Mobile loan apps offer convenient and flexible loan options directly on your phone especially if you have an emergency and need quick cash to help you get through. This guide explores the top 15 best loan apps in Kenya that offer instant M-Pesa loans and flexible repayment terms.

Remember, borrowing responsibly is crucial. Always read the app’s terms and conditions carefully, including fees and interest rates. Only use trusted apps and be cautious about sharing your personal information online.

Top 15 Best Mobile Loan Apps in Kenya

Before we dive into the list of the best genuine and reputable loan apps in Kenya, here’s a quick comparison of their key features:

App Loan Range Interest Rate Repayment Term
KCB M-Pesa Ksh 1,000 – 1M 8.85% one-time fee 30 days
Branch Up to Ksh 70,000 14.57% (lower with larger loans) Varies
Tala Ksh 500 – Ksh 30,000 7% – 19% (30 days), 5% – 14% (21 days) 21 – 61 days
Zenka Ksh 500 – Ksh 30,000 9% – 30% one-time fee 61 days
M-Shwari Ksh 100 – varies 7.5% p.m. one-time fee Varies
Timiza Ksh 50 – Ksh 100,000 7.283% p.m. one-time fee Varies
Mco-opCash Varies (salaried employees) 8% – 12% one-time fee 1 – 3 months
Eazzy Loan Ksh 100 – Ksh 200,000 2% – 10% 30 days
Berry Loan Ksh 500 – Ksh 50,000 8% – 15% 91 or 180 days
Stawika Ksh 500 – Ksh 70,000 7% – 21% Varies
Hustler Fund Up to Ksh 50,000 8% 14 weeks
Okash Ksh 1,500 – Ksh 500,000 14% – 16.8% Varies
HFC Whizz Ksh 1,000 – Ksh 50,000 7.725% 30 days
UbaPesa Ksh 500 – Ksh 70,000 8% – 14% Varies
iPesa Ksh 500 – Ksh 50,000 36% ( depends on credit profile) 7 – 180 days

Take note that interest rates and fees may change, therefore always check the app’s latest information before applying.

In no particular order, here are the best loan apps in Kenya that come with the convenience of borrowing instantly and repaying in flexible terms:

1. KCB M-Pesa Loan App

KCB M-Pesa open savings account and borrow loan

KCB M-Pesa offers convenient access to funds. You can borrow directly through the M-Pesa menu or *334# USSD code. You can borrow from Ksh 1,000 to Ksh 1 million (if eligible) a one-time facility charge of 8.85% repayable within 30 days.

There are no extra transaction fees, which makes KCB M-Pesa very transparent.

KCB M-Pesa tailors its high loan limits to your creditworthiness, so you can access a larger sum if you have a good credit history.

2. Branch Loan App – Best app in Kenya with no penalties

Branch app offers instant loans and does not charge late fees or rollovers. This reliable mobile app offers instant loans up to Ksh 70,000, delivered straight to your M-Pesa.

But here’s the catch: While Branch lets you avoid penalty charges, their interest rates can be higher than other options. The starting rate is 14.57% for a Ksh 500 loan, but it decreases as you borrow more.

Here’s what makes Branch unique:

  • Fast Approvals: Get your loan within minutes.
  • No Late Fees or Rollovers. You won’t be penalized for late payments.
  • Flexible Repayment: Choose a repayment plan that fits your budget.
  • Lower rates for larger loans.

3. Tala – Best for quick approval

Tala loan app, register, apply, repay loan, interest rates, increase limit.

If you need a small loan at a low interest rate Tala is your best bet. Tala mobile app offers instant loans up to Ksh. 50,000 with flexible repayment periods ranging from 21 to 61 days. Come with attractive interest rates starting at 5% for a 21-day loan.

But take note that while the starting rate is low, it can jump to 19% for a 30-day loan.

Here’s what makes Tala unique:

  • Fast approvals: Get a decision within minutes.
  • Direct M-Pesa deposit: Receive your loan instantly in your M-Pesa account.
  • Multiple repayment options: Choose a term that fits your budget.

4. Zenka – Best loan app for good offers

Zenka is one of the best loan apps in Kenya that offers quick emergency loans. Zenka offers loans ranging from Ksh 500 to Ksh 30,000 and payable within 61 days.

Here are the notable features of Zenka

  • Zero-interest first loan: Borrowers new to the app enjoy interest-free borrowing on their first loan.
  • Flexible repayment: The Zenka Flexi option allows longer repayment periods (up to 12 months) for those with good credit history.
  • Straightforward process: Apply quickly and receive your loan directly in your M-Pesa account.

5. M-Shwari App – Best for saving

Save & Borrow on the Go with Safaricom & NCBA. M-Shwari not only allows you access to instant loans but also to lock savings and earn interest on your funds.

You can borrow from Ksh 100 to your personalized limit based on your saving habits and loan repayments. You can conveniently manage everything through your M-Pesa menu or app.

6. Timiza Loan App

Timiza app is owned by ABSA Bank Kenya. Timiza stands out with its transparent one-time fee of 7.283% per month ensuring you receive the full loan amount without upfront deductions.

Timiza is among the best loan apps in Kenya that give instant loans without deducting upfront fees. You get exactly what you borrow. Here’s what makes it interesting:

  • You can borrow as low as KSh. 50 up to a limit depending on your creditworthiness.
  • The fees are transparent allowing you to know exactly what you’re paying. This is a single fee covering interest, facilitation, and excise duty.
  • No upfront deductions. You receive the full loan amount in your Timiza wallet.
  • You can build your limit and unlock higher loan amounts with timely repayments.

7. Mco-opCash App – Best loan app in Kenya for flexibility

Mco-op cash mobile loans, how to apply

Mco-opCash by Cooperative Bank offers flexible loan options for salaried employees and business owners in Kenya. Salaried employees can borrow instant loans repayable from 1 to 3 months. Interest rates vary from 8% for 1 month, 10% for 2 months and 12% for a 3-month loan.

Business owners can access loans repayable up to 6 months.

8. Eazzy Loan

Equity Bank’s Eazzy Loan offers convenient mobile loans with flexible options. You can borrow from Ksh 100 to Ksh 200,000 for 30 days. at competitive interest rates between 2% and 10%,  lower than some competitors.

The Eazzy Plus option allows you to access larger loans up to Ksh 3,000,000 with longer repayment terms of up to 12 months.

The Eazzy loan app is convenient allowing you to apply and manage your loan through your phone or Equity Bank channels.

9. Berry

Berry Loan App stands out with competitive interest rates (8% – 15%) and flexible repayment terms (91 or 180 days).

What to note about Berry

  • Lower interest rates: More affordable than some competitors.
  • No processing fee: Saves you extra charges on top of the interest.
  • Flexible repayment: Choose between 91 or 180 days to repay, depending on your needs.
  • Access loans from Ksh 500 to Ksh 50,000 based on your financial history.

10. Stawika Loan App – Best for quickest loans

Download Stawika loan app and get loan in 5 minutes

Stawika offers emergency loans within 5 minutes, potentially making it a quick solution. Here’s what you need to know:

Here’s what makes Timiza unique

  • Speedy approvals: Get a decision fast if you meet eligibility requirements.
  • No processing fees: Save extra charges on top of your loan.
  • Borrowing range: Access loans from Ksh 500 to Ksh 70,000.
  • Interest rates vary between 7% and 21%.

11. Hustler Fund

The Hustler Fund offers affordable loans (7% interest) with flexible repayment (6 months) for Kenyan citizens. Here’s what you need to know:

  • Eligibility: Kenyan ID and registered with M-PESA, Airtel Money, or Tkash.
  • Activate: Dial *254# on your Safaricom, Airtel, or Telkom line.
  • Start small: Initial limit is low, but increases with frequent and timely repayments.
  • Maximum limit: Varies based on creditworthiness.

12. Okash

Okash offers loans to Kenyan citizens with the opportunity to increase their borrowing limit from Ksh 1,500 to Ksh 500,000 as their credit score grows.

Here’s what you need to know:

  • Eligibility: Kenyan citizen with valid ID and mobile money account.
  • Loan amounts: First-time borrowers start with Ksh 1,500 to Ksh 30,000, increasing with good repayment history.
  • Interest rates: APR ranges from 36.5% to 360%, calculated daily based on loan amount and duration. Shorter loans have lower interest rates than longer ones.
  • Repayment terms: Varies depending on chosen loan amount and interest rate.

13. HFC Whizz App

Need a quick loan? HFC Whizz offers convenient loans for both Android and iOS users. You can access amounts from Ksh 1,000 to Ksh 50,000 with a competitive interest rate of 7.725%. The loan is payable within 30 days.

Th app is fast and easy to use and allows you to open a target savings account where you can save and earn interest on your money.

14. UbaPesa

UbaPesa lending and borrowing app

Ubapesa connects lenders and borrowers directly, offering an alternative to traditional loan apps. Ubapesa is special to borrow or lend cash and earn interest.

Here’s what you need to know about the app:

  • Peer-to-peer model connecting borrowers and lenders.
  • Access loans from Ksh 500 to Ksh 70,000 depending on your CRB score.
  • Fast approvals.
  • Instant access: Borrowed funds are credited directly to your M-Pesa.
  • Rates range from 8% to 14%.
  • You can borrow a loan repayable within a day or up to 30 days.

15. iPesa Loan App

Need a quick loan? iPesa offers instant options from Ksh 500 to Ksh 50,000, which is higher than some apps.

The interest rate starts as high as 36% but gets lower as you continue to borrow and build trust with iPesa. The loan is repayable within 7 days.

Conclusion on Best Loan Apps in Kenya

The above list of reliable mobile apps in Kenya can give you money fast, but remember:

  • You’ll pay interest and fees, so compare apps before choosing.
  • Only borrow what you can truly repay on time. Missing payments hurts your credit and adds extra charges.
  • Read the fine print! Watch out for hidden fees and understand all the terms.
  • Don’t trust unrealistic promises. Do your own research and compare rates.
  • Some apps offer USSD access, but it might have fewer features than the full app.

Disclaimer: We are not affiliated to any of the above loan apps. Do your due diligence before borrowing and borrow only what you can afford to repay.