Best Mobile Loans Apps, top mobile loans online in Kenya 2022

cheap mobile loans

Read about Kenya’s finest mobile loan applications. Have you attempted a loan application and failed? We have tested these applications, which are among the best loan applications in Kenya.

In 2021, Kenya has over 29 million active mobile subscribers, according to the Communications Authority of Kenya. This report was generated in 2020.

More Kenyans possess cell phones with other devices (51.39 million) (Computer, TV, radio, etc.).

Because mobile lending applications are easier to access than those of banks and MFIs, more Kenyans may enroll.

What’s a mobile loan?

Mobile loans are smartphone loans accessed through applications. When you use your phone to borrow money, you’ve accepted a mobile loan.

Most mobile loans in Kenya are via lending applications, however some lenders have provided loans over USSD.

Which Kenyan loan applications are legit? Discover.
Kenya Loans 2022

Safaricom mobile loans

These loans are available on Safaricom without additional app.

KCB M-Pesa, Fuliza, Mshwari.

Banks’ mobile loans

Banks have introduced mobile lending options for the public or clients. Regulated lenders provide the safest, lowest-interest loans.

Kenyan banks’ mobile loans include:

  • ABSA’s Timiza
  • NCBA Loop–You must save and utilise the app to get a loan.
  • HF Whizz–You must utilise it and complete KYC to qualify.
  • Equity’s EazzyApp
  • KCB Vooma Loan–KCB Bank customers qualify.
  • Family bank’s PesaPap Wallet Loan
  • M-Co-Op Cash

Google Play Application loans

There are those who are not provided by banks but are available on googgle play store. However, borrowers need to be very careful because if you default, some may call everybody on your contacts list in the phone book.

Kenya 2022 loan apps include:

We took a look at the top lending applications in Kenya and ranked them. Since then, we’ve solely included Kenya’s top lending applications. The vast majority of mobile lending apps can be found on Google Play.

When you needed immediate cash, your alternatives were banks (which are slow) or relatives and friends.

In this modern world, you do not need to visit anywhere, all loans are in your pocket. It takes less than 5 minutes to acquire a loan for your M-Pesa using the finest rapid lending applications in Kenya.

Kenya’s Best and Cheap Mobile Loans Apps 2022

Kenya’s finest lending applications are:

Branch Loan Application

Branch Loan is the country’s first mobile loan application. Branch International introduced it to Kenyans in 2015. Branch Loan is Kenya’s second-oldest online mobile lending platform, behind Tala.

The loans are operational in the countries of Kenya, Tanzania, and Nigeria. The app lends up to KES 70,000. You can check your eligibility for a loan and see if you are approved for a Branch mobile loan by downloading the app from Google Play. If you get a loan, it will be sent to your M-Pesa account.

Tala Mobile Loans

Mkopo Rahisi became Tala. The Tala mobile loans application is one of the most well-established mobile loan applications in Kenya. Tala is Kenya’s most reputable mobile lending company and greatest fast loan app.

They lend up to Sh50,000 via M-Pesa. They can give you a loan in less than 5 minutes, and paying it back on time will help your credit score.

Tala App is one of Kenya’s most popular money lending applications, with 5 million downloads. Tala loans need a smartphone download and account. If you’re not on CRB, you’ll determine the conditions of your first loan.

Timiza Mobile Loans

Timiza is a mobile money app from Absa group, previously Barclays Bank Kenya. In a short amount of time, Kenya’s loan app has quickly driven established financial companies to adapt. Timiza, unlike other bank applications, is accessible to all Kenyans.

The Timiza app offers loans and a bank account for account management.

Timiza App mobile loans:

  • Install Timiza from Google Play.
  • Enter your M-Pesa number.
  • Use the pin to activate your app.
  • Timiza loans are available.

One may borrow up to KES 150,000 with a 30-day Timiza loan.

MCo-op money

This app allows CBK clients to receive emergency loans. It shows account balances and transfers MCo-op Cash to Mpesa, Airtel.

It also lets bank clients buy airtime using MCo-op funds. You have the ability to borrow up to 200,000 shillings through the MCOOP Cash App, which is 1.5 times your net pay.

KCB M-Pesa and Mshwari

Safaricom initiated mobile lending by partnering with KCB to offer the service through M-Pesa. KCB M-Pesa is available to M-Pesa users. Because it is already pre-loaded on your mobile device, there is no need for you to download and install it.

Select a loan from KCB Mpesa’s loans and savings menu. Finally. No signup or information are needed.

Once your desired amount is within your loan limit, they’ll send it to Mpesa. The KCB M-Pesa loan is widely regarded as one of the best online M-Pesa loans available in Kenya.

M-Pesa is great for all applications. M-Pesa Safaricom offers a mobile loan service known as Mshwari. This service is comparable to that offered by KCB. It is a good application, just like KCB-MPESA. Your limit might be raised based on how you use Mshwari and repay loans.

To qualify for a Mshwari loan, you must be an M-PESA member for six months, save on M-Shwari, and utilise Safaricom phone, data, and M-PESA.

HF Whizz Loan

HF Whizz is owned by Housing Finance Bank. It is more than a loan app; it provides many digital transactions. You can use your HF account to pay for things, transfer money to other accounts, save money on the app, buy airtime, and apply for mobile loans. Download it from the Play Store and set up an account to get started with HF Whizz Loan.


Opera came up with Okash to enter the money lending market. Initially, the application planned to extend loans to one hundred thousand residents of Kenya. Kenya’s Okash loan app is now popular among middle income earners.

Zenka Loan

The best part about Zenka is that there are no fees or interest charges attached to your very first loan. You pay back what you borrow. The amount of a Zenka loan can range anywhere from Ksh 500 to 20,000. After the initial free loan, Zenka charges 11% interest per month if repaid on time.

According to user testimonials, Zenka’s mobile loans app has no hidden fees.

During the application process, all fees associated with the loan are discussed. They take the business of your mobile loans very seriously.

Zenka App M-Pesa online loan:

  • Download Zenka from Google Play or its website.
  • Register and fill out the loan application.
  • After reviewing your application, they’ll pay the money to your M-Pesa.
  • You may withdraw cash at a nearby M-Pesa agent.
  • Repay your debt to raise your limit.

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