Top 50 Apps for Mobile Loans in Kenya

Are you looking for mobile loans in Kenya? We have compiled a list of the top five loan apps in Kenya. Read on to know more about them!

Sep 2, 2022 - 09:37
May 15, 2023 - 12:12
Top 50 Apps for Mobile Loans in Kenya
Top 50 Apps for Personal Loans in Kenya

Kenya is experiencing a financial revolution. Thanks to the rise of mobile loan apps, access to credit has never been more convenient or efficient. This article will guide you through Kenya's top mobile loan apps in 2023, exploring their unique features, interest rates, repayment options, and eligibility requirements.

Kenya boasts more than 59 million active mobile subscriptions, reflecting more mobile phone owners than any other device. With the convenience and easy access to credit, more Kenyans are opting for mobile loan apps over traditional lenders such as banks and microfinance institutions.

 Mobile Loans: What Are They?

Simply put, a mobile loan is a loan you secure through your mobile phone. Loan apps primarily provide these loans, but some lenders also offer loans through Unstructured Supplementary Service Data (USSD). This communication technology sends text between a mobile phone and an application program in the network.

Key Features of the Best Mobile Loan Apps in Kenya

While each app has its unique offerings, here are some common features to consider when choosing a mobile loan app:

  1. Interest Rates: Most apps offer competitive interest rates, typically 1-1.5% monthly.
  2. Repayment Terms: Most apps provide flexible repayment options with varying periods, allowing you to repay at your convenience.
  3. Eligibility Criteria: Each app has unique requirements, the most common being a good credit score, mobile number, National ID, and an M-PESA account.

Pros and Cons of Mobile Loan Apps in Kenya

Like any financial service, mobile loan apps have their pros and cons. Understanding these will help you make an informed decision:


Quick and easy loan access without tedious paperwork or waiting periods.

Flexible repayment terms.

Ideal for small emergency loans.


  1. Higher interest rates compared to traditional banks.
  2. Some apps may need more terms and conditions.
  3. Limited loan amounts, which may not cover significant expenses.
  4. Possible hidden charges, including loan processing or service fees.
  5. Strict eligibility requirements and potentially poor customer service.
  6. Privacy concerns as some apps access personal data on your phone.

The Best Mobile Loan Apps in Kenya

Here are some of the top mobile loan apps in Kenya, categorized by their providers:

Mobile Loans offered by Safaricom:

  1. Fuliza
  2. Mshwari
  3. KCB M-Pesa

Mobile Loans offered by Banks:

  1. Timiza – By ABSA Bank
  2. NCBA Loop
  3. HF Whizz
  4. Eazzy App by Equity
  5. KCB Vooma Loan
  6. PesaPap Wallet Loan by Family Bank
  7. MCo-Op Cash by Co-op Bank

Loan apps downloaded on Google Play:

  1. Branch Loan App
  2. Tala Loan App
  3. Okash Loan
  4. Zenka Loan

Each app offers unique features and options, so be sure to research to find the one that suits your needs best.

50 Best Mobile Loan Apps in Kenya

  1. Tala
  2. Branch
  3. Okash
  4. Timiza
  5. Fuliza
  6. Haraka
  7. Zenka
  8. Hustler Fund
  9. Shika
  10. Stawika
  11. Mshwari
  12. MCo-opCash
  13. Pesa Pap
  14. KCB Mpesa
  15. KCB Vooma
  16. NCBA Loop
  17. Letshego
  18. Zenka
  19. Utunzi
  20. Zash
  21. Saida
  22. KashPlus
  23. Berry
  24. Zidisha
  25. HF Whiz
  26. Kwik Cash
  27. M-Kopa
  28. M-Shwari Plus
  29. M-Pesa Fuliza
  30. KCB M-Pesa Plus
  31. Equity Bank Eazzy App
  32. Co-operative Bank MCo-op Cash
  33. Absa Bank Timiza
  34. Family Bank PesaPap
  35. NCBA Bank Loop
  36. DTB Bank MyDTB
  37. GT Bank G-Tuna
  38. Stanbic Bank Stanbic App
  39. Chase Bank Chase Mobile
  40. Bank of Africa BoA M-Kesho
  41. Ecobank Ecobank App
  42. First Community Bank First Community App
  43. NIC Bank NIC App
  44. Diamond Trust Bank DTB Bank App
  45. Family Bank Family Bank App
  46. KCB Bank KCB App
  47. Equity Bank Equity App
  48. Co-operative Bank Co-op App
  49. Absa Bank Absa App
  50. Stanbic Bank Stanbic Mobile App

READ ALSO:  Top Apps and Services for International Money Transfer from Kenya


We hope this article has given you the valuable insight necessary to take advantage of the financial revolution mobile loan apps are bringing to Kenya. Using technology to your advantage, you can secure the funds you need when you need them without the limitations of traditional lending institutions.

Finally, be cautious about the information you provide to these apps. Privacy and data protection are paramount, and you should only use trustworthy applications that respect your privacy rights. Doing so can secure the funds you need while maintaining peace of mind regarding your personal information.

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.