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Hikash Loan: How to Apply

By Oluchukwu Ikemefuna

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The field of emergency loan apps is already growing as financial emergencies arise unexpectedly. When this happens, you begin to scramble for quick solutions to get by. 

Source: Hikash Kenya Facebook page

But this should not be a worry, as there are lots of options craving your attention these days. Among them is the Hikash loan app. It serves as a reliable option, providing instant loans with minimal hassle.

So instead of worrying about solving your money problem, why not download the Hikash app and get the needed loan to get you going? 

In this article, we’ll explore the entire process of applying for a Hikash loan. We will provide its features, eligibility criteria, requirements, repayment methods, and interest rates, to help you get started.

Overview of the Hikash Loan App

Hikash Loan App stands out as a popular instant loan application available on the Google Play Store. With over 1 million downloads and a respectable rating of 3.6 out of 5 stars, it has garnered a significant user base. 

Hikash loan system is straightforward so you already know what ot expect while using the app.  Unlike other loan apps, it offers just two types of short-term loans: a 7-day loan that ranges from Ksh1,000 to Ksh1,500, and a 14-day loan ranging from Ksh2,000 to Ksh30,000. 

Features of the Hikash Loan App

Source: Hikash website

Thanks to the Hikash Loan app speedy disbursement, extended loaning periods, and customizable payment plans. it has become a preferred choice for those seeking reliable and convenient loan solutions. Here’s why many people prefer Hikash:

fast disbursement of funds

Hikash is aware of how urgent financial crises might be. It stands out for its instant access to cash, which makes it a great option for people who need money right now. Once your loan is approved, Hikash disburses your funds lightning-fast  

extended loaning periods

Hikash provides extended loaning durations together with flexible payback alternatives, in contrast to certain other loan apps. This implies that you will not need to worry about paying back the loan quickly.

Alternatively, you can select a payment schedule that works with your budget and allows you to have the breathing room you require.

tailored payment plans

By letting borrowers choose the payment plan that best suits their needs, Hikash gives them more power. You will not experience any pressure to return your loan, resulting in a simple and easy payback process.

Furthermore, timely loan payback may eventually result in higher loan limits, offering even more financial flexibility.

Eligibility and Requirements

Requirements for Hikash loan
Source: Hikash Kenya Facebook Page

Hikash does not have a long requirement checklist for borrowing before you can get a loan. You do not need to tender proof of income or show evidence that you’re a salaried employee. The entire process is streamlined. 

Therefore, to be eligible for a Hikash loan, applicants must meet the three basic criteria outlined below:

  • Be at least 20 years old.
  • Hold Kenyan citizenship with a valid national ID.
  • Possess a registered M-Pesa number.

How to Apply for a Hikash Loan

You can finish your loan application and get your funds in a couple of minutes on the Hikash loan application. Simply follow this guide:

  1. Visit the Google Play Store on your smartphone.
  2. Search for the Hikash loan application.
  3. Tap on the install icon to download and install the app.
  4. Once installed, launch the app and grant necessary permissions.
  5. Click on the login option and agree to the Privacy Policy.
  6. Enter your phone number and verify it using the code sent via SMS. Create your user PIN.
  7. Upon successful login, fill in your profile details.
  8. The app will calculate the loan amount you qualify for and display it on the screen.
  9. Select the desired loan amount and repayment period.
  10. Review and accept the terms and conditions.
  11. Click submit to complete the application process.

Repayment Process

Just like applying, repaying your Hikash loan is a breeze. And you can do this using M-Pesa

  1. Access your M-Pesa menu.
  2. Select the “Lipa na Mpesa” option.
  3. Choose the “Paybill” option.
  4. Enter business number 181169.
  5. Input your registered phone number as the account number.
  6. Enter the repayment amount.
  7. Confirm the transaction by entering your M-Pesa PIN.

Interest Rates and Payment Terms

Hikash clarifies its interest rates before you go ahead with borrowing. To help you understand, let’s give an overview:

no hidden charges

First, understand that while Hikash charges fees and interest rates, the app is free to use. This implies that there will not be any additional costs to you while applying for a loan. To make sure the loan will meet your demands financially, it is crucial to thoroughly read the terms and conditions before applying.

interest rates

Hikash charges 18% interest on each loan. It means that you will pay an extra 18% in interest for each amount borrowed. 

late repayment fees

Unexpected financial difficulties may force you to make payments after the due date. Hikash levies a 2% daily late payback fee if you miss the repayment date.

Since this fee can build up quickly, you must make your repayments on schedule to prevent incurring more costs.

service fees

In addition, Hikash could impose a service charge for overdue or extended loans. This fee is typically applied to cover administrative costs associated with managing the loan.


Hikash offers a simple application process, flexible loan options, and reasonable interest rates. And many more have made a go-to choice for many Kenyans facing unexpected expenses. 

To avoid needless costs and penalties, it is essential to borrow wisely and make sure repayments are made on time.


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Peremoboere Numa
Peremoboere Numa

Pere is a versatile SEO writer with a Master's degree in English, who is dedicated to creating engaging and impactful content.

She excels in weaving content that not only informs, enlightens and impacts but but also optimize its online presence to rank on major web sites.

Pere brings a unique blend of linguistic proficiency and SEO knowledge, ensuring that each piece she crafts leave a lasting impact.

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