Best Loan Apps In Kenya In 2022

Over the years, technology has done wonders that seemed impossible to many long before the internet was born. Through such initiatives, applications and websites have been created, which have proven their usefulness to humanity. This guide reviews some of the Best Loan Applications that should be in the Know. Read to the end to find out More.

Best Loan Apps In Kenya In 2022
Best Loan Apps In Kenya In 2022

The number of people using Mobiles phones in the country has ever been on the rise. According to the 2022 Economics survey released by the Kenya National Bureau of Statistics, mobile money subscribers rose by 8.5 percent to 35.2 million. This is a good indication of how Kenyans are willing to embrace technology. The same number also applies to several Kenyans who have been willing to seek digital loans.

In the past, before digital transformation, one would need to walk for long hours to the nearest Banking Institution to get a loan. However, with the Dynamics of various technologies, the same process can be achieved in seconds, thanks to various Loan applications. This Masterpice reviews the best 10 Legit Applications that will make your life easier. 


XiSoft technologies manage the service. Kopesha is the fastest Loaning platform in Kenya that provides loans through M-pesa. For this Particular Loaning application, you must meet all their criteria before being awarded the loan. The loan disbursed will only range from Ksh( 499 to 50,000). Depending on the amount borrowed, you will be charged a 26% interest rate during repayment of the loan and a service fee between Ksh 85 and Ksh 99 


CreditMoja is a popular loaning service in the country managed by CreditMoja LTD. The service has its website whereby they explain who they are and give the Link to their Google Playstore Application. Upon registration, you will be given a loan from Ksh 2500 to Ksh 50,000. The loan agreement lasts for a period of between 91 to 180 days. You will be charged an interest of somewhere between 10% and 50%(PA). However, note that CreditMoja gives loans to users 20 to 55 years old. 


 FairKash LTD manages the Application, which gives loans via Mpesa. The services offer between KES ( 2,000 to 50,000) loans disbursed immediately into the borrower's Mpesa account. The interest applied to your Loan Amount is 1.3 percent per month or 16 percent PA during the repayment procedure. The repayment period of your loan takes a maximum of one year. To repay the loan, go to your M-Pesa Menu>>Pay bill 4074255  and use your phone number as the account number to repay.


It is one of Kenya's most dependable mobile loans service. The sweetest thing about KCB M-pesa is that it can be easily accessed from your M-Pesa Menu or the New M-Pesa Application if you have one. You will be charged an interest rate of 8.64 percent and have a one-month repayment term once you have received the loan. 

How to use KCB M-PESA: 

  • Navigate to the M-PESA menu. 
  • Choose your debts and savings. 
  • Select KCB M-PESA from the drop-down menu. 
  • Choose your loans 
  • Make a loan request 
  • Type in the amount. 
  • Submit your M-PESA PIN. 


 Zenka App is one of the most versatile lending platforms on the market, offering Kenyans greater control over their finances. They have a straightforward registration and application procedure. Your loan will be sent directly to your M-Pesa account following an approval decision. Via the App, the Loan Limit is Ksh 30,000, while via USSD, the Loan Limit is Ksh 10,000. The loan term is between 61 and 180 days following registration, and the PA interest rate is Ksh 70.7 percent.

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 The Application is managed by Apesa Kenya Ltd manages. The platform only allows loans of between KES(500 to 8,000). With an annualized rate of 18 percent, the loans can be paid in 91 days or 365 days. After filing a settlement, the loans are automatically renewed. 


 The App provides fast loans ranging from Ksh 500 to Ksh 50,000, sent directly to your M-Pesa account. Three categories of Tala Loan Limit should be on the Know. The first is Bronze; for this category, the loan limit is between Ksh 500 to Ksh 4,999. The second level (Silver) ranges from Ksh5,000 and Ksh9,999. The final stage(Gold), which has a higher limit, ranges from Ksh 10,000 and Ksh50,000. The platform charges a flat service fee for each loan which ranges from 5% to 19%, depending on the number of days you are willing to pay. 


 Opesa is another popular service that had to be featured on this list. The only catch with the service is that it 0only gives its loans to Safaricom users from as little as Ksh 2500 to Ksh 60,000. The maximum loan repayment duration is one year, and the highest interest rate is 12 percent APR.

 Zash Loan 

Zasha is a very convenient loaning application in the country, especially for its emergency loan plans. The loan on this platform starts from KSH (500 to 50,000). The loan is allocated via M-Pesa, and the repayment period is up to a maximum of 365 days with a monthly interest rate of Ksh 2.08%. The  only catch with Zasha App is that it gives loans to individuals between 18 to 60 years old


The microlender gives loans ranging from Ksh 2000 to Ksh 50,000 instantaneously via Mpesa, and Lentech Corporation handles the software. The App charges a monthly interest rate of 1.3 percent, or 16 percent per year, with a one-year repayment period. There is no service fee. The only drawback is that the software displays advertisements.