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Full List of Genuine Loan Apps in Kenya

By Oluchukwu Ikemefuna

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In today’s digital era, where financial transactions often require sharing sensitive information online, finding genuine loan apps in Kenya becomes crucial for secure and reliable transactions.

Instant digital loans are increasingly popular among Kenyans, especially during emergencies. Safaricom’s M-Pesa, a pioneer in mobile money transfer and loans, has inspired banks and financial institutions to adopt instant mobile app lending systems.

It has also formed partnerships with some of these institutions. This article introduces popular mobile loan apps in Kenya.

Introduction: Genuine Loan Apps in Kenya

Mobile loan apps are challenging banks by offering instant credit, prompting banks to restructure their lending systems to stay competitive. In Kenya, you can now access loans through a bank’s mobile app without collateral or paperwork.

This article features the top 20 loan apps in Kenya that provide emergency credit without cumbersome processes, allowing you to obtain substantial loans when needed.

Also read: Top 20 Loan Apps in Kenya in 2024

Tala Loans

Genuine loan apps in Kenya

Tala stands out as one of Kenya’s most popular loan apps that don’t check the Credit Reference Bureau (CRB). With a large number of downloads and positive user ratings, Tala allows you to apply once and borrow up to KSH 50,000 against your credit limit as frequently as needed.

Simply download the Tala app from the Google Play Store, register, and access loans. The app verifies your details during registration and then transfers the loan to your M-Pesa account. Repayments can be made in one installment or in installments using M-Pesa Xpress or Paybill number 851900.

Also read: How to Download the Tala Loan App

Mshwari Loans on Safaricom’s M-PESA

Genuine loan apps in Kenya

M-Pesa Africa was established in April 2020 and operates in seven countries, including Kenya through Safaricom. Safaricom’s M-Pesa app is one of the most widely used mobile loan services in Kenya.

The platform includes the M-Shwari mobile banking service, offering both savings and credit services. To access M-Shwari loans ranging from Ksh. 1,000 to Ksh. 1 million, you need a registered Safaricom line, and your credit history determines your maximum limit.

These loans come with a 9% annual interest rate, a one-time fee of 7.5%, and a 1.5% excise duty fee.

On the other hand, M-Shwari’s savings feature offers reasonable annual interest rates: 3% for savings between Ksh. 1 and 20,000, 5% for savings between Ksh. 20,000 and 50,000, and 6% for savings over Ksh. 50,000.

Also read: M-shwari Soft Loan Requirements

Fuliza Loans on Safaricom’s M-PESA

M-Shwari loans and Safaricom’s Fuliza serve different purposes. Fuliza is exclusively for credit services, while M-Shwari provides both savings and credit options. Fuliza loans must be repaid within 30 days from the disbursement date, with interest and fees added and deducted directly from your M-Pesa account.

KCB (Kenya Commercial Bank) Mobile App

Kenya Commercial Bank offers a mobile banking platform called the KCB mobile app. This app provides a convenient and secure method to manage your KCB account, including sending money, withdrawing cash, and accessing loans. It’s important to note that the KCB mobile app operates independently from the bank’s other mobile money service, KCB M-Pesa, which is affiliated with Safaricom.

KCB M-PESA Loans on Safaricom

If you borrow within your loan limit, you can request loans multiple times daily on either the KCB app or Safaricom’s M-Pesa platform. Access to KCB M-Pesa loans requires a Safaricom SIM card.

Simply navigate to your phone’s SIM toolkit and open the M-Pesa menu to borrow money, or use the M-Pesa or KCB mobile apps to access loans.

ABSA Bank’s Timiza

Absa Bank Kenya Plc, formerly Barclays Bank Kenya Limited, offers mobile loan apps in Kenya. The Absa Timiza mobile banking platform enables account holders to access instant loans, conduct money transfers, and purchase insurance using their phones.

For those unable to access the Timiza app, registration and loan applications can be done by dialing *848#.

Also read: Tala Loan app: How to Apply for a Loan

Branch Loan App

Loan apps in Kenya

The Branch credit platform is a loan app in Kenya that doesn’t require CRB checks for registration, both domestically and internationally. Users can access personal loans ranging from Ksh. 500 to Ksh. 300,000 through the Branch app.

Loan approval typically occurs within 24 hours of application, and there are no hidden fees involved. Repayment periods vary from 62 days to a year, with interest rates ranging from 2% to 18%, depending on the customer’s risk profile. Additionally, the Branch app does not impose late fees or rollover fees.

iPesa Loan App

The iPesa loan app provides loans ranging from Ksh. 500 to Ksh. 50,000 without any service fees. These loans are repayable within 91 to 180 days at an annual interest rate of 36% to 72%.

To access iPesa loans, simply download the iPesa app, install it on your phone, register using your M-Pesa number, and request a loan. Timely repayment of loans can gradually increase your loan limit to up to Ksh. 50,000.

Read here: iPesa – Credit Loan to M-pesa: How to Access It

Zenka Loan App

The Zenka app is widely utilized by borrowers in Kenya to receive loans directly into their M-Pesa accounts. The first loan you receive is interest-free and incurs no service fee. Repayment is straightforward, as you only need to repay the borrowed amount within the specified time frame, typically 61 days.

To get started, download the Zenka app to your phone from the Zenka website, Google Play Store, or App Store. Once you fill out the application form and successfully register, you can expect to receive the loan in less than five minutes.

KCB Vooma from KCB Limited

The KCB Vooma platform is one of the latest loan apps available in Kenya. Besides accessing loans, users can utilize the app for payments, savings, and money transfers between Vooma mobile wallets across different mobile networks.

To access these features, you can dial *844# or download the KCB Vooma app.

OKash Loan App

Okash, one of the genuine loan apps in Kenya offers personal and business loans of up to Ksh. 60,000 through its loan platform. To access these loans, simply download the Okash app from the Google Play Store, install it on your device, and complete the registration process.

Your loan limit and repayment period are determined based on the personal details you provide during registration.

Okash charges an annual interest rate of 14% on its loans.

Eazzy Loan App from Equity Bank Kenya

Approved loan apps in Kenya by CBK

Equity Bank’s Eazzy app, like other loan apps in Kenya, is one of the genuine loan apps in the country. It provides instant loans within 24 hours of a successful application.

These loans can be disbursed to your Equity Bank account, M-Pesa line, or Equitel SIM card. Alternatively, you can dial *247# to receive the loan directly to your SIM card without using the app.

You are eligible for loans of up to KSh3 million, with your loan limit determined by the system. The app offers a flexible repayment period of up to 12 months, deducting repayments in installments from your account. Repayments can also be made through your Equitel SIM card or using M-Pesa Paybill number 247263 along with your Equity account number.

PesaPap by Family Bank Kenya

Approved loan apps in Kenya by CBK

The PesaPap app, provided by Family Bank, offers salary loans specifically for Family Bank account holders who receive regular income from their employers. This service is tailored for individuals with stable income from employment contracts. Additionally, users can access instant mobile loans through the app.

Wezesha by ABSA Bank

Wezesha, offered by Absa Bank, is one of the latest mobile loan apps in Kenya. This program provides unsecured business loans of up to Ksh. 10 million, with funds disbursed within 24 to 48 hours after submitting your application. Wezesha by Absa Bank offers a repayment period of up to 6 years.

HF Whiff Group

Approved loan apps in Kenya by CBK

HF Whiff is highly trusted in Kenya as it is part of the Housing Finance Group of Kenya (HFGK). The HF Whiff app is available for download on both the Google Play Store and App Store for Android and iOS phones. It ensures the security and preservation of your registration details during loan applications.

Also read: Top 10 Loan Apps for Urgent Loans in Kenya

FAQ: List of Genuine Loan Apps in Kenya

What are mobile loan apps in Kenya?

Mobile loan apps in Kenya are digital platforms that offer quick and convenient access to loans through mobile devices. These apps have streamlined the borrowing process, allowing users to apply for and receive loans within a short timeframe.

How do mobile loan apps work?

Mobile loan apps typically require users to download the app, register with their personal details, and provide necessary documentation. Once registered, users can apply for loans directly through the app, and if approved, the funds are disbursed to their mobile wallets or bank accounts.

What types of loans are available through mobile loan apps?

Mobile loan apps in Kenya offer various types of loans, including personal loans, business loans, salary loans, and emergency loans. The loan amounts, interest rates, and repayment terms vary depending on the app and the user’s creditworthiness.

Are there any fees or charges associated with using mobile loan apps?

While some mobile loan apps may have service fees or processing charges, many apps offer loans without additional fees, especially for first-time borrowers or promotional periods. It’s essential to review the terms and conditions of each app to understand any associated costs.

What are the benefits of using mobile loan apps?

The benefits of using mobile loan apps include quick access to funds, minimal paperwork, convenience, and flexibility in loan amounts and repayment terms. These apps also contribute to financial inclusion by providing access to credit for individuals who may not have access to traditional banking services.

How do I choose the right mobile loan app for my needs?

When choosing a mobile loan app, consider factors such as interest rates, loan limits, repayment periods, customer reviews, and the app’s reputation. Compare multiple apps to find the one that best aligns with your borrowing requirements and financial goals.

Are mobile loan apps safe and secure?

Most reputable mobile loan apps employ stringent security measures to protect users’ personal and financial information. Look for apps that use encryption technology, have transparent privacy policies, and are regulated by relevant financial authorities to ensure safety and security while using the app.

Can I use multiple mobile loan apps simultaneously?

Yes, users can use multiple mobile loan apps simultaneously. However, it’s crucial to borrow responsibly and manage loan repayments effectively to avoid overborrowing or defaulting on loans.

What happens if I miss a loan repayment on a mobile loan app?

Missing a loan repayment on a mobile loan app may result in late fees, penalties, or adverse effects on your credit score. It’s essential to communicate with the app provider if you anticipate difficulties in making repayments and explore alternative repayment options or extensions if available.

How can I improve my chances of loan approval on mobile loan apps?

To improve your chances of loan approval on mobile loan apps, maintain a good credit history, provide accurate and complete information during the application process, and ensure timely repayment of previous loans. Some apps also offer higher loan limits to repeat borrowers with a positive repayment track record.

Also read: Latest on How to Borrow Money from PalmPay in 2024


In conclusion, Kenya’s financial ecosystem has witnessed a significant transformation with the emergence of various mobile loan apps catering to diverse borrowing needs. From established names like M-Pesa and KCB to newer entrants like Zenka and Wezesha by Absa Bank, borrowers have a wide array of options of genuine loan apps to choose from.

These apps offer convenient access to instant loans, often without the need for collateral or lengthy paperwork. Interest rates, repayment periods, and loan limits vary across different platforms, allowing borrowers to select the option that best suits their financial circumstances.

Additionally, many apps provide features beyond loans, such as savings, money transfers, and bill payments, further enhancing their utility for users.

Overall, mobile loan apps have revolutionized the lending landscape in Kenya, empowering individuals and businesses with quick and accessible financial solutions. As the fintech industry continues to evolve, we can expect further innovations and improvements in the mobile lending sector, benefiting borrowers and contributing to financial inclusion across the country.

Also read: Request Loan: How to Apply for a Personal Loan in 2024

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Christian Maximilian
Christian Maximilian

I am a Software Engineer, technical writer, and overall tech enthusiast. For me, utilizing my skills as a Software Engineer to perform Technical Search Engine Optimization is not just a job, but something I gladly incorporate into my pastimes as well, and I have been doing this for over 3 years.

When I'm not coding or writing technical documentation, I enjoy listening to music and exploring new genres.

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