Wednesday, December 26, 2018

List of Best Mobile Loan Applications in Kenya

List of Best Mobile Loan Applications in Kenya
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Its without a doubt that most Kenyans sustain oneself on mobile loans thanks to the person who came up with this awesome way of acquiring a loan. 

Once your loan application has been approved the money will be deposited directly into either your M-pesa or airtel money account. 

Today we are going to share with the list of best mobile loan applications in Kenya.


1. Branch - It was founded in 2015 and it has over 5 million plus downloads in Google play store. Branch has a loan limit of Ksh. 80,000.

2. Tala (formerly Mkopo Rahisi) - It was founded in 2012 and they have expanded to Tanzania. Tala has 1 million plus plus downloads on Google play store and their limit is Ksh. 50,000.

3. Utunzi - Even though they haven't been in the market for long they are still doing pretty well. The utunzi mobile app has 100k plus downloads on Google play store and their loan limit is Ksh. 100,000.

4. Stawika - Their loan limit is determined by several factors among them your phone data and CRB information. Agents earn Ksh. 10 if they refer their friends and pay on time. Stawika loan application currently has 100 plus downloads on Google play store.

5. Saida - The loan application has been existence for quite sometime and their loan limit depends on your usage of M-pesa, calls,SMS and internet. Their interest rate is 7.5% and their repayment duration is up to 90 days. Saida loan application currently has 500k plus on Google play store.

6. Haraka - They have branches in other countries and their loan limit is Ksh. 20,000 and pay over is 26 days. Haraka is currently available on both IOS and Google play store where they have 500k plus downloads.

7. Zidisha - They have been in existence since 2009 and they offer loan with low interest. Their minimum loan limit is Ksh. 10,000 with weekly and monthly repayment plan. Zidisha currently has 100k plus downloads on Google play store.

8. Okolea - Their loan limit is determined by several factors among them your phone data and CRB information. Okolea offers loan with low interest and they have 100k plus downloads on Google play store.

9. Timiza from Barclays - People who don't bank with Barclays can also apply for loan with Timiza loan mobile application. Their interest rate is 4% and they currently have 500k plus downloads on Google play store.

10. PesaZone loans - You can borrow for as low as Ksh. 250 and their loan limit is Ksh. 20,000. PesaZone loans currently have 100k plus downloads on Google play store.

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