Best Loan Apps in Kenya [Working in 2021]

Are you looking for a loan in Kenya? Well, read through this list of best loan apps in Kenya. We are living in exciting times where you can get everything from the palms of your hands, including obtaining credit. This article will review the popular money lending apps available today.

If an app is missing, kindly suggest it in the comments below or send me details, and I will review it. Technology has made it possible to do things that seemed unthinkable about five years ago. We all know how bureaucratic getting a loan from a bank was back then. But now, with the innovation of mobile loan apps in Kenya, your loan is just a phone away.

List of the best instant personal loan apps in Kenya:

Tala LoanKSh 1,000 - KSh 30,00030 Days7% - 19%
Branch LoanKsh 250 – Ksh 70,0004 – 48 weeks13% – 29%
iPesa LoanKsh 2000 – Ksh 10,00014 days15%
Zenka LoanKsh 500 – Ksh 30,00030 Days29%
Timiza Loan Ksh 50 – Ksh 100,00030 Days6.08%
Okash LoanKsh 2500 – Ksh 50,00015 Days15%
HF Whizz LoanKsh 1000 – Ksh 50,00030 Days7.725%

Data Source: Google Play Store and respective apps’ websites.

Back then, when you needed a quick cash loan, there were limited options, from going to banks (which is not quick) to turning to family and friends for help.

Lucky are we that these days you can do almost anything on your smartphone, including accessing a fast loan. There are many best instant loan apps in Kenya where it will take you less than 5 minutes to get a loan to your M-Pesa.

Check out These Best Loan Apps to Get an Instant Cash Loan in Kenya:

1. Branch Loan App

The first loan app in Kenya to review is Branch Loan. It is a popular app that was introduced to Kenyans in 2015 by Branch International. The branch loan app is the second oldest online lending mobile platform in Kenya after Tala.

The Branch loan app is not only available in Kenya but can be found in Tanzania and Nigeria. The mobile lending app gives its users loans up to KES 70,000. To get started on Branch App, you download it from Google Play, use Facebook to signup, and log in, and automatically you will know if you qualify for a loan or not. If you are approved for a loan, you will receive it through M-Pesa.

APR22% to 240%
LOAN AMOUNTKSh 250 - KSh 70,000
TERM LENGTHS21 Days & 30 Days
FEESFrom 13% to 29%


2. Tala: Best Loan App in Kenya

Tala was initially known as Mkopo Rahisi and rebranded to Tala. Tala Loan app is among the best and oldest mobile loan applications in Kenya. Over the number of years it has existed in Kenya, Tala has grown to be the most trusted mobile loan provider.

They offer loans up to 30,000, and the loan is disbursed through M-Pesa. They pride themselves on giving loans in less than 5 minutes, and you will build your credit up to the maximum amount by repaying your loans in time.

Tala App has more than 5 Million downloads on the Google store and is considered one of the most popular money lending apps in Kenya. To get a loan from Tala, all you have to do is download it to your Smartphone and create an account. If you are not listed on CRB, you will get your first loan to choose the payment terms.

LOAN AMOUNTKSh 1,000 - KSh 30,000
TERM LENGTHS21 Days & 30 Days
FEESFrom 5% to 19%

Read Tala Loan Review

3. Timiza

Timiza is an online Mobile money app by Absa group, formerly known as Barclays bank Kenya, one of the local banks in Kenya. As mentioned earlier, the lending app craze in Kenya has forced mainstream financial players to innovate. The best thing about Timiza, unlike other Apps from banks, is that it is not limited to the bank’s customers alone but instead available to all Kenyans.

It’s worth noting that apart from offering loans, the Timiza app also serves as a bank account to manage their account.

How to access a mobile loan from Timiza App:

  • Download and Install Timiza app from Google Play store
  • Fill in your registered M-Pesa number.
  • Activate your application by using the pin shared with you
  • You can then apply for a loan from Timiza

Timiza loans have a repayment period of 30 days, and one can borrow up to KES 150,000.

4. Stawika

Stawika is a rising money lending app by Stawika Capital. Once installed on your Smartphone, the app will evaluate your phone data, such as M-Pesa usage and other factors to qualify you for a loan. I have not personally used the app but will update this post or create a new article specifically for Stawika Capital. The registration process is simple; you download Stawika from Google. Use your phone number to register and provide a unique four-digit pin.

5. Haraka

Haraka means fast in Swahili. So anyone within Kenya will know that the app offers quick/fast loans. Haraka Loan is a product of Getbucks, a South African registered lender. Haraka is available in other 4 African countries, i.e., Swaziland, Uganda, Tanzania, and Zimbabwe. Their loan range is between 500 and 5000, and the loans attract an interest rate of 23.45%.

6. PesaPap

PesaPap loan app is an online M-Pesa loan application provided by Family bank Kenya. It is a secure and convenient way to access up to KES 50,000 through your M-Pesa.

All you need to do is to download and install this application from the google play store. Please note that one does not need to have an account with Family bank to access a loan using PesaPap.

7. Saida

Saida is another mobile loan App that helps Kenyans secure an instant mobile loan direct to their phones. Once you download Saida to your mobile app, and they offer loans of up to 25,000. Their interest rates can go as low as 7.5%, and you have up to 3 months to repay the loan. I have not used it. However, I will create a post on Saida in few coming weeks.

8. MCo-op cash

This is a loan app that enables the co-operative bank of Kenya customers to access the bank services, including emergency loans. It gives customers’ account balances and transfers cash from their MCo-op cash account to Mpesa, Airtel.

It also allows the bank customers to purchase airtime from the MCo-op cash account, among other services. With MCOOP Cash App, you can apply for up to a maximum of 200,000 shillings of 1.5 times your net salary.

9. KCB M-Pesa

I believe Safaricom set the ball rolling for mobile lenders, and KCB, in partnership with M-Pesa, came up with a solution. If you are a registered M-Pesa user, then you have access to KCB M-Pesa. Since it is already on your mobile phone, you do not have to go through the pains of download and install the application.

One only needs to click on the KCB Mpesa tab under loans and savings and then select Loan. That’s it. No registration or further details are required from you.

Once the amount you have requested is within your loan limit, they will send the loan amount to your Mpesa. KCB M-Pesa, therefore, ranks the list of the best online M-Pesa loans in Kenya today.

10. Mshwari

I could not finish this list without mentioning a Safaricom product. All the other Apps work best with M-Pesa. So just like KCB, M-Pesa Safaricom, in partnership with NCBA Bank, have a solution for mobile loans dubbed Mshwari. It operates on the principle of saving for accessing a loan. They can increase your limit depending on how you keep on Mshwari and how you repay your past loans.

To qualify for a Mshwari loan, all you need is to be an M-PESA subscriber for six months, save on M-Shwari and actively use other Safaricom services such as voice, data, and M-PESA.

11. HF Whizz App

HF Whizz is more than a lending app, and it offers so much more where you can do most of your digital transactions on the app. These include: Paying for goods directly from your HF account, money transfer, Saving on the App, Buying airtime, and, most importantly, applying for a loan. You can learn more about HF Whizz here.

12. Okash

The Opera software develops Okash to tap into the growing money lending business. The application started with a target of providing loans to at least 100,000 Kenyans for a start. Currently, the Okash loan app is one of the most popular lending app being used in Kenya.

LOAN AMOUNTKsh 2500 – Ksh 50,000
FEESFrom Ksh.100 - Ksh. 600


13. Zenka

Zenka is one of the best, and the best thing is that you get your first loan free. When you apply for 2000, you pay back 2000. Zenka loans start at Ksh 500 and can go up to 20,000. After the first free loan, the Zenka loan app will charge an 11% interest fee if you repay your loan on time.

Moreover, based on the reviews shared by most of its users, the Zenka mobile loan app has zero hidden costs to its customers.

All the costs you might need to incur while accessing the loan are made known to you during application. As a result, your loan cost is made to be as affordable as possible.

To access the online M-Pesa loan from Zenka App:

  • Download the Zenka app from the google play store or the Zenka Website
  • Register your account and then fill in the application form with the amounts you need to borrow.
  • Once you have submitted your application, they will review it, and once approved; they will send the money to your M-Pesa.
  • You can withdraw the money from an M-Pesa agent near you.
  • Make sure to repay your loan on time to increase your loan limit.

History of Loan apps in Kenya

Loan Apps in Kenya became popular in the last three years with the launch of the Branch App. Ever since we have so many players are coming into the industry. Others have died off while others have grown so big, and their clients have increased in numbers. The ones I listed are loan apps in Kenya without a registration fee.

Kenya is known for mobile money is the hotbed for money lending Apps, with M-Pesa being the ideal option to receive loans from these Loan Apps in Kenya. Now banks who have been traditional loan lenders are joining in by releasing their versions of mobile loan Apps.