Best Loan Apps Kenya-Top 20 Genuine & Trustworthy New Mobile Loan Apps 2022

Getting personal loans has been simplified by the introduction of mobile loan apps in Kenya. Initially, you had to borrow money from friends and family when faced with an emergency.

The rising number of loan apps in Kenya has enabled entrepreneurs to grow their businesses. As you know, getting a loan from a bank is an uphill task that requires you to be patient, just like Job. Furthermore, the loans from banks require collateral, unlike the loan apps, which require your personal information.

Best Loan Apps Kenya 2022

However, before taking a loan from any app, first and foremost, conduct your due diligence on the best loan apps in Kenya. This way, you don’t have to worry about sharing your personal information with a third party.

This article will list some of the top loan apps in Kenya and the new mobile apps in 2022. We have tried our level best to present you with the most trustworthy & genuine loan apps in Kenya. Note that it’s your responsibility to review the loan apps’ reviews independently and determine which is best suitable for you. Let’s get started.

Top 20 Loan Mobile Apps in Kenya

The following are the top and best loan apps in Kenya. All the apps can be downloaded from the Google Play Store for Android users and the App Store for Apple iOS users. Make sure you have your personal details with you before you begin the registration process.

#1 Tala loan

tala loan app kenya

Tala loan has more than 6 million clients. The rates are pretty fair at 4%, and you can double your limit up to Ksh 30,000 when you repay your loan on time. Another fantastic feature of the App is that you can request your data to be deleted.

Furthermore, it has a good rating of 4.4 on the Google Play store, and your data is not shared with third parties. To download the App:

  • Go to the play store and search for Tala.
  • Download it install
  • Follow the instructions and fill in all the information required before submitting.
  • Request for a loan (Note that your loan might be rejected, it’s never a sure bet you’ll get the loan on the first attempt)

#2 Branch Loan

branch loan app kenya

With a rating of 4.6 on the Google Play store, Branch allows you to borrow loans of up to KES 70,000. All you have to do is download the Branch app on your smartphone, fill in the required details, and request a loan, and you will get a response within 3 minutes.

#3 Okash Loan

okash mobile loan app 2022

The loan app has a maximum APR (Annual Percentage Rate) of 36%, and the origination fee ranges from Ksh 100 to Ksh 300. The lowest loan amount is Ksh 500, and the highest is Ksh 50,000. The loan tenure ranges from 91 to 365 days. The loan app has a rating of 4.2 on the play store.

To request a loan on the App, download and install Okash, fill in the required information and submit. Apply for the loan, and you will receive an instant notification informing you whether you qualify for the loan. If you don’t qualify, keep trying.

#4 Timiza Loan

timiza loan app

Timiza loan app is a product of (Amalgamated Banks of South Africa) Absa bank, a financial service group based in South Africa. The App is impressive because it offers a saving feature where you can transfer funds and request instant loans.

Nevertheless, the App has a medium rating of 3.0 on the play store. If you wish to get a loan, download the Timiza app, follow the steps required, and you’re set to go.

#5 Zenka loan

zenika loan kenya

Download the Zenka app and enjoy an easy registration process and increased loan limits of up to Ksh 30,000

#6 M-Shwari

mshwari loan 2022

M-Shwari is a product of Safaricom in collaboration with NCBA bank. To get a loan at Mshwari, you’ll have to save money there so that you can build your credit score. Download the M-PESA app from the play store and start saving.

Alternatively, you can use the offline Safaricom toolkit to access Mshwari. Note that you should have used M-PESA for six months to access loan limits of up to Ksh 50,000. To use M-shwari, follow the following steps:

  • Access the M-PESA menu.
  • Select Loans and Savings.
  • Select M-Shwari.
  • Select Loan.
  • Request Loan.
  • Enter amount.
  • Input your M-PESA PIN
  • The loan will be sent to you if you qualify.

#7 KCB M-Pesa

kcb mpesa loan

For Registred M-Pesa subscribers, it’s very easy to get a loan. All you need to do is access KCB – M-PESA on your Sim toolkit, check your limit and then apply for a loan. The loan is offered at 8.64% over a period of one month.

Furthermore, you save amounts of up to Ksh 150,000 and grow your money at interest rates of 6% per annum (p.a)

#8 NCBA Loop

loop loan

Download the NCBA Loop app and enjoy loan limits of up to Ksh 3 million and bank overdrafts up to Ksh 100,000 in the comfort of your home. No paperwork is required.

#9 HF Whizz Loan

hf whizz app

With a rating of 2.9 on the play store, the HF Whizz app allows you to verify transactions using OTP and apply for a loan. In addition, you can view your statements on the App. Download the App here

#10 Easy Banking

eazzy banking loan app

This loan app from Equity group allows you to access loans and banking services such as paying bills and sending money. Download the App here

#11 PesaPap Loan App

pesapap loan

This fantastic App from Family bank, with a rating of 4.0, allows you to:

  • Open an account
  • Pay Bills such as TV subscriptions, NHIF, School fees, Water, and electricity
  • Save Money
  • Buy insurance
  • Make transfers
  • Deposit and withdraw money
  • Access mobile money
  • Access instant loans
  • Manage your cards
  • Buy airline tickets
  • Manage and track your expenses

The Pesapap App is regulated by the (CBK) Central Bank of Kenya.

#12 KCB VOOMA Loan App

voomla mobile loan kenya

With a medium rating of 3.3 on the play store, the VOOMA app from Kenya Commercial Bank (KCB) offers secure digital payments. Download the VOOMA App here.

#13 Tala Hela

tala hela

Tala Hela has a good rating of 4.0 on the Play store, a tenure period of 91 days to 365 days and a maximum APR of 28%. The lowest loan amount for starters is Ksh 250, and the maximum limit is Ksh 100,000

First, download the app here and follow the following steps.

1. Register

2. Apply by filling in your information

3. Wait for approval

4. Confirm and get your loan.

#14 CashNow

cash now kenya

CashNow provides financial services in the form of mobile loans to business owners, entrepreneurs or employees that need quick cash. Follow these 3 steps to get a loan from CashNow.

  • Download the App here
  • Register
  • Get approval
  • The loan will be disbursed to your M-Pesa within a few minutes.

#15 Kashway

Kashway offers instant loans to Kenyans who are over 18 years of age with a National Identity card (ID) and a source of income. Before you download the Kashway app, the following data is collected from you during registration:

  • Your precise location
  • Personal information (Email address, name, phone number, residential address, and religious beliefs)
  • Financial information (source of income)
  • App activity
  • Web browsing history
  • App information (Crash log and diagnostics report)
  • Device information

#16 FairKash

fair Kash kenya

FairKash allows you to apply loan amounts from Ksh 2,000 to a maximum limit of Ksh 50,000. Download the App from the Play Store and follow the following steps to get a loan.

  1. Submit your details (persona, finances etc.)
  2. Get approved
  3. Receive your loan (it’s usually sent to your M-Pesa mobile number)

You should note that your data is encrypted during the transition. Furthermore, your information is never shared with third parties, and your data can be deleted on request.

#17 ipesa Credit Loan

ipesa loan 2022

With a maximum loan limit of Ksh 40,000, you just need to download the App here and follow these three steps.

  • Provide your personal information (name,address,phone,age)
  • Provide your working information (whether employed or an entrepreneur and how much you earn)
  • Provide your family information (Next of kin etc.)

#18 Zash Loan

zash loan

Zash loan has a maximum loan limit of Ksh 50,000, and you can get your loan in the following simple steps.

  1. Download the Zash loan app in the play store
  2. Register your details
  3. Authenticate your details
  4. A loan will be disbursed to your M-Pesa

If you don’t qualify at the time, come back again and try.

#19 Lion cash

lion cash kenya

The loan app provides good encryption of your data during transit. The loan application is simple, and your money is usually disbursed within a few minutes after application. Most importantly is that your data is not shared with third parties.

However, your personal, financial, and location information is collected. You don’t have to worry about this because your data can be deleted on request. Download it on the Google play store

#20 Berry Loan App

berry loan app

During application, data collected from your phone is used to make the lending decision. Download the Berry Loan app and follow the following steps

  1. Register yourself
  2. Apply for the loan (your M-Pesa statement is required)
  3. You will receive the money on your M-Pesa line.


How to Download m-pesa statement

How to request for m-pesa reversal

Latest Kenya Updates

New Mobile Loan Apps in Kenya 2022

The following loan apps are new in the Kenyan market, feel free to try them, but always remember the golden rule: make your due diligence.

  1. DirectCash
  2. OPesa App
  3. Creditmoja Loan App
  4. KesLoan
  5. Myles Loan App
  6. Flashes App
  7. Loan Pesa
  8. Lendplus
  9. Haraka loan

Before taking a loan, read the terms and conditions carefully because some loan apps share your details with third parties when you default on your loans. Furthermore, the situation worsens when they start calling your family members and friends on your phonebook.

Why should I get a loan through apps if banks are there?

Getting loans from banks has become a tedious job. There are hundreds of formalities plus in the end, they can reject your application. So, the trend of loan apps in Kenya is booming.

What is the interest rate on the loan offered by Loan apps?

This varies from app to app. The interest rate is visible on the application page of every provider.

What can I do to increase my loan limit?

As a law-abiding citizen, be ready to play an ethical role by paying the loan back in time. This ensures you get an increased limit the next time you request a loan.

Have you ever taken a loan from any loan apps in Kenya? How was the experience? Was it awesome or dreadful? Please share your loan experience in the comment section.

Last Updated on June 30, 2022 by Okello

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