Best Mobile Loan Apps in Kenya 2022

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best mobile loan apps

There are times when you just need a quick financial saving and these are some of the best loan apps that you can rush to.

These loan apps have different operation styles and so we can advise that you research on them widely, before using them.

This is because some have come under sharp criticism for some of their ‘harsh’ debt recovery styles.

1. Tala
This is the most popular loan service released on Mar 16, 2014 provided by Tala Mobile. It currently has a 4.7 star rating with and also 346K+ reviews and 5M+ downloads. They offer loan amounts ranging from KES 500 to KES 30,000 with flexible interest rates depending on the repayment duration. The interest rate fee charged for 21 days is 11% while for 30 days is 15%.

2. Branch
Another service it Branch released on Mar 19, 2015 by Branch International. It currently has a 4.7 star rating while enjoying 186K+ reviews and 5M+ downloads. Their loan amounts range is from KES 250 to KES 70,000 at interest rates of between 13% to 29%. They also offer a repayment period of 21 days and 30 days.


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3. Timiza
Issued by Barclays and began operation on Mar 15, 2018. It also has a 4.2 star rating with 10K+ reviews with 1M+ downloads. It offers loan amounts from as little as KES 50 to a maximum of KES 150,000. Has capped interest rates at 6.08% and repayment duration is usually 30 days.

4. Zenka
Zenka is a fairly new service but has managed to make it at number 4. Run by Zenka Finance and began operation on Nov 13, 2018. It holds a 4.2 star rating with 10K+ reviews and 500K+ downloads. Offers loan amounts ranging from KES 500 to KES 20,000. However,it has an interest rate fee of 29% repayable after 30 days.

5. Okash
Began operations on Feb 1, 2018 by OneSpot Technology Ltd. Since then it has garnered a 4.1 star rating with 45K review and 1M+ downloads. The least amount one can borrow is KES 2,500 while the highest is KES 50,000. It’s interest rates are dependent on the repayment period whereby the interest rate is 14% for 14 days ) and 16.8% for 21 days.

6. Opesa
Launched on Dec 6, 2018 by TK Ltd. It currently sits on a 4.1 star rating with 14K reviews and 1M+ downloads. They offer loan amounts of between KES 2,000 to KES 10,000 at 16.8% fee while the loans are repayable in 14 days.


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7. Stawika
Another service it Stawika, released on Jun 6, 2018 by a company called Stawika Capital Ltd. It has a 4.1 star rating with 13K+ reviews and 500K+ downloads. While it provides loans of between KES 500 to KES 50,000, the interest rate is 1% per day for 21 days.

8. Haraka
Haraka also ranks best since its release on Aug 24, 2014 and offered by Getbucks Pty ( Ltd ). The app however has a 4.1 star rating with 11K reviews and 500K+ downloads. But their loan amounts range from KES 500 to KES 50,000at an interest rate of 23.45% payable after 30 days.

9. Saida
Launched on Mar 17, 2015 by Greenshoe Capital INC. It holds a star rating of 4.0 while enjoying 9K+ reviews and 500K+ downloads. They offer a minimum amount of KES 600 to a maximum of KES 100,000. Their interest rate is highest at 15% but fluctuates according to one’s loan repayments and increasing loan limits. The loans are repayable after 30 days.

10. Okolea
Finally, we bring you Okolea. It is operated under Okolea International but began operation on Mar 22, 2017. It has a 3.9 star ratingand also prides in 6K+ reviews and 100K+ downloads. Its loan range is between KES 500 to KES 50,000 at flexible interest rates dependent on repayment duration. But it offers different interest rates, that is, 5% ( 2 days ) , 8% ( 7 days ) , 11% ( 14 days ) , 13% ( 21 days ) and 15% (30 days).


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