List of Mobile Loan Apps in Kenya

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Mobile loan apps have transformed the lending industry in Kenya. Unlike Bank loans, which have a tedious process to follow through, mobile loans are instant and do not require any security.

Most loan apps tend to offer loans on a range of Sh500 to Sh100,000, while some go as far as Sh500,000. There are so many mobile loan apps currently in the market that you may get confused on which to trust. But, worry not. We will look at the top ten, which are not only believed to be legit but have fast, easy and convenient services.

Here is a list of Loan Apps in Kenya

  1. Okash Loan app
  2. Branch Loans
  3. CBA Loop
  4. Zenka Loan App
  5. Mshwari by Safaricom
  6. KCB Mpesa Loans
  7. Timiza from Barclays
  8. Tala Loans
  9. Haraka
  10. HF whizz
  11. Okoa Stima
  12. Zidisha
  13. Senti Loan App
  14. Saida Loan
  15. Ipesa Loan App
  16. Stawi Loan App
  17. Flashpesa
  18. Berry Loan app
  19. Shika Loan App
  20. mKey Loan app
  21. Berry

Here are the top 10 mobile loan app in Kenya


Branch is one of the established loan app in Kenya. It offers loans between Sh250 and Sh70,000.

With Branch, you will require first to download the app and create an account where you will then need to fill in your details such as original ID number and phone number, which should be Mpesa enabled.

What’s their loan interest rate? The interest rate depends on the loan payment schedule picked ie on the weekly installments by the due date. 

Zenka Loan App

Zenta is quite new in the country, but that should be a factor not to try it out. You can get a minimum loan of Sh500 and a maximum of Sh30,000, which should be paid back within 61 days. Zenta does not charge any interest rates on the first loan.

To get started, download the app, install it, and fill in the application form. You will then be allowed to request for a loan which will be processed and sent to you within minutes.

Mshwari by Safaricom

Mshwari offers its services through Mpesa. Here, you can borrow as little as Sh100 and have a repayment duration of 30 days.

The amount is charged a 7.5 % interest rate.

One awesome thing about Mshwari is that it has less requirements and can be accessed through your Safaricom app.

To qualify for a higher loan limit with Mshwari, repay loans in time and increase savings in your account.


Tala (formerly Mkopo Rahisi) was launched in 2014 and has been on the run ever since. Tala gives loans of Sh500 on the least side and Sh50,000 as the maximum. The amount borrowed is charged an interest rate of 15% and should be repaid as weekly installments for three weeks.

Tala requires you to first download the app and install it. Next, link the app to your Facebook account and fill in the application form. After this short process, you will be good to go and can apply for a loan. 

Okash Loan App

Okash is a subsidiary of the Opera group, the owner of the Opera mini browser. Just like most loan apps, Okash requires you to first download the app and install it on your phone. Fill in your details and submit it to them. Okash then determines the loan limit and the period over which you should repay the loan.

It’s worth mentioning that with Okash, you need to between the ages of 22 to 55 years and have a steady income to qualify for a loan.


Saida is another popular mobile loan app in Kenya. It offers a minimum of Sh600 and a maximum of Sh25,000 and charges an interest of 10%.

To get started with Saida, download the app, fill in the details, and wait for their response, which could take 3-7 days. If approved, you can start borrowing immediately.  

The loan will be sent to your Mpesa account and should be repaid within 30 days.

iPesa loan app

iPesa is quite new in the market. It brands itself as an Easy and Fast mobile loan App. The company gives loans ranging from Sh500 to Sh50,000 and a repayment period of 91 days to 180 days.

The service fee is free, while the loan interest rate is 12%. To get started, download the iPesa loan app and provide the required details. You will then be allowed to borrow the cash you need. 

KCB M-pesa

KCB, in collaboration with Safaricom, came up with KCB M-Pesa in 2015. The platform offers loans as little as Sh50 and raises the limit to a maximum of Sh1, 000,000.

To be eligible for a KCB Mpesa loan, you need to an active Mpesa user for a minimum of six months. Dial *844# and follow the prompts to activate your KCB-Mpesa account if not active.

Note that the loan services can be accessed through the Safaricom app or the KCB App. And every amount borrowed will be charged an interest fee of 7.5%.


Berry brands itself as a low-cost loan provider with flexible payment schedules. It charges rates ranging from 8 percent to 15 percent and requires one to repay the loan within 30 days.

To access the loan, download the app, register, and then apply for the loan. If approved, the requested amount will be sent to your Mpesa account within minutes.

If you want to repay the loan, use Mpesa and enter 977888 as the Berry’s loan app pay bill number.

mKey Loan App

mKey is also a new app in the mobile loaning industry and has recently been gaining popularity. The platform offers various financial services, including buying of airtime for Airtel, Safaricom, Equitel, Telkom, and even Faiba. It also allows the buying of goods and other pay bill services.

What’s more exciting with this loan app is that you can send cash to other mobile wallets like Mpesa, Airtel money & Equitel money.

There you go. You have the top 10 mobile loan apps in Kenya that offer superb loan services. Pick one, try it out and see for yourself.

Remember, repaying your loan in full and in time will save you from being listed negatively by CRB.

Have you been using a mobile loan app to acquire loans?

 How has the experience been?

Let’s discuss this in the comment section.


About Author

Anthony Kiratu is the Founder of Finsolutions. He is a financial analyst with over 5 years experience in research, investment advisory, valuation and financial modelling. Anthony is a member of the Institute of Certified Investment and Financial Analysts and Institute of Certified Public Accountants of Kenya. He is passionate about development of African Capital Markets through training of investors and dissemination of information for sound financial and investment decision making process. He is also a part-time lecturer in the Certified Investment and Financial Analyst course in the subjects of International Finance, Portfolio Management, Equity Investment Analysis, and Fixed Income Securities. Email: Contact: +254 780216631

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