Absa Bank Kenya Plc (formerly Barclays Lender Kenya Restricted) is just one of the banking companies with cellular loan software from inside the Kenya

Timiza software lets users to view multiple financial services through the phones. The services is instant fund, currency transfers, and get insurance. Individuals who you should never availableness new Timiza app is dial *848# to register and implement to have cellular finance out-of Absa Lender.

six. Branch

Branch is regarded as mortgage apps during the Kenya in the place of CRB checks. Subscription is free of charge within and outside the country. One can availableness doing Ksh.70,one hundred thousand into the Department app via cell phones. Financing is approved within 24 hours out of app, there are not any invisible charges. Moreover, Part does not costs late costs otherwise rollover charge.

7. Shika

Shika is amongst the borrowing from the bank applications providing more than simply money. It offers different features to have txt messaging while offering the newest information on government, activities, enjoyment, etc. Shika app hosts numerous loan providers whom offer borrowing so you can customers. Finance with this software are designed to complement startups from inside the agriculture, advantage loans, and you may charge discounting.

8. iPesa

iPesa mortgage application has the benefit of credit regarding Ksh. five-hundred to Ksh. 50,one hundred thousand within this 91 days in order to 180 weeks. Their yearly interest rate was twelve%, and also the application doesn’t always have services charges. Install the newest iPesa app towards the cellular phone, do the installation, sign up to your own M-Pesa matter, and ask for that loan. Settling your credits promptly gradually expands your loan limitation in order to around Ksh. fifty,000.

nine. Zenka

Of a lot consumers into the Kenya like Zenka software. Your first loan is actually attract-free and has zero provider payment. You just pay-off extent your debt when you look at the specified big date, that is usually 61 months. You could down load the latest application to the mobile regarding the Zenka site. Once filling in the program and you can registering efficiently, might get the loan in under 5 minutes.

10. Zidisha

Zidisha is one of the most useful brand new loan apps inside Kenya. It is a non-cash credit platform, and your borrowing comes from separate lenders, maybe not the firm by itself. The software only links loan providers so you’re able to borrowers. You really must be operating otherwise running a business, have a dynamic Twitter membership, a national ID, a registered Safaricom sim cards, and you will a great credit score so you can qualify for Zidisha borrowing.

11. Okash

Okash provides private and you can business loans all the way to Ksh. payday loans online Watertown 60,000. Down load the brand new software from Google Enjoy Store, install it, and register discover immediate money. Okash application find your loan restrict and percentage period because of the checking out the private info you promote throughout the registration. The brand new annual rate of interest on Okash finance are fourteen%.

12. Eazzy

Like many loan apps inside Kenya, Collateral bank’s Eazzy app provides quick money in 24 hours or less away from profitable application. The fresh financing is actually paid towards Security family savings, Mpesa range, or Equitel sim credit.

Control *247# to get the mortgage right to their sim cards in place of by using the software. You’re eligible for as much as KSh2 million from inside the credit, additionally the system establishes the loan limit. In addition also provides an adaptable cost ages of around several days.

The latest app deducts finance out of your membership during the instalments at good thirteen % per annum rate of interest. It is possible to pay your Eazzy application quick fund through your Equitel sim card or fool around with Mpesa Paybill amount 247263 as well as your Guarantee account amount.

13. Utunzi

Utunzi borrowing from the bank software caters to Meters-Pesa profiles. So it cellular money credit program also provides personal and business loans out of Ksh.3 hundred so you can Ksh.step 1,one hundred thousand,000. Utunzi app allows a payment age 91 months to help you thirty-six days on a several% service fee and you may a yearly focus out of a dozen%. In addition, you spend an additional Ksh.400 because a yearly account administration commission.