The Zenka Loan App is a popular way to get a loan in Kenya. It is made by a company called Zenka Finance and is one of the most downloaded mobile loan apps in Kenya. It’s very easy to check your loan limit and apply for a loan with the Zenka app. All you have to do is download the app from the Google Play Store for Android users or App Store for iPhone users, and complete a simple registration process.
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.
Paying back your Zenka loan early can improve your loan history and increase your loan limit. Late repayment incurs a 1% penalty on the outstanding amount for each day that it is overdue.
You can repay your Zenka loan through the Zenka Business Number: 979988.
To repay your loan follow these simple steps:
On your M-Pesa menu select Lipa na M-Pesa
Select Pay Bill
Enter 979988 as the Zenka pay bill number
The 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 Required
To be able to apply for a loan through the Zenka app, you must first allow the app access to your location, contacts, and SMS messages. This is according to the finance company, which states that this information is used to assess your financial history and determine your loan limit.
It’s important to note that currently, the Zenka app and its USSD only support Safaricom MPesa users.