Download Zenka loan app, register, apply and repay loan

Zenka Loan App: How to Apply and Repay Loan by App and USSD

Zenka Loan App Kenya, a product of Zenka Finance, is one of the fastest-growing mobile loan apps in Kenya with over 1 million downloads by the time of writing this article. Getting a mobile loan from Zenka is very easy, unlike some mobile loan apps which take you through so many steps only to be told you do not qualify for a loan.

You can download the Zenka loan app from the Google Play Store, for Android users, or App Store for iPhone users, and follow simple steps to register and start applying for your first zero-interest loan.

You can even access the Zenka Loan services by dialing the USSD code *841#, particularly if you do not have a smartphone or internet connection.

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Zenka Loan App Offers

Zenka loan app first-time users have access to 0% cost-free loan repayable in 61 months. This means if you borrow Ksh. 1,000, you only pay back what you borrowed, which is Ksh. 1,000.

Download and install Zenka loan app

Thereafter, you will pay Zenka loan one-time processing fee of 9% to 39% on your next 61 days loan.

The loan app also has a referral promotion program where you invite friends to download and install the app and you earn up to Ksh. 300 credit on each first loan they repay.

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Zenka loan app users can borrow from Ksh. 500 to Ksh. 20,000 with the possibility of increasing the loan limit up to the maximum of Ksh. 30,000.

USSD code users can borrow from Ksh. 500 to Khs. 10,000.

Your loan limit depends on your credit history and the ability to repay the loan borrowed in time or early.

Zenka app interest rate, registration, promotion

How to Apply for a Loan Through Zenka Loan App

  • Download and install the Zenka Loan App Kenya from the Play Store
  • Open the app and grant it access to contacts, location, and SMS
  • To register, fill in some basic information like your first name, second name, ID number, education level, source of income, net income, email, etc.
  • Choose a security question and key in your answer
  • Enter a 4 digit pin that will act as your password
  • Read the terms and conditions and agree to proceed
  • Enter the verification code you have received on your phone and press done

Once you successfully register and are logged into the app, your loan limit and interest rate will be displayed on the app.

To apply for the Zenka loan:

  • Press on the Sign In menu
  • Enter your mobile number (one registered on Zenka) and press Next
  • Key in your PIN and press Sign In
  • Choose the loan amount you wish to apply
  • Select the repayment duration terms
  • Wait for some time for the Zenka Finance team to evaluate your application
  • If successful, you will receive your loan straight in your M-Pesa account.
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In case you forgot your PIN follow these steps:

  • Click Sign In and then enter your mobile number and press Next
  • At the top of the screen press on forgot PIN
  • Answer your Security Question and press next
  • You will receive a reset PIN through SMS
  • You can now sign in again but with the new PIN
  • If you want to change the PIN, click on Menu below the screen, My Profile, and then Change PIN.

How to Apply for Zenka Loan Through USSD

  • Dial *841# and enter your PIN to continue or select Register if not yet registered
  • Select Apply for loan
  • Read and Approve the Zenka loan terms and conditions
  • You will then see your loan limit on the screen
  • Select the loan amount and then approve it
  • You will receive the money straight in your M-Pesa

How to Repay Your Zenka Loan

One advantage of the Zenka Loan app is that you have the liberty of repaying the loan up to 61 days. You can even extend the loan at a rate dependent on the duration extended.

Repaying Zenka loan early improves your loan history and increases your loan limit. Late repayment attracts a 1% penalty on the outstanding amount for each day defaulted.

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You can repay your Zenka loan through the Business Number: 979988

To repay your loan follow these steps:

  • On your M-Pesa menu select Lipa na M-Pesa
  • Select Pay Bill
  • Enter 979988 as the Zenka pay bill number
  • Account number is the M-Pesa mobile number you registered with Zenka
  • Enter the loan repayment amount
  • Enter your M-Pesa pin
  • Confirm your details are Okay then Send

Zenka Loan App Permissions

In order to successfully get a loan from Zenka, you must grant the app access to your location, contact list, and SMS messages. These, the finance company says will help them know your financial history and enable them to set your loan limit.

Zenka loan currently supports only Safaricom users.

Zenka App Contacts

Location: Mirage Tower 2, 12th floor

P.O Box 29107-00100 Nairobi, Kenya

Mobile Number: +254 (020) 7650878



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