Top 15 Best Instant Loan Apps in Kenya (2024)

There are many instant loan apps in Kenya that give fast loans without collateral and paperwork to individuals and businesses. Are you in dire need of money and you are searching for the best loan app in Kenya to get an instant loan? You have gotten the right article to guide you through numerowus instant loan apps in Kenya.

Best Instant Loan Apps in Kenya

With the advent of technology, getting loans from different lending apps within minutes has become easier. Most of these loan apps in Kenya require you to download the apps, fill in the necessary details and you will be granted an instant loan. Unlike traditional banks which require a lot of time and effort, securing a loan is easier with these apps.

Therefore, with this guide, you will be able to secure a loan from one of the best loan apps in Kenya without a registration fee. That being said, let us get into the list of mobile loans and apps in Kenya you can get started with.

In no order of priority, below is the list of the top best loan apps in Kenya

Tala Loan

Ever heard of Tala Loan? It is currently the best loan app in Kenya and one of the oldest. The lending loan app can be downloaded on Playstore. You can obtain as high as Ksh. 30,000 from the loan app within 5 minutes of application depending on your digital credit score.

Tala Loan which was recently rebranded from Mkopo Rahisi gives loans to both individuals and businesses at an interest rate of 15% depending on the amount. To get started, download the app from Play Store and create an account with them.

Branch

The Branch Loan app is one of the best loan apps in Nigeria and many other African countries like Tanzania and Kenya. The international lending platform gives fast loans to Kenyans through M-Pesa. You can get as high as Ksh. 70,000 from the app depending on your credit score.

All you need to do is to download the app from the Play store, create an account and verify if you qualify for loans.

Mshwari

Next on our list of top best loan apps in Kenya is the Mshwari, a Safaricom loan app. With over 7 years of services, the loan app in partnership with NCBA Bank distributes loans via the phone.

To qualify for Mshwari mobile loan services, you need to be an M-Pesa user for at least 6 months. With Mshwari, you can obtain a loan as low as Ksh. 5000 and as high as Ksh 50,000. Mshwari gives short loans for 1 month with an interest of 7.5% per month depending on the amount. Apart from loans, you can buy data and airtime, and perform other M-Pesa services on Mshwari.

Timiza Loan

Here is another top instant loan app in Kenya with a low-interest rate. Timiza Loan app is an online lending app that is owned by ABSA group (previously Barclays Bank). The local bank as a result of technological advancement gives loans out via app to both their customers and non-customers.

Are you in dire need of funds? You can borrow instant loans from the Timiza loan app and pay within 30 days. To access up to Ksh 150,000, download the app from Playstore and register or dial *848# on your mobile phone.

Okash

Like Branch, Okash is another international loan app in Kenya without a registration fee. The lending app which was created using Opera software provides loan services to different African including Kenya and Nigeria.

It is quite popular for providing fast loans in Kenya. With the Okash app, you can borrow as high as 100,000 instantly depending on your credit score. Want to borrow money from Okash, head to the Google Play store to download the app and get started.

Zenka

Zenka is also one of the best loan apps in Kenya with low-interest rates. The lending platform gives its first-time user free loans without interest and subsequent loans are charged an 11% loan fee depending on the amount borrowed.

With the Zenka app, you can obtain an instant loan between Ksh. 500 to 20,000. Also, there is a flexible time for repayment as you can repay the loan within 61 days.

MCo-op Cash

The list of the top best loan apps without mentioning MCo-op Cash, a Kenyan cooperative bank that gives fast loans. With MCo-op Cash, you can borrow up to 200,000 if you use Airtel or M-Pesa. Apart from borrowing loans, you can buy airtime, data, and other via the platform.

HF Whizz Loan

Like the MCo-op Cash app, HF Whizz Loan is also one of the leading platforms in Kenya that offer loans to individuals and businesses. You can download the HF Whizz Loan app to get started.

Furthermore, you can perform other transactions on the app apart from borrowing instant loans. Some of those transactions include saving, buying airtime, bill payment, and so on.

Zidisha

Ever heard of Zidisha? It is one of the best loan apps in Kenya without a registration fee. The international lending platform was established in 2002. With a good credit score and national ID, you can borrow instant loans from Zidisha. All you need is to download the Zidisha loan app on Playstore to create an account and apply for a fast loan.

Berry

Berry is also one of the top best loan apps in Kenya that gives fast loans without collateral or paperwork. The mobile lending platform gives up to Ksh. 50,000 with an 8 to 15% interest rate and a flexible repayment plan depending on your credit score.

Do you need an emergency loan, you can get an instant loan from Berry. Download the Berry loan app on Playstore to get started.

Ipesa

Similarly, Ipesa is one of the best loan apps in Kenya with little interest loans. Are you searching for instant loan apps in Kenya, Ipesa can borrow between Ksh 500 to Ksh 50,000 depending on your credit report.

Apart from that, the Ipesa loan repayment schedule is flexible as you can repay with little interest of 12% between 91 to 180 days. Visit your Google Play store to download the Ipesa app and register your number to get an instant loan.

Shika

Unlike many other loan apps in Kenya, the Shika loan app is created to fund startups and small businesses in Agriculture, Finance, Accounting, and so many other sectors.

Are you a startup business looking for funds, you can seek instant loans from the lending platform. To get started, you can download the app from the Google Play store and create an account.

KCB M-Pesa

In addition, KCB M-Pesa is one of the most popular and best instant loan apps in Kenya. Like Mshwari, KCB M-Pesa is one of the Safaricom loan apps. The lending platform offer loan to subscribers through M-Pesa. You can obtain up to 100,000 instant loans on KCB M-Pesa at a low-interest rate of 3.6% depending on your credit score.

All you need to apply for this loan is your mobile device, your registered M-Pesa number, and the loan app. Visit the Playstore to download the app and register or dial *844# to obtain your loan.

Jazika

Jazika is another loan app in Kenya that offers instant loans with little interest rates. Like many loan apps in Kenya that we have mentioned, it uses M-Pesa to distribute loans. You can get as high as 100,000 with the Jazika app depending on your credit history. All you need to do is to fill out the form after installing the app and your loan will be credited instantly.

Kash Plus

Ever heard of Kash Plus? It is one of the most reliable and best instant loan apps in Kenya. The lending platform gives loans to businesses and individuals at low-interest rates of 1.3% per month and 16% per year.

Kash Plus gives both short-term and long-term loans. You can obtain as high as Ksh 50,000 and pay within 91 days to 365 days. Are you in dire need of funds for personal use, visit Playstore to download the Kash Plus app and get started.

FAQs

Which is the best loan app in Kenya?

There are many top best loan apps in Kenya with little interest rates and flexible repayment plans. It all depends on each user to pick the best but the above list will be helpful in picking one.

Which App gives Loans faster?

Branch, Tala Loan, Jazika, Okash, Ipesa, and many other loan apps on our list give instant loans provided you meet their requirements.

How can I get a 50,000 instant loan in Kenya?

Most instant loan apps do not give many loans at first to prevent loss. You have more chance to borrow that higher when you build your credit score. Although, you may be offered a huge amount depending on your credit score.

How can I get a quick mobile loan in Kenya?

To get an instant loan in Kenya, download any of the above-mentioned apps and install them on your phone. Register an account and apply for a loan. If you meet the requirements, you will be credited instantly.

Best Loan Apps In Kenya

There are many loan apps in Kenya with different terms and conditions. We have taken our time to select the best out of the numerous instant loan apps available. We advise you to take your time to go through any of the mentioned apps before taking the loan. Also, ensure you do not borrow more than you can repay to avoid destroying your credit score.

What other instant loans apps in Kenya do you think we miss on our list?