20 BEST Loan Apps in Kenya [Working in 2020]

You in a fix and need a loan? We will review a list of loan apps in Kenya that allows you to access loans on your smartphone and receive your credit through Mpesa.

Kindly Note: Some of these mobile loan apps in Kenya stopped issuing loans due to the current pandemic. Because the Central Bank of Kenya barred them from accessing the Credit Reference Bureau records, thus can’t determine your creditworthiness.

That does not mean that you should avoid them altogether. Check out the list of mobile loan apps in Kenya.

Loan Apps in Kenya Introduction

According to research, most people survive on mobile loans in Kenya. It is now easy to get instant unsecured loans through Loan Apps in Kenya.

Getting personal loans online in Kenya is now faster and easier than getting a traditional bank loan thanks to the introduction of Mobile Banking.

Customers who need to borrow a small personal loan for an amount between Ksh 100 and Ksh 50,000, will have an instant approval with money deposited directly into their Mpesa accounts.

Let’s go and explore the online loan apps one by one. However, it is essential to point out that KCB Mpesa and Mshwari are not open to everyone unless you are a client of either KCB Bank or Safaricom LLC.

Where can I get an instant loan in Kenya?

You can get an instant loan in Kenya on the following amazing platforms:

1. Branch Loan App

Branch International Inc is a San Fransico based company with a branch in Nairobi. It was launched in Kenya in 2015 and has been active ever since.

To qualify for a loan using this App, you need to be a registered Mpesa user and have an official active Facebook account with usernames matching those in your National ID card.

Download and install Branch app from the Google Play store, link the App to your Facebook account, provide the required details like Phone number, National ID number, etc. Verify your Phone number by clicking on the link sent to your phone via SMS

Link the App to your Facebook account. Fill in the required details; M-Pesa number, National ID, etc. Verify your account by clicking on the link that is sent to your phone via SMS.

The minimum Loan limit is Ksh 250, and the maximum loan limit is 70,000. The loan is disbursed via Mpesa, and the interest rate is dependent on the repayment of the weekly installments by the due date, which ultimately increases the credit score and decreases the interest rate.

You can find more information on how to pay Branch Loan in simple steps here.

2. Timiza by Barclays

One of the best loan apps in Kenya is a beautiful loan product from Absa (formerly Barclays Kenya), Timiza. The best thing about Timiza is that it is open to anybody with a mobile phone.

Most importantly, because you don’t need an Absa account to use the Timiza App. It is also suitable for saving, and you increase your chances of getting a loan by depositing money into the App through M-Pesa.

If you are not using a smartphone, you can still access the loan services from Timiza by dialling *848# on your mobile phone.

3. Zenka Loan App

Zenka is among the new loan apps in Kenya. I downloaded the App and immediately qualified for a loan of 2000 Kenyan Shillings.

When I repaid my loan, they only took the 2,000, meaning the first loan is free. Zenka Finance owns Zenka, and they promise loans in the range of 500 to 30,000 payable in 61 days. Zenka is a reliable mobile loan app in Kenya with over 1,000,000 downloads on Google Play.

4. CBA Loop Loan

CBA Loop a product of Commercial bank of Africa launched in 2018. The App is a digital banking service that helps you manage your money better right from your phone.

That means you skip the queues, red tape, and all the monotony that comes with conventional banking. With Loop, you can send money, make payments, invest, save, and access loans at the tap of a button.

When managing your money is smarter and more accessible, it’s not banking at all. You need to use CBA Loop for at least three months before you qualify for a loan.

The best part is their loans have no limit, and you can borrow up to 3 million in cash and has the most prolonged repayment period compared to other mobile loan apps in Kenya.

5. HF Whizz Loan App in Kenya

I cannot end the list without mentioning the HF Whizz App from HF Group. I love it because the first time I qualified for a loan of 22,000. They have since updated their terms, and you are required to visit one of their branches for KYC to get a loan.

The group is a credible entity in Kenya, and be sure you will be served when you try them out. HF Whizz app allows you to borrow up to a maximum limit of 50,000, and it similar to Timiza App by Barclays.

Apart from loans, you can also pay bills and send money to other people. To get started with HF Whizz App, head over to Google Play Store, and download the App. The process of registration is straight forward, and you will get a loan after using the App for a while.

6. Okash Loan App

This list cannot be complete without mentioning the Okash loan app a product of Opay, which is a Fintech subsidiary of the Opera group, the maker of the popular Opera mini browser.

Okash loan app has over 1,000,000 downloads on the Google Play, and they offer loans to anyone between the age of 20 to 55 who has a fixed income.

Okash claims to offer loans of up to 500, 000 depending on the applicant’s credit score. We are not sure about that since, on the App, they have a period of 15 days for one to clear a loan.

7. Stawi loan app

This is among the latest loan apps in Kenya introduced by the Kenyan Government in partnership with CBA. Stawi loan app targets small and medium micro-enterprises in the Jua Kali sector. Currently, it has over 100,000 downloads on Google Play.

8. Berry loan app

There isn’t much to say about this loan simply because its the best. Though quite an unnoticeable, Berry being the newest loan app in the market, provides loans with low-interest rates with flexible repayment periods.

9. iPesa loan app

iPesa is a recent entry in the mobile loan industry. iPesa claims to be an Easy and Fast mobile loan App that sends your credit direct to M-PESA.

iPesa offers loans from as little as 500 Kenya shillings to 50,000 and has a new loan term of between 91 days and 180 days.

They do charge interest of between 0 to 6% and a variable service fee of 5% to 10%. Need to learn more? Check out iPesa loan app

10. Haraka loan App:

I have used the Haraka loan app and loved it. I qualified for a loan, and repayment is easy. Haraka is owned by a South African lender called GetBucks.

Besides Kenya and South Africa, the Haraka loan application also lends to people in Uganda, Swaziland, Zimbabwe, and Tanzania. Haraka loans are in the range of KES 500 to 5000. Currently, the App can be downloaded from the Haraka website.

11. Saida

Saida is also using a mobile app to grant loans, just like Tala and branch. To be eligible for a Saida Loan, your Mpesa/Airtel Money accounts must be very active. The App reads and monitors your transaction and calls activities to determine if you can be able to repay their loan.

To access Saida, download the App from the Play store. Fill in your mobile number and wait for an invitation to obtain loans; the request could take up to 3 -7 days for approval. Saida offers a Minimum loan limit of Ksh 600 with a maximum of Ksh 25,000 at an interest rate of 10%.

This loan is disbursed through Mpesa and is repaid in the same way via Mpesa Paybill number 854400 for 30 Days. Defaulters are handed over to CRB to be blacklisted.

12. FlashPesa

This beautiful App by Ambush Capital LTD offers loans on mobile, which range from Ksh 2000 to Ksh 50,000. FlashPesa Loan App is becoming popular in Kenya, with over 100,000 downloads on Google Play. I tried it and loved how it worked and was given a loan instantly.

13. Senti

Another entrant into the money lending apps is Senti, which offers hassle-free loans straight to your M-Pesa. You can either download the App directly on the Senti website or get it on Google Play, where it has over 100,000 downloads. They offer loans with a limit of up to KES 70,000.

14. OKOA Stima

Okoa Stima was founded by Kenya Power in partnership with Safaricom in 2015 and is currently active. It comes in handy when you don’t have enough funds to pay for electricity.

The minimum loan amount is Ksh 100 and a maximum of Ksh 2000 at an interest rate of 10%. The loan is disbursed and repaid through Mpesa and has a duration of 7 days.

Follow the steps shown here to get the OKOA Stima Loan.

15. Kopa Chapaa

Kopa Chapaa was established at the time as and facilitated by Faulu Kenya. You need to be an actual airtel money for six months user to qualify for a loan.

The minimum loan limit is Ksh 500, and the maximum limit is Ksh 100,000. The loan has a short payment duration of 10 Days.

16. Zidisha Loans

Zidisha is an international firm that was found in 2008 and has been active ever since. It is a peer to peer lending platform, which means that it is a platform for lending money to individual or business organizations via an online platform that matches creditors directly to borrowers.

Zidisha is a non-profit organization that connects borrowers from Kenya and across Africa, with creditors from North America and Europe. To qualify for a loan with Zidisha, you need to;

  1. Be employed or have an active business.
  2. Have good conduct and reputation
  3. Have a good credit score record
  4. One should also have an excellent online presence to be able to respond to Zidisha queries and products on their website.
  5. You also need to hold a Facebook account with good social connections.
  6. Reside in a country where Zidisha currently operates.
  7. Be able and committed to posting frequent updates and reviews regarding the use of the loan and progress of the business on the Zidisha website.

17. Tala (Formerly Mkopo Rahisi)

Tala loan app was the first instant mobile loan app launched as Mkopo Rahisi in 2014 and later rebranded to Tala. This App requires one to have a smartphone and a good Mpesa Track record to access their loans.

Learn: How to increase your loan limit on mobile loan apps.

How does Tala work?

To determine your loan limit, The App depends on your loan repayment behavior and on reading your Mpesa transaction activities. You shouldn’t delete your Mpesa messages.

  • Download & install the Tala App from the Google Play store
  • Link app to your Facebook account
  • Answer a few personal questions

The loans are disbursed through your Mpesa account, and the minimum loan limit is Ksh 500, with a maximum of Ksh 50,000 at an interest rate of 15%.

The loan is to be paid back in weekly installments for three weeks through Mpesa PayBill number 851900. Loan defaulters are restricted from qualifying for future investments.

Learn More about Tala Loan App here

18. mKey Loan App

mKey represents the new revolution in customer-centric financial services. This is a new App from Finserve Africa that is gaining popularity fast.

With the mKey Loan App, you get a keyboard with yetumojis. The App allows you to send money to several mobile wallets, including Mpesa, Equitel money, & Airtel money.

You can also buy airtime for either Safaricom, Equitel, Airtel, Telkom, or Faiba. The App also allows you to goods or pay bills. You can do more like reading news get loans, among other services. You can get the mKey loan apps on the Google Play store

19. Mshwari

Mshwari is a Mobile banking service offered through M-Pesa in partnership with the Commercial Bank of Africa (CBA).

The minimum loan amount that can you can borrow is Ksh 100, and the maximum loan limit is unknown.

To qualify for a higher loan limit; one is required to have repaid the first loaned amount on time, and also increase your saving amount in your account.

Mshwari loans usually have a repayment duration of 30 days and attract an interest rate of 7.5%. Loan disbursement is done through Mpesa and processed in less than five minutes.

It is important to note that this is one of the best mobile loan solutions that are easy to get with minimum requirements.

Loan application requirement on Mshwari

To qualify for a loan from Mshwari loan, you must meet the following criteria:

  • Be a Safaricom subscriber and have Mpesa enabled for your line.
  • A registered and active Mpesa line used for six (6) Months
  • Active Mshwari account
  • An updated Mpesa menu

Safaricom has introduced a Fuliza product, which is challenging Mshwari at the moment.

20. KCB M-Pesa

KCB Mpesa is a partnership between the Kenya Commercial Bank (KCB) with Mpesa through Safaricom.

The loan platform started in 2015 as a saving account and has been active ever since. It is possible to borrow without saving, and the loan disbursed through KCB Mpesa Menu on your phone.

The minimum loan limit is Ksh 50 and a maximum of up to Ksh 1,000,000. Loan interest is at a rate of 1.16% per month, with a one-off negotiation fee of 2.5%.

The cost of a month’s loan is 3.66% with excise duty applicable to payments.

Conditions for Loan eligibility on KCB Mpesa

Being an active registered Safaricom Mpesa customer for six months is enough to qualify for a loan. Dial *844# and follow user prompts to activate our KCB-Mpesa account.

How to increase your KCB Mpesa Loan Limit

KCB Mpesa assess your loan repayment behaviour, saving history, and monitors your Mpesa transactions activity to determine the amount of loan limit for you.

NOTE: KCB M-Pesa and Mshwari are accessible through Mpesa Menu on your phone or the Safaricom App. KCB Mpesa is also available through the KCB App.

Which are the best loan apps?

In my opinion, the best apps in Kenya are Tala, Branch, and Zenka. I have been using Tala and currently among the top borrowers for the App.

With Zenka, you get your first loan free, and they provide instantly. It’s always good to check if you had been wrongfully blacklisted by the Credit Reference Bureau (CRB). It only takes seconds to check your credit score with CRB to qualify for a higher loan limit.


Raf'ael is an influencer on matters Kenya and digital. Living in Nairobi Kenya, he likes coffee when it is cold.

19 thoughts on “20 BEST Loan Apps in Kenya [Working in 2020]”

  1. Comment:Am helped in this website and now I can know away forward on how to borrow and who to borrow the money thanks a lot

  2. This is so informative. I have made up my mind and as I type this, Tala, Branch and Timiza have already loaned me with Tala being my favourite. Asante for this article.

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