FairKash+ Loans
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
In recent years, the use of mobile technology has transformed the financial landscape in Kenya. With the introduction of loan applications, individuals can now access quick and convenient loans directly from their smartphones. These loan applications have gained popularity due to their simplicity, accessibility, and minimal requirements. However, one crucial aspect that borrowers need to consider before applying for a loan is the interest rate. In this article, we will explore the interest rates offered by the best loan applications in Kenya in detail.
M-Pesa is one of the most widely used mobile money platforms in Kenya. In addition to its money transfer services, M-Pesa also offers loans through its M-Shwari feature. The interest rate for M-Shwari loans is 7.5% per month, which translates to an annual interest rate of 90%.
Tala is a popular loan application that provides quick loans without collateral. The interest rates vary depending on the borrower’s credit score and repayment history. On average, Tala offers interest rates ranging from 11% to 15% per month.
Branch is another well-known loan application that provides instant loans to individuals. The interest rates offered by Branch range from 10% to 27% per month, depending on the borrower’s creditworthiness. The interest rates are calculated based on various factors such as income, loan amount, and repayment behavior.
Free
In Kenya V 4.0.2
5.0 (1 million +)
Security Status
for Android
KCB M-Pesa is a partnership between the Kenya Commercial Bank (KCB) and Safaricom’s M-Pesa. It offers loans to M-Pesa users with flexible repayment terms. The interest rates for KCB M-Pesa loans vary depending on the loan amount and repayment period. On average, the interest rates can range from 2% to 6% per month.
Zenka is a loan application that provides fast and accessible loans to individuals in need of financial assistance. The interest rates offered by Zenka range from 11% to 36% per month, depending on the loan amount and repayment duration. The interest rates are influenced by factors such as creditworthiness, historical loan repayment, and current financial situation.
Stawi is a loan application developed by the Commercial Bank of Africa (CBA) in partnership with Safaricom. It offers loans to individuals and small businesses in Kenya. The interest rates for Stawi loans range from 9% to 12% per annum, depending on the loan amount and repayment period. The interest rates are relatively lower compared to other loan applications in the market.
In summary, the interest rates offered by the best loan applications in Kenya vary significantly. It is essential for borrowers to carefully evaluate and compare these rates before deciding on a loan application. Factors such as creditworthiness, repayment history, and loan amount can influence the interest rates. By understanding the interest rates, borrowers can make informed decisions and choose the loan application that best suits their financial needs.
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.
The amount of loan you got.
Contact：+254 796383534
