Where do I access quick mobile loans in Kenya in 2020?
This is a question most of us will find ourselves seeking an answer to as the economic conditions in Kenya get more uncertain. As always, we will list all quick mobile loans in Kenya and furnish you with the most legit ones. So that when the time comes to need a quick mobile loan you will know where to go to.
At the moment, there are very many mobile Apps offering loans in Kenya. Most times, it is very hard to know which ones are legit. In this article, therefore, we will look at the best mobile loan apps in Kenya.
Top quick mobile loans in Kenya
There are various places one can access a quick mobile loan. For instance, there are some mobile banking applications such as NIC Now, Timiza App. There are also some mobile applications such as Zenka, Zidisha, Tala, Branch. And then there is the ultimate OG in this game, Mshwari, and KCB M-Pesa.
Below we will try to discuss quick mobile loans from each category.
NIC Now App
NIC Now is a quick mobile loan solution provided by NIC Bank. This mobile loan app is available to NIC banck customers who can access this loan from anywhere wherever they need it.
In order to get this app dial *488# and then follow instructions given. It is worth noting that one can borrow a minimum of KES 1,000. All loans attract an interest rate of 13.5% and have a one month repayment period.
NIC Now loan gives you an opportunity to access instant loans without security.
Timiza loan is offered by a mobile bank provided by Absa bank Kenya(formerly Barclays Bank).
You can access this application by dialing *848# or downloading it from google play store. Once you have filled in your registration details, fill in the loan application details.
Once your loan is approved, you should be able to access it via M-pesa.
It is worth to remember that repayment of Timiza quick mobile loans should be done within 30 days. One is required to use Mpesa through pay bill number – 300067.
Zenka is the coolest quick mobile loan provider in Kenya today. Accessing this loan is easy and simple.
Download and install the Zenka Mobile App from google play store. Fill in your registration details and then follow up with loan application details.
Towards the end of last year, Zenka grew in popularity as a result of its offering the first loan free of interest charges if repaid within 30 days.
Moreover, Zenka has a flexible repayment period between 30, and 61 days.
Branch offers quick mobile loans to its customers. In Kenya, Branch has been in operation for quite some time.
If you are very active in using your M-Pesa and Facebook, then this is just the place to secure your mobile loan. The more active you are in these two sites, the higher the minimum amount you qualify for a loan from Branch.
Download and Install Branch application from google play store and begin enjoying quick mobile loans without security.
Okash Mobile Loan
Onespot technology investment Kenya offers this mobile application to its customers in order to be able to access quick loans. Through Okash, one is able to access instant unsecured loans within 5 seconds.
One can borrow up to 500,000 from Okash with a minimum interest rate beginning from 5%.
Download and install the Okash mobile loan app today from Google play store in order to be able to access quick mobile loans from it.
Moreover, if you would like to repay the loan you had accessed from Okash please use M-Pesa paybill – 612224.
Tala started out as Mkopo rahisi before rebranding to Tala. For years now, Tala has been providing the quickest online mobile loans in Kenya. In just under 5 minutes, one can download, request, and get the requested loan amounts in their M-Pesa.
The minimum loan amount one can access from Tala id KES 500. However, as you keep borrowing and repaying in time, your loan limit keeps growing.
Just like Branch, Tala determines whether to give a certain customer a loan based on their activity on Facebook and the use of M-Pesa services.
Another quick mobile loan provider is Saida. Unlike Tala and Branch, Saida uses SMs, Calls, and M-Pesa information from your phone to measure one’s suitability to access a loan.
Moreover, the vetting process may take a little bit longer than for other applications. As a result the minimum amount of time for you to be able to access a loan is just 10 minutes.
Download and Install Saida App from google play store in order to begin enjoying its quick mobile loans.
Haraka loan app has some very wonderful ratings from its customers on Google play store. This quick mobile loan ranks among the best places to secure a loan while in Kenya.
Download and install the Haraka loan App from Google Play Store and begin enjoying the fruits of your application.
The minimum amount of loan one can access from Haraka is KES 500. Just as the name suggests, you are certain to get your loan amount in just under 5 minutes.
Okolea Loan is different from Okash. It is one of the quickest places to secure a mobile loan.
One of the best things about the Okolea loan is that you are certain about your loan limit progression each time you pay on time. One’s loan limit automatically grows by 20%.
In order to access a loan from Okolea,
- Download and install Okolea loan app from Google Play store
- Fill in the registration details
- Fill in the loan application form
- once the loan amount is approved, you will be able to receive it via M-Pesa.
Utunzi ranks among the highest downloaded mobile loan application in Kenya.
Through Utunzi, One can access between KES 500 – KES 100,000.
It’s important noting that your maximum loan amount will be determined by your CRB rating. The higher your rankings, the higher your limit.
Stawika loan is here to ensure that you don’t have to keep worrying about where to get money. It is here for your financial security.
In order to determine whether to extend a loan to you or not, Stawika will use your mobile phone data.
One can access from KES 500 within 5 minutes.
Other quick Mobile Loan applications include
- Jazika loans
- Pesazone loans
- Fetti loans
- Jumbo Pesa loan