Top 10 Best Mobile Online Loans In Kenya 2020

An update on the list of best online mobile loans In Kenya 2020. The world of finance is rapidly changing; the focus is no longer on saving money, but on spending it. Loan Apps are a new development designed by financial services operators to make money available to people who have a steady and fixed monthly income.

Instant mobile loans are very important for business-minded individuals to run their small businesses and, in some other measure, save themselves from financial difficulties. In Kenya, there are a number of online platforms that offer mobile loans to customers.

These apps help people have access to money when they need it, even before their salaries are paid. That way they can meet up with their financial obligations, without having to wait till the end of the month. Although these mobile loan platforms offer reliable and constant loan services to customers, there are certain requirements that borrowers must fulfill before they can be considered.

To assist you in the quest for securing a mobile loan, we’ve carefully provided a list of fast Kenya’s Mobile Loan Apps within this article. Also, the requirements to qualify for each of the mobile loan apps have been provided in detail. Without wasting time, we now give you the top 10 loan apps in Kenya.

Top 10 Best Online Loans In Kenya 2020

1. Branch Loan App

Branch International Inc is a financial services firm based in San Fransico. They have also been operating in Kenya since 2015, a subsidiary in Nairobi. The company is quite competitive and has gained a lot of customers since its inception. The mobile loan app has remained consistent and operative.

In order to be eligible for a loan using this service, Branch International Inc requires customers to be Facebook users with duly registered Mpesa accounts. Likewise, The names on your Mpesa and Facebook must match those on your National ID card.  

To get started with Branch app and obtain instant mobile loans in Kenya, follow the easy steps below;

  • Launch Google Play store on your smartphone
  • Download the Branch app
  • With the download successful, install the app
  • Launch the app and connect/link your Facebook account with it
  • You will be required to fill in some personal details including National ID number and your phone number
  • After providing the details, you will receive an SMS containing a link where you’re to verify your phone number
  • After receiving the link, visit it to confirm your phone number

Though the maximum loan limit is set to Ksh 70,000, Branch International Inc sets its minimum loan limit as Ksh 250. Likewise, customers are required to receive any disbursed loans through their Mpesa accounts. For every disbursed loan, and the interest rate is flexible; it is largely dependent on how quickly you repay the loan. 

Like other mobile loan apps, Branch app imposes various penalties on loan defaulters and the penalties are;

  1. The tendency of being reported to CRB especially when the loan repayment is delayed for a very long time
  2. Reduction in Branch credit score
  3. The tendency to suffer loan denial for one week or more
  4. Restriction from obtaining higher loans


2. Timiza by Barclays

Timiza is a popular loan app in Kenya. It is operated by ABSA Kenya. Remarkably, this product is open to anyone regardless of whether you have a mobile smartphone or not. 

The app works even if you do not have an ABSA account. It is also suitable for saving, and you increase your chances of getting a loan by depositing money into the App. These deposits help the company determine your credit ratings. You can deposit through M-Pesa.

If you do not possess a smartphone, you can still access the Timiza loan app by dialing *848# on whatever phone you have.

3. CBA Loop Loan

CBA Loop is a mobile loan in Kenya, from the Commercial bank of Africa. The loan application was launched in 2018 and has seen several facelifts since then. The App does not only give you money when you need it; it also helps you manage your money right from your phone.

The app helps you to avoid the long queues, the time-wasting, and the stress that comes with conventional banking. You can send money, make payments, invest, and save, right from your mobile phone! 

The loan app allows for loans of up to 3 million, although you have to be using the app for some time, gradually scaling up on your trust score with the company. Furthermore, the repayment period is long, so we can say that it is one of the most convenient in Kenya. 

4. Zenka Loan App

Zenka is the new app category. However, it is increasingly becoming popular among Kenyans. There are no hassles; once you register you are immediately qualified for a small loan.

As a stimulus, the first loan is interest-free. The app is owned and operated by Zenka Finance, and they offer loans of about 500 to 30,000, with a repayment duration of 61 days. Zenka has captured the hearts of Kenyans; the app has recorded over 1,000,000 downloads on Google Play. 

5. HF Whizz Loan App in Kenya

HF Whizz App from HF Group is a noteworthy and trusted loan app. Many who registered initially got instant loans of up to 22,000 Kenyan Shillings, but it seems that a lot of them did not repay the loans, forcing the company to make some changes. Now you have to visit a branch of the firm to do registration before you can qualify for a loan.

The app allows you to receive a loan of 50,000 KSH as the maximum. Apart from loans, you can also pay bills and send money to other people. This saves time and energy which would otherwise be wasted queuing up in a bank.

To get started with HF Whizz App, go to Google Play Store, and download the App. After that, you need to register. 

6. Okash Loan App

Okash is yet another company with a good fan-base in Kenya. This loan app is a product of Opay, which is a subsidiary of the Opera group; makers of the Opera mini browser.

Okash loan is quite popular throughout Africa; the app has received over 1,000,000 downloads on the Google Play. Anybody within the ages of 20 to 55, who has a fixed income is eligible.

According to the company, Okash can give loans of up to 500, 000 KSH, depending on the applicant’s credit score. 

7. Mshwari Loan App

Mshwari loan is one of the best online loans in Kenya, a banking facility designed in conjunction with CBA (the Commercial Bank of Africa). Established in the year 2012, Mshwari operates via Mpesa accounts and since it was established, the loan app has remained vibrant and responsive.

Mshwari loan app has an undisclosed amount of the maximum loan limit. However, the least amount a customer can borrow is Ksh 100. Significantly, customers are encouraged to refund their existing loans before requesting for new loans. Likewise, there are time limits for loans obtained and customers are required to repay their outstanding loans before the stipulated time.

Meanwhile, a customer will not be eligible to obtain a higher loan if he/she fails to refund the outstanding loan at the required time. Also, you need to ensure the fund in your Mshwari account is sufficiently increased in order to boost your eligibility for a higher loan.

When customers apply for Mshwari loans, they are required to comply with the deadline scheduled for loan repayment –this is usually a 30-day limit. At the same time, every Mshwari loan bears a 7.5% interest rate which a customer must be ready to afford. Moreover, Mpesa accounts are the means for disbursing Mshwari loans and the disbursement is usually completed within a few minutes.

For a customer to ascertain whether he is eligible for a Mshwari loan via a Mpesa account, he is expected to have met the requirements below:

  • A Mshwari account duly activated
  • A duly registered and activated Mpesa number which has been in use for a six-month period
  • A Mpesa menu with an up-to-date status

Also noteworthy is that when a Mshwari loan is due for repayment and a customer delays the repayment by an extra 30-day period, the loan will carry an extra 7.5% interest rate which the customer must bear. In a situation whereby a customer fails to comply with this regulation, the customer’s loan limit will be decreased and he/she will be denied access to obtaining any loan for a 30-day period.

8. KCB Mpesa Mobile Loan App

By means of Safaricom, the KCB Mpesa maintains a collaborative relationship with KCB –the Kenya Commercial Bank. In 2015, KCB Mpesa came into inception and was specified as a savings account. Since it began its operation, the loan platform has remained vibrant and responsive. Quite interestingly, KCB Mpesa allows customers to obtain loans even without having any funds deposited in their accounts. For the loan disbursement, customers are provided with a KCB Mpesa Menu which they can open through their mobile phones.

The loan system comes with the maximum loan disbursement of Ksh 1,000,000 while the least amount of loan a customer can obtain is Ksh 50. For every loan obtained, a customer is required to bear a 1.16% interest rate on a monthly basis.

Like other loan apps, KCB Mpesa requires that customers fulfill some conditions before they can be qualified to obtain loans. For a customer to be eligible, he/she must be actively registered on Safaricom for at least a 6-month period. Meanwhile, customers who have met the stated requirement can attempt the activation process for the KCB Mpesa account by dialing the code *844# from their mobile phones. After dialing the stated code, customers are encouraged to comply with the on-screen instructions in order to complete the activation.

Besides, KCB adopts some criteria in evaluating customers’ standards before increasing their loan limits. Before your loan limit can be increased, you must have bagged a good record and fulfilled conditions such as good saving history and reliable repayment behavior. By adopting these criteria, KCB evaluates a particular customer’s ability to save frequently as well as repay loans on time.

9. Tala Mobile Loans

Tala Mobile Loans is one of the best mobile loans in Kenya, the first Kenyan platform specified to provide borrowers with instant mobile loans. Prior to the change of its brand name to Tala, the mobile loan app was previously known as Mkopo Rahisi when it was established.

The conditions which qualify customers for Tala Mobile Loans are very simple and straightforward. And as a customer who is active on Facebook and uses a smartphone, Tala is ready to consider you for its instant mobile loan.

As a Tala customer, your loan limit greatly depends on the details of your various Mpesa transactions and your loan repayment behavior. Therefore, the details of your Mpesa transactions are very essential and you’re strongly encouraged to keep them safe.

To get started with Tala Mobile Loans, you can simply

  • Launch Google Play store on your smartphone
  • Then, download Tala app
  • With the download successful, install the app
  • Then connect your Facebook account with the Tala app
  • To get activated, provide the required answers to some personal questions

Also noteworthy, Tala uses your Mpesa account as a medium for every loan disbursement. Moreover, the loan system sets limits to what you can obtain and this means a sum of Ksh 50,000 is the maximum loan while the minimum loan is Ksh 500. Likewise, for every loan obtained, a customer bears a 15% interest rate.

Briefly speaking, there are regulations that every customer must abide by and one of them requires the repayment of loans using 851900 as the stipulated Mpesa PayBill number. Additionally, every repayment comes in weekly installments scheduled to last for a three-week period. However, any customer who violates the implied regulation will be termed ineligible for future loans.

10. Saida Loan App

Saida is another top online loan in Kenya, a platform for customers to obtain instant mobile loans. Like various other mobile loan providers, Saida expects customers to have met some requirements before applying for any loans. In order to qualify for its mobile loans, Saida ascertains that interested customers have Airtel Money/Mpesa accounts with valid status. Besides this, the loan platform evaluates customers’ call tasks and their various Mpesa transactions in order to confirm their ability to fulfill loan repayment.

Customers who use smartphones are at liberty of attempting the registration process for Saida mobile loans. In order to achieve this purpose,

  • Go to the Play Store on your phone and download the loan app
  • Install the app after successfully downloading it
  • Provide your phone number and exercise little patience for an invitation message authorizing you to obtain loans
  • To get approved for the invitation message, you might have to wait for 3-7 days

After completing the registration process, customers are encouraged to note that they are only eligible to obtain the maximum loan limit of Ksh 25,000 while the minimum loan limit hovers around Ksh 600. Likewise, each loan granted by Saida bears a 10% interest rate.

Like several other loan apps, Saida allows customers to receive its loan disbursement via their Mpesa accounts. And for the repayment of loans, customers are given a 30-day deadline. To ensure they are good standards, customers are encouraged to abide by the stated deadline and repay their loans using 854400 as the Mpesa pay bill number. On a strict note, customers are warned not to default their loan obligations as such could result in being reported to CRB. Consequently, their names could appear on CRB’s blacklist.

11. OKOA Mobile Loan App

In 2015, Kenya Power collaborated with Safaricom and established Okoa Stima, an online mobile loan in Kenya. Since its establishment, Okoa Stima has remained a responsive and consistent platform for quick mobile loans. Meanwhile, this mobile platform is essential when you find it hard to pay your electricity bill.

For each loan you obtain from Okoa Stima, you will bear a 10% interest rate. Meanwhile, your maximum loan limit is restricted to Ksh 2000 while Ksh 100 is the minimum amount you can obtain a loan. Like several other mobile loan apps, Okoa Stima enables you to receive loan disbursement via your Mpesa account and for every loan obtained, a 7-day period is the time limit for repayment.

12. KOPA CHAPAA Loan App

Kopa Chapaa was founded not too long ago and is specified for interested customers to obtain mobile loans that may be needed to settle immediate business obligations or financial difficulties. Under the auspices of Faulu Kenya, Kopa has been enhanced with the necessary facilities to disburse mobile loans to customers.

Meanwhile, customers cannot be eligible for Kopa’s instant mobile loans until they fulfill requirements that involve being actively connected for a 6-month period as users of Airtel Money.

After meeting the implied standard, customers can obtain mobile loans from Kopa with Ksh 100,000 stipulated as the maximum loan limit. On the other hand, a price sum of Ksh 500 is set as the minimum loan limit.

However, unlike various other mobile loan apps, Kopa stipulates a very short deadline of 10 days for the repayment of its loans.

13. Zidisha

Established in 2008, Zidisha is popularly known in Kenya as a vibrant firm that operates internationally. Right from its establishment, Zidisha has progressively offered mobile loans in Kenya to customers.

Zidisha is considered an online medium specialized for peer-to-peer lending. In this regard, Zidisha carries out its lending services and creates a beneficial avenue for businesses and individuals to borrow money. Significantly, this lending system is made possible through an online medium that directly links borrowers to creditors/lenders.

Apart from its vibrant activities, Zidisha is highly distinguished as a benevolent organization that renders its services without any motive of making a profit. It is also recognized for the ability to link European and North American lenders with Kenyan and other African borrowers.

For customers to be eligible for any Zidisha loans, they must:

  • Have a strong desire and show readiness to post regular reviews and updates on –about the advancement of the business and the loan utility –on the Zidisha web portal
  • Be residents of any of the countries Zidisha presently carries out its operations
  • Be active Facebook users with standard social media relationships
  • Be regularly connected to the internet in order to give relevant replies to the products and queries on the Zidisha web portal
  • Have attained excellent records regarding credit score
  • Be upright and they must show a good reputation
  • Be associated with valid businesses or employment status

14. iPesa loan app

iPesa loan app is another member of the new service on the block category, providing easy and fast mobile loans in Kenya. iPesa is an Easy and Fast mobile loan App that sends your cash direct to M-PESA. iPesa gives loans within the range of 500 Kenya shillings to 50,000. The tenure is flexible; between 91 days and 180 days.

15. Stawi loan app

Stawi is an initiative of the Kenyan Government in partnership with the Commercial Bank of Africa. Stawi loan app is designed to help boost the small and medium micro-enterprises sector. They are the targets of the loans. There are over 100,000 downloads on Google Play.

16. Berry loan app

Berry is a loan application that provides loans with very low-interest rates, and flexible repayment tenures. To benefit from this, go to Google Play Store and download the app, then register.

 17. Haraka loan App

Haraka is owned and operated by a South African financial services company called GetBucks. The company is rapidly expanding its base across East Africa, with many of our neighboring countries quickly keying into their services.

 Haraka loans are in the range of KES 500 to 5000. To subscribe to this service you go to their website and download the website. 


That’s all on the Top Best Online Mobile Loans In Kenya. Online loan apps can be beneficial when you use them wisely, but they can do more harm than good. As a young person working, your goal should be to save as much as possible and make wise investments. It is possible for that goal to be derailed by loan apps because they make it too easy to spend money that you have not even earned. If you do so regularly enough, it becomes a habit.

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