20 Best Loan Apps in Kenya for Instant Loans in 2023

Discover the top 20 loan apps in Kenya for genuine instant loans. User-friendly interfaces, competitive rates, and flexible repayment terms make these apps a reliable solution.

Aug 9, 2023 - 11:00
Aug 9, 2023 - 11:14
20 Best Loan Apps in Kenya for Instant Loans in 2023
20 Best Loan Apps in Kenya for Genuine Instant Loans in 2023

In recent years, mobile money has revolutionized lending in Kenya, providing easy access to instant loans without requiring extensive paperwork or credit checks. Kenyans have embraced the convenience of loan apps, which offer quick approval and disbursement processes. These loan apps can be a reliable solution if you need emergency funds. This article will explore Kenya's 20 best loan apps for genuine instant loans in 2023. These apps have gained popularity due to their user-friendly interfaces, competitive interest rates, and flexible repayment terms.

Quick Summary Of 20 Loan Apps in Kenya for Genuine Instant Loans

No. Loan App Key Features Interest Rate Loan Limit Repayment Period
1 Berry - Low-cost instant mobile loans in Kenya 8-15% Up to Ksh. 50,000 Flexible
2 Tala - No CRB check Good ratings and massive downloads 7-19% Varies 21-61 days
3 Safaricom's Mpesa app - Mobile loan services
- Section: Mshwari for savings and borrowing
- Section: Fuliza for credit
Varies Varies Varies
4 KCB mobile loans - Loans available through the KCB app and KCB Mpesa
- Multiple loan requests per day
Varies Varies Varies
5 Timiza - Access to numerous banking services via app Varies Varies Varies
6 Branch - No CRB check
- Loans approved within 24 hours
14.57% Up to Ksh. 70,000 Varies
7 Shika - Loans tailored for startups in agriculture, asset finance, and invoice discounting Varies Varies Varies
8 iPesa - Loans from Ksh. 500 to Ksh. 50,000
- No service fees
12% Up to Ksh. 50,000 91-180 days
9 Zenka - First loan interest-free
- Loans disbursed in less than five minutes
Varies Up to Ksh. 30,000 61 days
10 Zidisha - Non-profit lending platform
- Loans from independent lenders
Varies Up to Ksh. 10,000,000 Varies
11 Okash - Personal and business loans
- Loan limit based on credit score
Up to 24% Up to Ksh. 500,000 Varies
12 Eazzy - Instant loans within 24 hours
- Loan limit up to Ksh. 3,000,000
2-10% Up to Ksh. 3,000,000 Up to 12 months
13 Utunzi - Personal and business credits
- Repayment period of 91 days to 36 months
12% Up to Ksh. 1,000,000 91 days-36 months
14 Zash - Loan amounts from Ksh. 800 to Ksh. 50,000
- Repayment tenor of 91 days to 120 days
Varies Up to Ksh. 50,000 91-120 days
15 HF Whizz - Trusted lender
- Downloadable app
- Registration details protected
7.725% Up to Ksh. 50,000 30 days
16 Saida - Serves M-Pesa and Airtel Money users
- Loan disbursement based on M-Pesa transaction messages
Varies Varies Varies
17 Haraka - Emergency loans
- Rewards for good credit scores
23.45% Up to Ksh. 5,000 7-30 days
18 MCo-op cash - Loans for Co-operative Bank account holders
- Loans up to Ksh. 200,000 or 2.5 times net salary
Varies Varies Varies
19 Apesa - Quality customer service
- Loans up to Ksh. 50,000
Varies Up to Ksh. 50,000 Varies
20 KashPlus - Reliable loan app
- Loans from Ksh. 2,000 to Ksh. 50,000
16% per year 91-365 days Varie

1. Berry: Low-cost instant mobile loans in Kenya

1. Berry: Low-cost instant mobile loans in Kenya

Berry is a unique mobile money-lending app that offers low-cost instant mobile loans in Kenya with flexible repayment schedules. With Berry, you can download the app from the Google Play Store and register to access loans. The initial loan amount on Berry cannot exceed Ksh. 500, but as you continue to use the app, the loan limit gradually increases to Ksh. 50,000. The service fee for these loans ranges from 8% to 15% of the principal loan amount.

2. Tala: Quick loans without CRB checks

Tala is among the best loan apps in Kenya that do not require CRB checks. It has gained massive popularity and good ratings from users. To access a loan from Tala, download the app from the Google Play Store, follow the registration process, and wait for your loan to be deposited into your M-Pesa account. Tala offers the flexibility to repay the loan once or in installments using Mpesa Xpress or Paybill number 851900.

READ ALSO: Okash Loan App Download 2023

3.Safaricom's Mpesa app: Mobile loan services

Safaricom's Mpesa app is one of Kenya's most widely used mobile loan services. It offers a section called Mshwari, a banking service for savings and borrowing money. Mshwari differs from Safaricom's Fuliza, which is purely for credit services. By saving on Mshwari, you can earn annual interest from 3% to 6% based on the amount saved. Loans on Mshwari start from Ksh. 100, and your credit history determines your maximum loan limit. It's important to note that you can only access M-Shwari loans if you have a Safaricom line.

4. KCB mobile loans: Convenient loans via mobile apps

The Kenya Commercial Bank (KCB) offers mobile loans through its KCB M-Pesa service affiliated with Safaricom. You can save money and borrow loans on both platforms using your phone. KCB M-Pesa allows you to request loans multiple times daily if you stay within your limit. To access KCB M-Pesa loans, use the M-Pesa menu on your phone's SIM toolkit or the KCB mobile apps.

5. Timiza from Absa Bank: Access to multiple banking services

Timiza is an app that Absa Bank Kenya Plc (formerly Barclays Bank Kenya Limited) allows users to access various banking services through their phones. These services include instant loans, money transfers, and purchase insurance. Even if you don't have access to the Timiza app, you can still register and apply for mobile loans from Absa Bank by dialing *848#.

6. Branch: Instant loans without CRB checks

The branch is among the loan apps in Kenya that do not require CRB checks. Registration is free, both within and outside the country. Through the Branch app, you can access loans ranging from Ksh. 500 to Ksh. 70,000 via smartphones. Loan approvals are usually done within 24 hours of application, and there are no hidden fees or charges for late payments or rollovers.

7. Shika: Credit apps with additional features

Shika is more than just a loan app; it also provides features for text messaging and delivers the latest news on various topics. Shika hosts several lenders who offer credit to clients. Loans on this app are tailored to suit startups in agriculture, asset finance, and invoice discounting.

8.iPesa: Flexible loans with increasing limits

iPesa is a loan app in Kenya that offers credits ranging from Ksh. 500 to Ksh. 50,000 for a period of 91 days to 180 days. The annual interest rate is 12%, and the app does not charge service fees. To access iPesa loans, download the app, register with your M-Pesa number, and request a loan. Timely repayments increase your loan limit, allowing you to borrow up to Ksh. 50,000.

9. Zenka: Borrower-friendly loan app

Zenka is a popular loan app among borrowers in Kenya. The first loan you borrow from Zenka is interest-free, with no service fees. You only repay the amount borrowed within the specified time, usually 61 days. To access Zenka loans, download the app from the Zenka website, fill out the application form, and register successfully. You'll receive the loan in less than five minutes.

10. Zidisha: Non-profit lending platform

Zidisha stands out as a non-profit lending platform in Kenya. It connects lenders to borrowers, allowing individuals to provide credit to others. To qualify for Zidisha credit, you must be employed or running a business, have an active Facebook account, a national ID, a registered Safaricom sim card, and a good credit history. The credit you receive comes directly from independent lenders, not the organization itself.

11. Okash: Personal and business loans

Okash offers personal and business loans ranging from Ksh. 1,500 to Ksh. 60,000. To access Okash loans, download the app from the Google Play Store, install it, and register. The loan limit and payment period are determined based on the personal details you provide during registration. The annual interest rate on Okash loans is 14%.

12. Eazzy: Instant loans from Equity bank

Equity Bank's Eazzy app provides instant loans within 24 hours of a successful application. Loans are disbursed to your Equity bank account, M-Pesa line, or Equitel sim card. You can access the loan through the Eazzy app or dialing *247#. The system determines the loan limit; you can borrow up to Ksh. 3 million. Repayment can be made over a flexible period of up to 12 months.

13. Utunzi: Mobile money credit platform

Utunzi is a credit app that serves M-Pesa users in Kenya. It offers personal and business credits ranging from Ksh. 300 to Ksh. 1,000,000. The repayment period varies from 91 days to 36 months, with a service fee of 12% and an annual account management fee of Ksh. 400.

14. KCB M-Pesa Loan

In conjunction with Safaricom, KCB bank offers affordable instant loans to active MPesa users. The loan can be accessed through the MPesa menu or by dialing *334# and selecting Loans and Savings. The loan ranges between Ksh: 1,000 to 1M and a one-time facility charge of 8.64%. The loan is payable within 30 days. The loan does not incur transaction charges when you send it from the KCB Mpesa account to your MPesa wallet.

15. Mshwari Loan

The CBA bank owns Mshwari. Mshwari has a feature where you can open an account through your phone and lock your savings to earn interest from 7% p.a. Mshwari charges an interest rate of 7.5% p.m. on your loan, and you can borrow from Ksh—100 to a maximum depending on your repayment history and saving ability.

16. Timiza Loan App

An app from ABSA Bank that brings mobile banking services into your hands. Timiza attracts a monthly loan charge of 6.08% (interest plus facilitation fee). You can borrow from Ksh. 50 to Ksh. 100,000, depending on your CRB score and credit history. Your loan limit rises quickly as you borrow and repay the loan in time.

17.Mco-opCash Loan

A product of the Cooperative Bank of Kenya that offers flexible 1 to 3 months instant loans to salaried employees. It also offers up to 6 months of business loans to business owners in Kenya. For salary advance loans, your salary must be passed through Cooperative Bank to qualify for the loan. McoopCash's one-off interest rate of 8% for one, 10% for two months, 12% for 3 months, and an insurance fee of 0.034% p.m. These are deducted immediately from the loan before being disbursed into your MCoop Cash mobile account.

18. Branch Loan App

You can access up to Ksh—70,000 on this international mobile loan app. You will not incur late charges or rollover fees with the Branch mobile loan app. Interest rates for this platform are 14.57% for Ksh—500, which gets lower with higher loan amounts.

19. Tala Loan App

Tala has a flexible payment period of 21 days to 61 days. Tala's interest rates range from 7% to 19% for a 30-day loan and 5% to 14% for a 21-day loan. You can easily qualify for an instant loan by answering basic questions about your financial status. Once approved, the loan is sent directly to your MPesa account.

13. Zenka Loan App

Zenka is one of Kenya's best mobile loan apps that allows you to apply for a 61-day instant loan at a one-time processing fee of 9 to 30%. Zenka has a zero-interest offer to first-time users of the app. Your loan limit can vary from Ksh. 500 to Ksh. 30,000. The Zenka Flexi option allows those with good credit and payment histories an option to repay their loans for up to 12 months.

READ ALSO: LetsGo Cash: Applying for Loan Via App and USSD, Interest Rates, and Contact Numbers


In conclusion, these 20 loan apps in Kenya provide convenient access to instant loans for individuals and businesses. They offer competitive interest rates, flexible repayment terms, and user-friendly interfaces. Whether you need emergency funds or looking to grow your business, these loan apps can be a reliable source of financing. Remember to choose the app that best suits your needs and financial situation. With the convenience of mobile money, getting instant loans in Kenya has always been challenging.

Disclaimer: The information provided in this article is for informational purposes only. It is recommended to conduct thorough research and exercise caution when using loan apps. Borrow responsibly and ensure timely repayments to maintain a good credit history.

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Joseph Richard Joseph is a graduate of Mathematics and Computer Science (Applied Option). With expertise in Technology and Finance, he brings his knowledge to the field, demonstrating an authoritative understanding of these interrelated areas. Joseph is pursuing a Master's in Software Engineering, further expanding his skill set.