top 10 money lending apps in kenya

1. Branch Loan App

Best 13 Loan Apps in Kenya in 2023 - Branch Loan app

The first loan app in Kenya to review is Branch. It is a popular app introduced to Kenyans in 2015 by Branch International. The Branch loan app is not only available in Kenya but can be found in Tanzania and Nigeria.

The mobile loan app gives its users loans up to KES 50,000.

To get started on Branch App, you download the App 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.

2. Tala Loan App (Recommended)

Best 13 Loan Apps in Kenya in 2023

The Tala loan app was initially known as Mkopo Rahisi and was rebranded to Tala. 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 1 Million downloads on the Google store and is considered one of Kenya’s most popular money lending apps.

To get a loan from Tala, you must download the app on your Smartphone and create an account. If you are not listed on CRB, you will get your first loan to choose the payment terms.

3. Timiza Loan App

Best 13 Loan Apps in Kenya in 2023

Timiza is an App by Barclays bank, one of the local banks in Kenya. As mentioned earlier, the loan app craze in Kenya has forced mainstream financial players to innovate.

Unlike other apps from banks, the best thing about Timiza is that the app is not limited to the bank’s customers alone but instead available to all Kenyans.

You download the app, register, and check if you qualify for a loan.

The Timiza App is not only a money lending app but one of a kind app where you can do more. You can top up any amount and use the money to hail a Taxi.

4. Stawika Loan App

Best 13 Loan Apps in Kenya in 2023

Stawika is a rising money lending app in Kenya by Stawika Capital. Once installed on your Smartphone, the app will evaluate your data on the phone, such as M-Pesa usage and other factors, to qualify you for a loan.

The registration process is simple; you download Stawika loan App from Google. Use your phone number to register and provide a unique four-digit pin.

5. Haraka Loans

Best 13 Loan Apps in Kenya in 2023

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 Loan App 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. FlashPesa

13 Loan Apps in Kenya in 2023 - FlashPesa

FlashPesa is a locally operated company working to positively impact Kenyans’ lives by providing quick access to funds. FlashPesa offers users a fast and secure way to get their hands on the money they need, whether for a personal emergency, a business loan, or just for fun.

Using FlashPesa is easy. All you have to do is download the app from Google Play Store, enter your phone number, and fill out a simple form in under 30 seconds to get started. Once you have an account set up, you can access funds quickly and securely with minimal hassle.

FlashPesa believes that life doesn’t always have to be full of emergencies; sometimes, people just need funds to make life fun as well. Through their quick financial access service, they can provide users with the money they need when they need it most – enabling them in ways never thought possible before.

7. Zash Loans

Best 13 Loan Apps in Kenya in 2023 - Zash loan

Zash Loan is an online loan application that offers transparency in interest and fees, high quotas with low-interest rates, and no credit record required. Residents aged 18-60 with a stable source of income can easily apply online anytime they need financial assistance.

The application process is quick and simple, with users receiving the money to their M-PESA accounts within minutes. Super technology and full encryption are also utilized to protect users’ personal information security.

8. LendPlus Loans

Best 13 Loan Apps in Kenya in 2023 - LendPlus

We’ll say this is one of the best loan apps. LendPlus is a responsible direct lender offering a simple and quick solution for customers who need financial assistance. Customers can apply for a loan from anywhere.

Data privacy, confidentiality, and protection are guaranteed. Once you qualify for the loan, money is transferred instantly to your account and you can prolong the loan period. Their customer service, friendly interest rates, and extension option provide additional assurance for customers.

LendPlus is great for emergency cases, as it requires no physical presence and can be done in 15 minutes. They offer honest interest rates that are lower compared to other apps.

9. KCB M-Pesa

Best 13 Loan Apps in Kenya in 2023 - KCBMpesa

I believe Safaricom set the ball rolling for mobile loan Apps, and KCB, in partnership with M-Pesa, came up with a solution. The KCB MPesa loan solution is tied to your Safaricom sim card and the Safaricom App.

In my opinion, they have the cheapest interest rates in the market.

10. Mshwari

Best 13 Loan Apps in Kenya in 2023 - Mshwari

We 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. Your loan limit can be increased depending on how you keep on Mshwari and how you repay your past loans.

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