each user.

For now all we know is that as more and more people continue to use smart phones, there will always be a demand for apps that give users convenience. In this case, the convenience offered by these apps is clear; instant unsecured mobile loans,that are quickly sent via m-pesa and help you with money when you are in an emergency.

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