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Below are List of best loans app in Kenya
Safaricom’s Mshwari
Mshwari is a Kenyan mobile loan service that is frequently used. It’s not just a lending platform; it’s also a paperless banking solution that lets users save as well as borrow. Mshwari offers a 6.65% annual interest rate on money saved.
KCB M-Pesa
Although operated by the Commercial Bank of Kenya, Safaricom is linked with this mobile loan service. You can save and borrow with KCB M-Pesa. You must have a Safaricom sim card in order to use KCB M-Pesa using the M-Pesa menu on your phone. Top-up is a KCB M-Pesa function that allows you to request a loan several times as long as your limit has not been surpassed.
Tala
Tala is accessible at the Google Play Store and you can register and start to access mobile loans quickly in Kenya after you have downloaded the app. For your account to be authenticated you must give your data.
It’s offering personalized loans based on your digital history of credit. Here the credit may be tracked through My Tala Status and you can refund all the amounts in one time or partially. You can pay back your loan with Mpesa Xpress or with paybill 851900.
Jazika
Jazika provides rapid funding at any time and from any location. You have credit if you have an M-Pesa line and submit a request based on your recommendation. Before the money is disbursed, fill out the standard application form and wait for officials to verify your information. Through the paybill number 687035, credits can be reimbursed as a lump payment or in instalments.
ipesa
Credits range from Ksh. 500 to Ksh. 50,000 on the iPesa lending app. The smallest credit term is 91 days, while the longest is 180 days, giving you plenty of time to clear your debt. Their interest rate is 12%, and there is no service cost. After you’ve downloaded the app, log in with your M-Pesa number and place an order for the precise amount you require. Kenyan shillings are your credit limit. 50,000 if the loan is repaid on time
