Since the advent of Android mobile phones and the birth of M-Pesa, together with Instant loan apps, getting quick loans in Kenya is no longer a problem. Gone are days when collaterals were required for you to have a loan.
In addition to the above, your payslip, bank statements, and other documents are no longer required for you to get an emergency loan today. Note: For loans higher than Ksh 100,000, general security such as car logbook or Title deed is needed.
How can I get a quick loan?
You only need the following to get an emergency loan from instant loan apps.
- Good CRB ratings.
- Your full names as they appear on your ID.
- Your ID number.
- A mobile phone, specifically an android phone.
- An email account and perhaps a Facebook account like Branch International.
- A registered phone number – specifically Safaricom for the smooth transfer of cash.
- Bank account – for bank loans.
For you to be granted a loan through the mobile app, you have to download the app and then register your details with the creditor.
Most mobile loan apps have access to your phonebook, SMS folder, airtime balance besides your Mpesa statement. This enables the loan providers to calculate your loan limit.
Meanwhile, for you to get a loan from a bank, you have to have an active account. The reason for this is that the bank has access to your deposit and transaction statements. This is similarly true with mobile Apps. You have to have the app installed before asking for a loan.
Some of the banks that offer loans in Kenya without security include:
- KCB bank via the KCB-Mpesa platform.
- Equity bank – via their Equitel lines.
- Co-operative bank via USSD or mobile banking platform.
- NIC Bank
Which is the Best Instant Loan App in Kenya?
The following loan apps in Kenya have been barred from blacklisting individuals on CRB. Some have even left the Kenyan market
- Izwa Loans
- Hela Pesa
- Fair Branch
- Fair Money
- Phedha Loans
- Instant Cash
- Okolea loan app
- Okoa Pesa pap
- Kenya Quick Loans Market
- Top Loan Lenders
- Lendi mkopo
- Peso Loans
- Okoa Cash Loans
- Lendy LOANS
- Kopa Jirani
- Mshiko Chap
- Kava Personal Loans
- MKash Bee
- HiCash Quick and Easy Loans to MPESA
- Senti Loan app
- Eazzy Loans
- Zash Loan
- Palm Loans Kenya
- Fululiza Senti
- Fintech Loans
- Branch Loan app
- i-Save Mobile
- Okash loan app
- Imarika Credit
- Opesa Loan App
- Fuliza Branch
- Zenka Loan App
- Saida loan app
- Kash Pesa Loans
- Afrika loans
- Kenya Quick Loan Shop
- Umba loan app Formerly known as Mkopo Kaka
- iPesa loan app
- Loans Chap Chap
- Tala Loan App
Where can I get an instant loan in Kenya?
Finally, check out the full list of places you can get quick loans in Kenya. Most of these are mobile loan apps in Kenya. Some are new loan apps.
|Loan App||Loan Contact Details|
|Tala loan app||Use their Facebook Page, or you can also send SMS to 21991|
|Branch Loan app||Email address: firstname.lastname@example.org or use Facebook page and Twitter handle to contact them.|
|Saida loan app||Email: email@example.com|
Use Saida app
|Haraka loan app||Phone 0770637594, Email: firstname.lastname@example.org|
|Utunzi loan app||Phone: 0720686009/0721843974 or you can use the in-app support SMS to send a message|
|Stawika loan app||Phone: 0790523410 or 0789814134|
|Zidisha loan app||Use Facebook|
|HF Whizz loan app||Contact them on Facebook|
|Okash loan app||Facebook page|
|Shika loan app||Email: Care@shika-app.com|
|Ubapesa||Visit their Facebook page|
|Okolea loan app||Phone/WhatsApp 0720178775/0748679076|