Do you need money to travel? Here is how you can qualify for a travel loan in Kenya

Sometimes we get pressing money emergencies that you can’t postpone or push forward. For example, if you need to urgently travel upcountry so as to attend a function that you can’t miss out on, how can you get that travel money?

Well, here at saidia we have highlighted a few ways in which you can apply for a travel loan to assist you finance your travel. Below find detailed ways with which you can get money to travel.

How to get emergency money to travel in Kenya

Apply for a Travel instant loan from loan apps in Kenya

Recently in Kenya, there has been an increase in the number of loan apps available in the market. There are popular ones like Tala Kenya and branch loan app. These two apps are currently the market leaders in the mobile app loan market. Each of them has millions of downloads and has assisted many Kenyans to access quick and instant loan facilities for the purpose of travel from their mobile phones.

Are you traveling to upcountry for a wedding or need money to pay for transport for your child to head back to school, these loan apps could be the solution you need.

Once you have them installed, the loan apps offer from 250 Ksh to 100,000 Ksh instant loans when you qualify. Make sure you check them out when looking for a quick way to finance your travel plans. Find the specific app you can download and use by going through our list of mobile loan apps available in Kenya.

Get loans from a local bank using their banking app

Another way in which you could finance your business with a loan is by taking a loan from a bank. With the increase in the uptake of technology, some banks even offer loan facilities digitally with no need for a loan application form. One of these facilities is Timiza loan app which is offered by Barclays bank Kenya.

You can also apply for a loan through banking apps from co-operative bank and equity bank. However, you need to be banking with these banks so as to be access the loan facilities offered. Also, make sure you have the banking apps installed so as to be able to apply for the loan. For co-operative bank, you will need to download MCo-op cash loans app, while for equity bank, you will need to download the eazzy banking app.

There are many banks in Kenya which offer loan facilities to business or even individuals. You can check out this guide on the banks that are licensed to run in Kenya and the different services they offer.

Apply for a mobile phone loan

In addition to the above ways of getting a quick loan for your travel in Kenya, there is yet another way which you could apply. You could do this by getting a mobile phone loan. The most popular of this mobile phone loans is mshwari by CBA in partnership with Safaricom Kenya.

Mobile phone loans are different from loans gotten from mobile loan apps. This is because, for mobile phone loans, you do not need to install an app on your phone. This means that you do not have to have a smartphone to have access to this facility and you can apply for the quick loan from any phone.

All you need is a safaricom m-pesa account and you will be able to access these loan services. Other mobile loan services you can get are KCB mpesa that is offered by KCB and Fuliza.

Borrow from friends and family

Yes, this should be the first step to take when looking for a quick loan for your travel. It comes out as the most obvious way, but before you explore other options, do make sure you have tried reaching out to friends and family.

Get a loan from private loan lenders

This is the type of loan you get from private lenders. We do not highly recommend this type of loan, however if you are in a position to guarantee to pay back in good time, and have a guarantee then you can apply.

Withdrawing from your savings

Do you have some money saved up for a rainy day? This would be a very good source for you to get an emergency travel loan for your needs.

It is always good to have some money stored away so that you can use it when emergencies arise. If you don’t have some saved away, we can suggest a few accounts you can open so as to start putting some money away.

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