instant loan apps kenya

13 Best Loan apps in Kenya for Instant Loans in 2024

We all work hard to earn our bread and butter but sometimes, financially, situations go beyond our control. It’s best to get help from friends and family in such situations. If you want to keep your financial issues private and manage them on your own, then taking out a loan is the only option.

This article is dedicated to all you Kenyans out there who are looking to avail loan facilities to handle the financial crunch.

If you try to find instant loan providers online, you will be bombarded with hundreds of options and each of them claiming to be best. You need to be extremely careful and choose the one that is genuine and reliable. The Directorate of Criminal Investigations Kenya, DCI on twitter mentioned about such threats.

As you are on this page, you need not to bother. Here we are presenting you Top 13 Loan apps in Kenya that are trustworthy.

Important Things to Consider Before Availing Loan

Repayment period – The repayment period is the time frame within which you need to repay the loan. Depending on your financial situation, go for the timeframe you are comfortable in.

Interest Rate – Pay a close attention to the interest rate being offered to you. Lower the interest rate, better for you.

Additional Fees – It depends on provider to provider but most of them levy additional fees like processing fee, late fee etc. So , make sure you are aware of these additional fees involved.

Best Instant Loan Apps in Kenya in 2024

top loan apps kenya

Below are the top 13 instant loan providers from very trustworthy companies.

1. Mshwari Loans by Safaricom

Safaricomm’s Mshwari loan service is an excellent option for M-pesa customers.

To be eligible for Mshwari Loan, you should be :

  • An active M-pesa subscriber for atleast 6 months.
  • You should be actively using Safaricom’s Voice, Data & M-pesa services
  • You need to save as low as Kshs. 1 on Mshwari

Interest Rates

You can avail instant loans at the rate of 9%. 7.5 % is the loan fee remaining 1.5% is excise duty.

How much Loan can you get on Mshwari

If you fulfill the above eligibility criteria, you could be given a loan limit starting from Kshs. 1000 to upto 1 million. The loan limit to be offered depends on how strong your profile is.

2. Tala

Tala is a financial technology company (operating in multiple countries) that provides instant cash loans. The approved tala loans amount is delivered directly to the user’s M-PESA account. On this app the users can borrow as much as KSh 50,000 interest rates starting at 0.3% per day.

Loan Limit

The first time loan limit offered by Tala is usually between Kshs 1000 to 2000. When you start repaying loans on time, your profile gets stronger and stronger. With time, you become eligible for higher loan limits and can avail upto Kshs 50,000

How to Apply

You can only apply on Tala mobile app.

3. M-Fanisi by Maisha Microfinance Bank

The Maisha Microfinance Bank offers loan through their digital service named M-fanisi.


This facility is available to Airtel or M-pesa registered customers of Kenya.

Interest Rates

For existing Airtel customers there is facility to repay loans in 7 days, 14 days and 30 days at attractive one-off facility fees of 4%, 6% and 10% with excise duty applicable on the fees.

The existing mpesa customers can avail M-fanisi loans for repayment period of 30 days with interest rate of 10% exclusive of excise duty.

How to Apply

You have the option to apply through USSD or through M-Fanisi App.

4 PesaPap by Family Bank

The pesapap app allows the eligible loan seekers to apply for loan from Family bank.


The Family bank offers loans to both customers and non customers.

Interest Rate

The minimum Pesapap loan interest rate is 6.62%. The exact rate depends on customer’s CBR>

How to Apply

You can apply via USSD or on the mobile app.

5. HF Whizz

The HF Group is a financial institution that offers a range of banking products and services. They offer multiple types of loans. Using the HF Whizz app, you can apply for loan. They offer loan upto Kshs 50,000


  • Minimum age limit is 18 years
  • Good Credit history gives you instant approval

Interest Rate

HF Whizz loan starts from 7.725%.

How to Apply

You can apply through USSD & the HF Whizz mobile app.

6. KCB Vooma from KCB Bank Kenya Limited

The instant loan offered by KCB is called KCB Vooma. If eligible, you can loan upto Kshs. 300,000. The repayment period is 30 days.

KCB Mobile Loan is a quick and convenient way to access funding in Kenya. With loan amounts ranging from Kes 1,001 to Kes 300,000, borrowers can top up their funds for a purchase or emergency. To be eligible, applicants must have an active KCB account and be signed up for KCB mobile banking. The loan offers a repayment period of 30 days and borrowers can also earn Simba Points that can be redeemed for rewards. The loan has competitive rates and fees and is regulated by the Central Bank of Kenya.


  • Active KCB Account with KCB mobile banking activated.
  • The KCB account must be active for 6 months with at least 4 deposits during the period.

Interest Rate

The interest rate for loans is around 5.9% and the exact rate depends on customer’s profile.

Complete KCB Vooma loan terms and conditions are available Here

How to Apply

You can either apply on KCB App or apply via USSD *522#

7. Hustler Fund

The personal loan component of Hustler Fund allows you to avail loan upto Kshs 50,000. The tenure of loan offered is 14 days which can be extended upto 30 days.


  • Minimum 18 years of age.
  • Valid National ID holder
  • Must have a registered mobile number from a recognized telecom partner.

Interest Rate

The interest rate is 8%. However, 1.5% additional fee will be charged in case of late fee payment.

How to Apply

You can easily apply through USSD *254# on Safaricom, Orange Telkom or Airtel Kenya or through the Hustler fund mobile app.

8. MCo-op Cash by Cooperative bank

The cooperative bank offers instant loans of upto Kshs 500,00. The loan repayment period is 1 to 3 months.


  • Salary account with Co-operative bank.
  • Mobile banking facility should be enabled

Interest Rate

For one month, the interest rate is 8%, for 2 months it is 10% and for 3 months, it is 12%.

How to Apply

You can apply on MCo-opcash app or dial USSD *667#.

9 iPesa

iPesa offers loan amounts ranging from 500 Ksh to 50,000 Ksh with loan terms ranging from 91 days to 180 days, and the APR varies from 36% to 72%.


  • Age of the applicant should be atleast 18 years.
  • M-pesa number

Interest Rate

iPesa works on APR which Annual percentage rate. According to their official website, this is how they calculate payable amount :

“If the loan amount is 2500 Ksh, the loan term is 180days, and the APR is 72%, the total service fee should be 2500 Ksh 72%(APR)/2 = 900Ksh. The total amount must be paid: 2500+250072%(APR)/2=KES3400″

How to Apply

Applicants can apply on iPesa app.

10. Eazzy app by Equity Bank Kenya

Eazzy Loan is an easy loan to get without the need for guarantors or extensive paperwork. The loan amounts range from KSh 1,000 to KSh 3,000,000,


  • Active Equity bank account for at least 6 months
  • If you channel your income through Equity bank, you can expect higher loan limit

Interest Rate

As per an official document by equity group, the effective interest rate is 18%

How to Apply

You can apply on active Equitel Line or through the EazzyApp.

11. Loop by NCBA bank

The NCBA banks offers a digital service namely Loop. You can avail loans from Kshs 50,000 to upto Kshs 3 Millions from this service. The repayment period is 6 month to 36 months


  • Minimum age limit of applicant should be 18 years.
  • Good Credit history
  • Account on Loop Platform
  • Make sure you channel your income from your loop account to maximize the chances of availing higher loan limit and attractive interest rate.

Interest Rate

NCBA doesn’t specify interest rate. As per a statement on their official website –

“The applicable interest rate on Loop Loans will differ from a customer to customer and will be determined by an individual’s credit history rating and the tenor of the loan.”

How to Apply

You can apply from the loop mobile app available for both Android and iOS users.

12. Wezesha by Absa Bank

The Absa bank has launched Wezesha app that offer various services. Instant loan is among the services offered by Wezesha app.


  • Age of the applicant should be minimum 18 years.
  • Bank Account with Absa Bank
  • Good credit history

Interest Rate

The interest rate is not publically mentioned. Exact interest rate offered depends on customer’s profile.

How to Apply

Simply download the Wezesha app on your android device, install it and login. Then, head to loan sections and apply for a new loan.

13. Zenka

Zenka loan app provides loan upto Kshs 1,00,000 to eligible persons. The approved loan limit is transferred to user’s M-Pesa account.


  • Age of Minimum 18 years.
  • Must Register on the App

Interest Rate

The zenka instant loan interest rate varies from 9 to 39%

How to Apply

You can download the Zenka app on your Phone and register. After that, you can provide asked details and proceed with the loan application

We hope this article helps you to find Instant Loan Apps in Kenya that are trustworthy. Feel free to share your thoughts in the comments section.

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