Absa Bank Kenya Plc (previously Barclays Lender Kenya Limited) is amongst the finance companies with mobile loan software inside Kenya

Timiza application lets users to access numerous financial features through their mobile phones. The support is instant loans, currency transfers, and purchase insurance policies. People that dont availability the fresh new Timiza software can also be switch *848# to register thereby applying getting cellular financing out-of Absa Financial.

six. Department

Part is regarded as financing software into the Kenya instead of CRB monitors. Subscription is free within and you can beyond your country. It’s possible to accessibility up to Ksh.70,100000 toward Branch app via mobile phones. Fund was recognized within 24 hours of app, so there are no undetectable costs. Additionally, Part does not charges later charge otherwise rollover charges.

eight. Shika

Shika is just one of the borrowing apps providing more than just finance. It has got features having texting and offers the fresh new reports on the government, football, entertainment, an such like. Shika app computers several lenders whom bring borrowing from the bank so you’re able to readers. Financing on this application is customized to complement startups inside farming, asset finance, and you will invoice discounting.

8. iPesa

iPesa mortgage application has the benefit of credits regarding Ksh. five-hundred so you’re able to Ksh. fifty,000 within 91 weeks in order to 180 weeks. Their yearly rate of interest try several%, while the application does not have services charges. Down load the fresh iPesa application to your mobile, do the installation, sign up to the Meters-Pesa matter, and request that loan. Paying down the credit promptly gradually expands the loan limitation so you’re able to doing Ksh. 50,100000.

9. Zenka

Of several borrowers into the Kenya love Zenka application. The first mortgage is notice-totally free and also no services payment. You only pay back extent you borrowed in the stipulated big date, which is usually 61 weeks. You can obtain this new software to the phone regarding the Zenka website. Once filling out the applying and you will registering successfully, you are going to have the loan within just 5 minutes.

ten. Zidisha

Zidisha is amongst the best the latest loan software into the Kenya. It’s a low-profit financing program, plus credit arises from separate lenders, not the firm in itself. The brand new app just links lenders to help you consumers. You need to be operating or running a business, features an active Myspace account, a national ID, a registered Safaricom sim credit, and you may an effective credit history to help you be eligible for Zidisha borrowing.

eleven. Okash

Okash provides individual and loans all the way to Ksh. sixty,000. Down load the latest app out-of Bing Play Store, do the installation, and you will check in to obtain immediate financing. Okash app determines the loan maximum and you will percentage months from the analyzing the non-public facts your give while in the membership. Brand new yearly interest rate on Okash funds are 14%.

twelve. Eazzy

Like many mortgage software when you look at the Kenya, Guarantee bank’s Eazzy app provides quick loans in 24 hours or less off successful application. Brand new loans is actually disbursed towards Collateral bank account, Mpesa range, otherwise Equitel sim cards.

Control *247# to get the mortgage to their sim credit in place of utilising the software. You’re entitled to around KSh2 billion inside credit, plus the system decides the loan restrict. In addition also provides a flexible payment age of to 12 days.

The brand new application deducts money from your own membership within the instalments during the a great 13 % per year interest rate. It’s also possible to pay their Eazzy software instant loans using your Equitel sim cards otherwise fool around with Mpesa Paybill count 247263 along with your Equity account count.

thirteen. Utunzi

Utunzi borrowing app suits M-Pesa profiles. So it cellular money borrowing program now offers personal and you will providers credit from Ksh.3 hundred so you can Ksh.step 1,100,100000. Utunzi application lets a payment age 91 weeks to help you thirty-six weeks within an effective a dozen% services fee and you will a yearly appeal out of 12%. You additionally spend an extra Ksh.400 given that an annual membership administration payment.