FairKash+ Loans
Free
In Kenya V 4.0.2
5.0 (1 million +)
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for Android
for Android
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
In Kenya, the use of mobile applications for lending has gained immense popularity in recent years. With the advent of technology, individuals can now access quick and convenient loans directly from their smartphones. This article provides a detailed overview of some of the most popular loan apps in Kenya, highlighting their features, benefits, and limitations.
M-Shwari is one of the leading loan apps in Kenya. It is a product of Safaricom, Kenya’s largest telecommunications company, and Commercial Bank of Africa (CBA). M-Shwari offers instant loans to users based on their M-Pesa transaction history and creditworthiness. The app allows borrowers to access loans ranging from Ksh. 100 to Ksh. 20,000 with flexible repayment terms.
Tala, formerly known as Mkopo Rahisi, is a popular loan app that provides financial services to individuals with limited access to traditional banking. Users can apply for loans through the Tala app by providing personal information and allowing the app to access data from their mobile devices. Tala uses this data to determine the borrower’s creditworthiness and provide instant loans ranging from Ksh. 500 to Ksh. 50,000.
Branch is another widely used loan app in Kenya that offers instant mobile loans without the need for collateral or paperwork. Users can download the Branch app, create an account, and apply for a loan within minutes. The loan amounts range from Ksh. 1,000 to Ksh. 50,000, and the repayment period varies between one to twelve months. Branch also rewards borrowers with higher loan limits for timely repayments.
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
for Android
KCB M-Pesa is a collaboration between Safaricom and Kenya Commercial Bank (KCB). It provides users with access to quick loans directly into their M-Pesa accounts. Borrowers can apply for loans through the app, and once approved, the funds are disbursed instantly. KCB M-Pesa offers flexible loan amounts based on the borrower’s credit history, allowing them to borrow up to Ksh. 1 million.
Okash is a loan app that offers instant mobile loans to individuals in need of financial assistance. The loan application process is simple and efficient, requiring users to provide personal information and consent to data access. Okash uses this information to determine the borrower’s creditworthiness and provide loans ranging from Ksh. 2,500 to Ksh. 50,000. The repayment period varies from one to thirty days.
MCo-op Cash is a loan app provided by Co-operative Bank of Kenya. It allows users to access loans directly into their M-Pesa accounts. Borrowers can apply for loans through the app and receive instant approval. The loan amounts range from Ksh. 100 to Ksh. 200,000, with flexible repayment terms. MCo-op Cash also offers additional features such as savings accounts, utility bill payments, and airtime purchases.
The availability of loan apps has revolutionized the lending industry in Kenya. These apps offer accessibility, convenience, and quick loan disbursement to individuals who may have limited access to traditional banking services. However, it is crucial for borrowers to exercise responsible borrowing practices and carefully review the terms and conditions of each loan app before committing to any financial obligations. With the right knowledge and responsible borrowing habits, loan apps can provide a valuable financial resource for many Kenyans.
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
for Android
for Android
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
FairKash+ is approved by the Central Bank of Kenya. Download and use it.
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