isiiiMobile loan apps have transformed how Kenyans access credit. Instead of visiting banks or filling out paperwork, you can now apply for a loan using your smartphone and receive money directly to M-Pesa within minutes.
These apps are ideal for emergencies, business needs, school fees, or daily expenses. Below is an updated list of 20 loan apps in Kenya that send money instantly to M-Pesa, including their minimum loan amount and interest rates.
1. Tala Loan App
Tala is one of the most popular mobile lenders in Kenya with millions of users.
- Minimum Loan: KSh 1,000
- Maximum Loan: KSh 50,000
- Interest Rate: 0.3% – 0.6% per day
- Repayment Period: 21 – 61 days
The loan limit increases as you repay on time.
2. Branch Loan App
This app offers flexible loans and higher limits for repeat borrowers.
- Minimum Loan: KSh 250 – 1,000
- Maximum Loan: Up to KSh 70,000
- Interest Rate: 13% – 29% depending on loan term
- Repayment Period: 21 – 62 days
Branch uses smartphone data to determine your credit limit.
3. Zenka Loan App
Zenka is known for offering interest-free first loans for new users.
- Minimum Loan: KSh 500
- Maximum Loan: KSh 30,000
- Interest Rate: 9% – 29%
- Repayment Period: 61 – 180 days
4. Okash Loan App
Okash provides quick loans through a mobile app with instant approval.
- Minimum Loan: KSh 2,500
- Maximum Loan: KSh 50,000
- Interest Rate: 14% – 16.8%
- Repayment Period: 14 – 21 days
5. Opesa Loan App
Opesa is another popular digital lender in Kenya.
- Minimum Loan: KSh 2,000
- Maximum Loan: KSh 10,000
- Interest Rate: 16.8%
- Repayment Period: 14 days
6. Okolea Loan App
Okolea provides flexible loan terms with varying interest rates.
- Minimum Loan: KSh 500
- Maximum Loan: KSh 50,000
- Interest Rate: 5% – 15% depending on loan period
- Repayment Period: 2 – 30 days
7. Timiza Loan App
Timiza is offered by Absa Bank Kenya and provides instant digital loans.
- Minimum Loan: KSh 50
- Maximum Loan: KSh 150,000
- Interest Rate: Around 6% – 7% monthly
- Repayment Period: 30 days
8. iPesa Loan App
iPesa sends loans directly to M-Pesa after approval.
- Minimum Loan: KSh 500
- Maximum Loan: KSh 50,000
- Interest Rate: 18% – 36%
- Repayment Period: 91 – 180 days
9. AsapKash Loan App
This app is known for very low starting interest rates.
- Minimum Loan: KSh 500
- Maximum Loan: KSh 50,000
- Interest Rate: 0.05% – 13.82% yearly
- Repayment Period: Up to 90 days
10. LendPlus Loan App
- Minimum Loan: KSh 1,500
- Maximum Loan: KSh 50,000
- Interest Rate: About 2.2% daily
- Repayment Period: 7 – 30 days
11. Kashway Loan App
- Minimum Loan: KSh 500
- Maximum Loan: KSh 50,000
- Interest Rate: 1.9% daily
- Repayment Period: Up to 30 days
12. FairKash Loan App
- Minimum Loan: KSh 1,000
- Maximum Loan: KSh 60,000
- Interest Rate: 12% – 24% APR
- Repayment Period: 90 – 365 days
13. Kashbean Loan App
- Minimum Loan: KSh 1,500
- Maximum Loan: KSh 200,000
- Interest Rate: 10% – 20% APR
- Repayment Period: 91 – 365 days
14. Zash Loan App
- Minimum Loan: KSh 500
- Maximum Loan: KSh 50,000
- Interest Rate: 15% – 25% APR
- Repayment Period: 7 – 180 days
15. Koro Loan App
- Minimum Loan: KSh 1,000
- Maximum Loan: KSh 70,000
- Interest Rate: 12% – 24% APR
- Repayment Period: 91 – 365 days
16. ZK Pesa Loan App
- Minimum Loan: KSh 500
- Maximum Loan: KSh 50,000
- Interest Rate: 15% – 30% APR
- Repayment Period: 7 – 180 days
17. KCB M-Pesa
- Minimum Loan: KSh 50
- Maximum Loan: Up to KSh 1,000,000
- Interest Rate: About 7.35% per month
- Repayment Period: 30 days
18. M-Shwari Loan
- Minimum Loan: KSh 100
- Maximum Loan: Up to KSh 1,000,000
- Interest Rate: Around 7.5% fee
- Repayment Period: 30 days
19. Hustler Fund
- Minimum Loan: KSh 500
- Maximum Loan: KSh 50,000
- Interest Rate: 8% per year
- Repayment Period: 14 days
20. Fuliza M-Pesa (Overdraft)
- Minimum Loan: KSh 100
- Maximum Loan: KSh 70,000
- Interest Rate: Daily maintenance fee
- Repayment: Automatically deducted from M-Pesa deposits.
Tips Before Using Loan Apps in Kenya
1. Borrow from licensed lenders
Always confirm that the app is regulated by the Central Bank of Kenya (CBK).
2. Check total repayment cost
Some apps have hidden fees and penalties.
3. Avoid multiple loans
Borrowing from several apps at the same time can lead to debt traps.
Conclusion
Loan apps make it easy to access quick credit in Kenya. Apps like Tala, Branch, Zenka, Okash, and KCB M-Pesa offer instant loans sent directly to M-Pesa within minutes. However, before borrowing, compare interest rates, repayment periods, and fees to avoid paying more than necessary.
