There are many loan apps available in Kenya, each with its own set of features and benefits. Some of the most popular loan apps include Branch, Tala, M-Pesa, KCB MobiCash, Airtel Money, and EquitelMoney. Each app has its own unique set of offerings, so it is important to compare and contrast before choosing the best one for your needs.
5 best loan apps in kenya -apps that i have borrowed loan from
There are many loan apps available in Kenya, and it can be difficult to choose the best one for your needs. Here is a list of the best loan apps in Kenya, based on customer reviews: 1. Kcb Mpesa Loan App: This app offers loans of up to Kshs 300,000 with flexible repayment periods of up to 12 months.
It is easy to use and has a fast approval process. 2. Tala Loan App: This app offers loans of up to Kshs 200,000 with repayment periods of up to 12 months. It is easy to use and has a quick approval process.
3. Fuliza Loan App: This app offers loans of up to Kshs 150,000 with repayment periods of up to 6 months. It is easy to use and has a fast approval process. 4. Branch Loan App: This app offers loans of up to Kshs 100,000 with repayment periods of up to 6 months.
It is easy to use and has a quick approval process. 5.. Timiza Loan App: This app offers loans of up Kenyan Shillings 50,000 with repayment periods of between 1-6 months .
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Best Loan Apps in Kenya Without Crb
If you are looking for a loan in Kenya, there are many apps that can help you get one without a CRB check. Here are some of the best loan apps in Kenya:
M-Pesa: M-Pesa is a mobile money service that allows users to send and receive money using their phones.
It also has a loan feature that allows users to borrow money from M-Pesa. To qualify for an M-Pesa loan, you must have an active M-Pesa account and be employed.
Tala: Tala is another mobile money service that offers loans to its users.
To qualify for a Tala loan, you must have an active Tala account and meet Tala’s eligibility criteria.
Branch: Branch is a lending platform that offers loans to both individuals and businesses. To qualify for a Branch loan, you must have an active bank account and meet Branch’s eligibility criteria.
KCB Mobi Loan: KCB Mobi Loan is a mobile banking service offered by Kenya Commercial Bank (KCB). It allows users to apply for loans of up to KES 200,000 through the KCB Mobi app.
Fake Loan Apps in Kenya
Kenya is one of the most innovative countries in Africa when it comes to mobile money and digital finance. However, this also means that there are many opportunities for fraudsters to take advantage of unsuspecting consumers. One of the latest scams to hit Kenya is fake loan apps that promise quick and easy loans, but end up stealing people’s money.
There have been several reports of fake loan apps in Kenya in recent months. The apps typically masquerade as legitimate financial services providers, offering quick loans with minimal requirements. However, once users apply for a loan and provide their personal information, the app will either steal their money or use their information to commit identity theft or other types of fraud.
If you’re considering taking out a loan in Kenya, be sure to do your research first. Only use reputable financial services providers that you know and trust. And if an app or website looks too good to be true, it probably is!
List of Genuine Loan Apps in Kenya
When it comes to finding a loan in Kenya, there are many options available. However, not all of these options are reputable or even safe. This is why we’ve compiled a list of the best and most genuine loan apps in Kenya, so you can be sure you’re getting a good deal.
1. M-Shwari
M-Shwari is one of the most popular loan apps in Kenya, with over 7 million users. It offers loans of up to KES 30,000 with repayment periods of up to 30 days.
The interest rate on M-Shwari loans is 7% per month (equivalent to an Annual Percentage Rate (APR) of 84%), but this is only charged on the amount that you actually borrow – not the full amount that’s been approved. There are also no hidden fees or charges, which makes M-Shwari one of the most transparent and affordable loan providers in Kenya.
2. Branch Loan App
Branch is another popular loan app in Kenya, with over 1 million users. It offers loans of up to KES 50,000 with repayment periods of up to 3 months. The interest rate on Branch loans starts at 5% per month (equivalent to an APR of 60%), but this decreases the longer you repay your loan – meaning you could end up paying as little as 2% interest per month if you repay within 3 months (equivalent to an APR of 24%).
There are also no hidden fees or charges associated with Branch loans.
Berry Loan App
If you’re looking for a personal loan, there’s a new option in town: the Berry Loan App. This app promises to provide competitive rates and fast approval times, making it a convenient option for those who need money quickly. Here’s what you need to know about the Berry Loan App.
The Basics
The Berry Loan App is available to borrowers in all 50 states. You must be at least 18 years old and have a valid Social Security number to apply.
The minimum loan amount is $500, and the maximum loan amount is $40,000. repayment terms range from 24 to 60 months, depending on the loan amount and your creditworthiness.
To get started, simply download the app from the App Store or Google Play Store and create an account.
Once you’ve logged in, you’ll be asked to enter some basic information about yourself and your financial situation. From there, you’ll be able to see personalized loan offers from a variety of lenders.
Choose Your Lender Wisely
Once you’ve received some loan offers, it’s important to compare each one carefully before making a decision. Pay attention to factors like interest rate, fees, and repayment terms before selecting a lender. Also be sure to read reviews of each lender before moving forward – this will help ensure that you’re working with a reputable company that will treat you fairly throughout the process.
Jazika Loan App
If you’re looking for a loan, there’s a new app that can help you out. It’s called Jazika, and it’s designed to make the process of getting a loan easier and faster.
Here’s how it works: first, you download the app and create an account.
Then, you select the amount of money you need and the repayment schedule that works for you. Once you’ve submitted your information, Jazika will match you with a lender who can provide the funds you need.
The whole process is quick and easy, and it could save you a lot of time (and money) in the long run.
So if you’re in the market for a loan, be sure to check out Jazika.
Credit: urbankenyans.com
Which are the Most Reliable Loan Apps in Kenya?
Kenya is a country in East Africa with a population of about 47.5 million people. It is well known for its coffee and tea production, as well as its tourism industry. Kenya is also home to several mobile money platforms, such as M-Pesa and Airtel Money.
There are many loan apps available in Kenya, but not all of them are reliable. Some of the most reliable loan apps in Kenya include Branch, Tala, KCB Mobi Loan, M-Shwari, and Fuliza.
Branch is an app that offers loans of up to KES 50,000 with repayment periods of up to 3 months.
To qualify for a loan from Branch, you must have an active Kenyan bank account, a source of income, and be at least 18 years old.
Tala is another loan app that offers loans of up to KES 35,000 with repayment periods of up to 6 months. To qualify for a loan from Tala, you must have an active Kenyan bank account, a source of income, and be at least 18 years old.
KCB Mobi Loan is a mobile banking service offered by Kenya Commercial Bank (KCB). It allows customers to apply for loans of up to KES 1 million with repayment periods of up to 12 months. To qualify for a KCB Mobi Loan, you must have an active KCB bank account and meet the minimum requirements for creditworthiness set by the bank.
M-Shwari is a mobile banking service offered by Safaricom in partnership with Commercial Bank of Africa (CBA). It allows customers to apply for loans of up to KES 30,000 with repayment periods ranging from 1 week to 6 months. To qualify for an M-Shwari loan , you must have an active Safaricom line and meet the minimum requirements set by CBA .
All customers who take out an M-Shwari loan are automatically enrolled in CBA’s life insurance policy .
Lastly , Fuliza which is also offered through Safaricom in partnership with CBA , allows customers who have used up their credit limit on their mpesa account ,to continue sending money even when they don’t have enough funds in their account at that particular moment .
Which App Gives You Loan Immediately?
If you’re in need of a loan, there are a few apps that could help you get one immediately. One option is Dave, an app that offers short-term loans to cover unexpected expenses. You can borrow up to $100 with no interest or fees if you repay the loan within 30 days.
Another option is Earnin, which allows you to access your earned wages before your next payday. There’s no interest or fee for using Earnin, but you may need to have your employer set up direct deposit in order for it to work. Finally, there’s Brigit, which also offers short-term loans of up to $250.
With Brigit, you can choose how much you want to pay back each week and schedule automatic payments so you don’t forget.
Which is the Easiest Loan App in Kenya?
If you are looking for an easy loan app in Kenya, there are a few things to consider. First, what is your reason for taking out a loan? Do you need it for emergency expenses or for something else?
There are many different types of loans available, so make sure you choose one that is best suited for your needs.
There are several factors that go into determining the ‘easiest’ loan app. These include the interest rate, repayment terms, and whether or not collateral is required.
Some apps may also have additional requirements such as a minimum income or employment history.
The best way to find the easiest loan app is to compare different options and see which one meets your needs the best. Be sure to read all the fine print before signing any agreements so you know exactly what you’re getting into.
Where Can I Borrow Money Urgently in Kenya?
There are many places where you can borrow money urgently in Kenya. Here are some of the most popular options:
1. M-Pesa: M-Pesa is a mobile money service that allows users to send and receive money, pay bills, and make other financial transactions using their phones.
It is one of the most popular ways to send money in Kenya, and it also offers a loan service called M-Shwari. To qualify for an M-Shwari loan, you must have an active M-Pesa account and meet certain criteria set by the lender.
2. KCB Mobi Loan: KCB Mobi Loan is a mobile banking service offered by Kenya Commercial Bank (KCB).
It allows customers to apply for loans of up to KES 50,000 and get instant approval via SMS. There are no paper forms to fill out, and you can repay your loan using any mobile money platform including M-Pesa, Airtel Money, or Equitel Money.
3. Branch Loans: Branch is a Kenyan startup that offers short-term loans through its mobile app.
Loans range from KES 1,000 to KES 20,000 and must be repaid within 30 days. Branch uses data from your phone to assess your creditworthiness, so you do not need a formal credit history to qualify for a loan.
4. Tala Loans: Tala is another lending platform that offers quick loans through its mobile app.
You can apply for a loan of up to KES 30,000 and get approved within minutes if you meet Tala’s eligibility criteria.
Conclusion
There are many loan apps available in Kenya, and it can be difficult to choose the best one for your needs. Here is a list of the best loan apps in Kenya, based on customer reviews:
1. M-Shwari: This app is offered by Safaricom and enables users to access loans of up to Kshs 30,000.
It is convenient and easy to use, with a simple application process and quick disbursement of funds.
2. Branch: Another popular loan app in Kenya, Branch offers loans of up to Kshs 150,000 with repayment periods of up to 3 months. It has a fast and easy application process, and customers have praised its transparency and fair interest rates.
3. Tala: Tala is another mobile lending platform that offers loans of up to Kshs 35,000 with repayment terms of up to 30 days. It has a quick application process and offers same-day approval and disbursement of funds.
4. Fuliza M-Pesa: This service from Safaricom allows users to top up their M-Pesa account when they run out of airtime or cash.
It can be used as an emergency loan facility, offering instant credit of up to Kshs 1,000 which can be repaid when you have the funds available.
5. KCB Mobi Loan: This app from Kenya Commercial Bank offers loans of up to Kshs 4 million with repayment terms of between 12 and 36 months. It has a straightforward application process and offers competitive interest rates starting from 14%.