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, accessing loans has become easier than ever before, thanks to the emergence of various loan apps. These apps have revolutionized the traditional lending process by offering quick and convenient access to loans. In this article, we will explore the best loan apps in Kenya, their loan limits, and the criteria they use for loan approvals.
M-Pesa Fuliza is one of the most popular loan apps in Kenya. It is a service offered by Safaricom, the leading telecommunications company in the country. M-Pesa Fuliza allows users to access loans directly from their mobile phones.
Loan Limit: The loan limit on M-Pesa Fuliza varies depending on the user’s creditworthiness. New users typically start with a lower loan limit, which increases as they build a good repayment history.
Approval Criteria: M-Pesa Fuliza considers various factors when approving loans, including the user’s M-Pesa transaction history, airtime usage, and savings patterns. Users with a consistent income and a history of timely loan repayments are more likely to get approved for higher loan amounts.
Tala is another popular loan app in Kenya that offers instant loans to individuals. It utilizes alternative credit data to determine loan eligibility and provides loans to borrowers who may not have a formal credit history.
Loan Limit: Tala offers loans ranging from Ksh 500 to Ksh 50,000. The loan limit depends on the borrower’s creditworthiness and repayment history.
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
for Android
Approval Criteria: Tala evaluates multiple factors when approving loans, such as the borrower’s digital footprint, including mobile phone data, social media activity, and financial transactions. It also considers the borrower’s ability to repay the loan based on income and expenses.
KCB M-Pesa is a loan app offered by the Kenya Commercial Bank in partnership with Safaricom. This app provides mobile banking services and easy access to loans.
Loan Limit: The loan limit on KCB M-Pesa can go up to Ksh 1 million, depending on the borrower’s creditworthiness and repayment history.
Approval Criteria: KCB M-Pesa considers various factors when approving loans, including the borrower’s M-Pesa transaction history, savings patterns, and any existing loans. It also assesses the borrower’s ability to repay the loan based on income and expenses.
Branch is a loan app that offers financial services, including instant loans, in Kenya. It aims to provide accessible and affordable loans to individuals.
Loan Limit: Branch offers loans ranging from Ksh 250 to Ksh 70,000. The loan limit is determined based on the borrower’s creditworthiness and repayment history.
Approval Criteria: Branch evaluates multiple factors, such as the borrower’s smartphone data, including call and message logs, and financial transactions, to determine loan eligibility. It also considers the borrower’s income and expenses to assess their ability to repay the loan.
Okash is a loan app that provides instant loans to individuals in Kenya. It offers personalized loan products tailored to meet the specific needs of borrowers.
Loan Limit: Okash offers loans ranging from Ksh 2,500 to Ksh 50,000, depending on the borrower’s creditworthiness and repayment history.
Approval Criteria: Okash considers various factors when approving loans, including the borrower’s smartphone data, financial transactions, and overall creditworthiness. It also assesses the borrower’s ability to repay the loan based on income and expenses.
In conclusion, the best loan apps in Kenya have made accessing loans more convenient and accessible to individuals. These apps offer varying loan limits based on the borrower’s creditworthiness and repayment history. When applying for a loan through these apps, it is essential to meet the specific approval criteria, such as having a consistent income, a good repayment history, and the ability to repay the loan based on income and expenses. By utilizing these loan apps, Kenyans can easily access the funds they need to meet their financial obligations and achieve their goals.
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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