Zenka Loan App: How to Download and Apply for Short Term Personal Loans

Zenka loan app is a finance application which provides short term personal loans to borrowers in need of financial emergencies.

Zenka App Logo 

In this article I will be sharing more information about zenka loan app including; 

• Zenka loan limits
• Zenka first loan limit 
• Zenka interest rates
• Zenka loan app download
• Zenka loan app for Android
• Zenka loan app for iPhone (iOS devices)
• Zenka loan application
• How to pay Zenka loans
• Can Zenka blacklist defaulters
• Is Zenka loan legit
• Zenka contacts
• Conclusion 

Zenka loan app video

You can see the Zenka loan app video here if you're interested in the video version ;

Zenka Loans Features 

Let's first look at the loan limits and interest rates from Zenka as a short term lender.

 Zenka provide loans from 500 to 100,000. Any approved loan is quickly deposited to the customer's M-Pesa account. 

What is Zenka first loan limit? This is the first time loan a customer can secure via Zenka app. It's totally different from Zenka minimum loan limit.

Some customers get a Zenka loan limit of 5000 or 50000 as first time loans. However,the majority of borrowers get the minimum loan limit at 500.

A customer is allowed to use the amount borrowed to solve any financial need including emergencies for example hospital bills,rent, school fees or working capital.

But what are the interest rates? Zenka loan interest rates is between 9% - 30% risk based charged once. 

What is risk based interest rate? Zenka access each customer's risk level before attaching a certain interest rate on the loan borrowed by that particular customer. 

A customer with a good credit score (low risk customer), the interest rate can be as low as 9% while a high risk customer's interest rate can be as high as 30% .

Zenka loan application

Now that you have known Zenka interest rates and loan limits, it's time to consider making an application for a loan.

There are no Zenka loan application forms. However, loan application is done entirely online via Zenka loan app or via Zenka USSD code.

Zenka loan app download

To get started with Zenka, you'll need to go to Google play store, search for Zenka,find the app, download and install.

This is where you'll find Zenka latest version for free download.

Once that's done,you then login to Zenka account, confirm your loan limit and apply for the loan.

Zenka loan app is the most popular way to access Zenka personal loans via M-PESA in Kenya. 

Zenka loan app download for Android.

If you're using an Android smartphone,you can go to Google play store, search for Zenka app and install the app. It take only a few minutes to download and apply for a loan.

Zenka loan app download free apkpure 

In addition to getting the app via Google play store, there are a few online APK file sources and one of these is APKPURE.

For those who want to download Zenka from apkpure,can do so but it's anor a recommended approach.

Zenka loan app download for iPhone 

For those who are using iPhones or iPads (iOS devices) , unfortunately there's is no Zenka loan app version for you.

You can still use Zenka without the app as described below;

Zenka loan application via USSD code

If you can't access the app, don't panic, because there's an alternative to Zenka app which is Zenka USSD Code.

Whether you're using an Android smartphone or iPhone,you can dial *841# to access Zenka loans.

How to withdraw Zenka loans 

Once approved,Zenka loans are disbursed to the customers M-Pesa account. 

To withdraw this amount, a customer can visit an M-Pesa agent and ask to with the money.

This process is instant unless there are M-PESA system delays or long queues at the M-Pesa agent outlet. 

How to pay Zenka loan

Whenever loan payment is due, customers pay from inside the app. 

There's a connection between Zenka and M-Pesa Xpress when enable taster payment than before.

You can still use Zenka paybill number 

Zenka loan payment is done after 30 days. This duration can be extended by paying only the charges accrued in the last 30 days. 

Zenka loan payment duration can therefore go up to 61 days.

Zenka loan app reviews 

According to the reviews on Google play store, Zenka has a rating of 4.2 out of 5 stars. This rating was made by over 119,000 customers. This simple means Zenka is fit for customers to use.

Is Zenka loan legit

Yes. Zenka is a legit lender licensed by the Central Bank of Kenya (CBK). I have used Zenka myself and I can confirm it's a legit lender.

Zenka loan eligibility

To qualify for a Zenka loan, you must meet the following requirements; 

• Be 18 years or above
• Be a Kenyan citizen
• Have an M-PESA (safaricom) number
• Have a compatible Android smartphone
• Have any phone (iPhone or feature phone) to use via USSD code*841#
• Be not blacklisted on CRB

Can Zenka list on CRB

Yes. Zenka can submit your negative information to VRB for blacklisting. This is because now, now Zenka is a licensed digital credit provider in Kenya.

Zenka can also submit a customer's positive information to VRB for whitelisting. 

Zenka loan Contacts

Here are Zenka phone numbers and email address; 

020 765 0878

support@zenka.coke

Conclusion

Zenka is a legit short term money lending app which looks reliable. I would recommend one to try Zenka loan app or Zenka USSD code to access loans instantly whenever in need. 

However,just like any other short term loans lenders,I would advise customer to use Zenka with caution to avoid damaging ones credit score.

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