Personal Loans Without Security in Kenya

This article will look at a list of places where one can secure loans without security in Kenya.

The world is going through some hard financial times, and Kenya, as a country, has not been left out of this financial crisis.

As a result, there is a need to know the top places to assess loans quickly and without requiring security. Join me in this article as we discuss each of these places and what is required for you to secure that loan.

Where to access Loans without Security

1. Izwe Loans

Izwe loans are one of the top places in Kenya that offers loans without security. Whether it be a business loan or a personal loan, Izwe loans got you.

The application process is straightforward and easy, and more than 28,000 Kenyans have secured a loan from it. Moreover, Izwe loans have been in operation for more than 5 years now.

For all you need to achieve your dreams, Izwe loans will work with you through it, even if it clears your child’s school fees.

2. M-shwari

M-shwari is a service provided by Safaricom together with CBA Bank for savings and instant unsecured loans. This service is one of the best places to secure instant loans without security wherever you are.

One needs to have a Safaricom Line that has been in use for more than six months to access a loan from M-shwari.

The minimum amount that one can borrow is KES 100 and a maximum of KES 50,000. However, for one to borrow the maximum amount, they need to have borrowed, saved, and repaid several times with M-shwari.

M-shwari charges an interest rate of 7.5% on its loan for a period of 30 days.

3. Tala

Tala App is a very famous application for borrowing unsecured loans in Kenya. One can download this app from Google Play Store and then install it.

However, one needs to be an active user of Facebook to be given the first loan. This application also requires you to integrate your Facebook account with it to check your Facebook activity.

Tala charged an interest rate of 15%, and the lowest amount one can borrow is KES 500. To grow the amount you can borrow, make sure you borrow and repay as many times as possible.

4. Fuliza

Fuliza is an overdraft service offered by Safaricom to its users.  This service enables one to pay via M-PESA even when they have insufficient funds.

Like M-Shwari, Fuliza ranks among the top places to secure a loan without a limit.

To be able to use this service, please dial *234# to register, and you will be able to pay your bills anytime, anywhere.

5. Timiza

Timiza loan App is an application provided by the ABSA Group Bank Kenya. The Timiza app is more than a money lending App as it offers other services like paying bills, buying airtime, and insurance forex.

Most importantly is the Timiza app offers unsecured loans to customers to be paid within 30 days.

All you need to do to access a loan from Timiza is download this application from the Google Play store and then install it.

Once installed, you are ready and set to borrow from as little as KES 500.


KCB M-PESA is an additional service offered to Safaricom M-PESA users by KCB bank. Just like M-Shwari, a customer can save money as well as borrow.

KCB M-PESA charges an interest rate of 7.5% for a period of 30 days to its borrowers.

Eligibility criteria are that one should have a Safaricom line that has been active for at least 6 months. If you are an M-PESA user, it does not necessarily mean that you can borrow from KCB M-PESA.

One needs to activate KCB M-PESA on their Simcard to access quick loans without security in Kenya.

7. Zenka

Zenka is the newest application in town to get a loan without security in Kenya. Over the past few months, this application has spent crazy amounts of cash to get local Celebrity endorsements.

It is worth noting that Zenka App works just like Tala. All that one needs to do is download the application, install it, and be ready to use it.

Moreover, It has the shortest turnaround time in that it only takes you 5 minutes to get your loan in your M-PESA. This can be loosely translated that if you are in a supermarket queue waiting to pay, you will have your money by the time you get to the counter.

The least amount you can borrow is KES 500 to a maximum of KES 30,000.

The more you borrow and repay, the more your chances of being able to borrow KES 30,000.

Moreover, one can be charged an interest rate between 9% – 29%.

9. iPesa App

iPesa is another mobile lending application that offers loans without security to Kenyans.

All loans are paid through M-PESA. Therefore one has to have a registered M-PESA account to be able to access their loans.

iPesa app interest rate is only at 12%, which is slightly cheaper while compared to others.

10. Branch

Branch is another mobile, online lending application in Kenya. This application offers unsecured loans to Kenyans wherever they may be as long as they have a registered M-PESA line.

To be eligible for a loan from Branch, one needs to be active in Social Media platforms, be it Facebook, Twitter, or even Instagram.

To access Branch Loans, download the Branch app from Google Play Store, install it, and you will be on your to financial security.

11. HF Whizz

HF Whizz is one of the best applications to borrow money without security in Kenya. It is also a good platform as it does not lend you money based on your social media activities.

If CRB has not yet blacklisted you, then you stand a perfect chance of getting a loan from HF Whizz without depositing anything.

One only has to download this app from either Google Playstore or IOS and install it and Kaboom, you are all set to borrow.

Conclusion on Loans Without Security in Kenya

Borrow wisely, peeps.