10+ Best and Legit loan apps in Kenya 2023

Loan apps have become increasingly popular in Kenya, offering quick and easy access to financial assistance without having to visit a bank. Here are some of the best loan apps in Kenya in 2023:

  1. Branch: Branch is a popular loan app that provides instant loans to Kenyans. The app uses a unique credit scoring system that takes into account various factors such as your social media presence and mobile phone usage to determine your loan eligibility.

  2. Tala: Tala is another popular loan app in Kenya that offers quick loans with low-interest rates. The app uses a combination of artificial intelligence and human review to assess loan applications and make lending decisions.

  3. Okash: Okash is a loan app that provides personal loans to Kenyans with an emphasis on financial education. The app provides financial literacy content and tips to help users make informed financial decisions.

  4. KCB M-PESA: KCB M-PESA is a mobile loan service offered by Kenya Commercial Bank in partnership with Safaricom’s M-PESA platform. The service provides loans to M-PESA customers who have a consistent and reliable income.

  5. Timiza: Timiza is a loan app by Barclays Bank Kenya(now Absa Bank Kenya) that provides instant loans to Kenyans. The app uses machine learning algorithms to assess loan applications and make lending decisions.

  6. Faulu Mobile: Faulu Mobile is a loan app offered by Faulu Microfinance Bank. The app provides quick and easy access to loans and other financial services to Kenyans.

Loan apps are providing an accessible and convenient solution to financial needs in Kenya. Whether you need a quick loan or financial education, these apps can provide the support you need. It's important to consider the interest rates, loan amount, and repayment period before choosing a loan app that meets your needs

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Branch and Tala loan app , which are the best and oldest loan apps in Kenya


Some of the legit loan apps in Kenya are listed below;

Zenka loan app

Zenka is a loan app in Kenya that provides quick and convenient loans to users. The app uses advanced machine learning algorithms to assess loan applications and make lending decisions, allowing for quick loan disbursement. With Zenka, you can apply for a loan from the comfort of your home or on-the-go using your smartphone.

Features of Zenka Loan App:

Easy Loan Application: Zenka makes it easy to apply for a loan. You can apply for a loan by downloading the app and submitting your loan application.

Quick Loan Disbursement: Once your loan application is approved, you can expect to receive your loan within a few minutes.

Competitive Interest Rates: Zenka offers competitive interest rates on its loans, making it an affordable option for Kenyans.

Repayment Flexibility: Zenka offers flexible repayment options to suit your needs, including weekly, bi-weekly, and monthly repayments.

Financial Education: Zenka provides financial literacy content and tips to help you make informed financial decisions.

Zenka is a reliable and convenient loan app for Kenyans. With its quick loan disbursement, competitive interest rates, and flexible repayment options, Zenka is a popular choice for those seeking financial assistance. However, it's important to consider the terms and conditions of the loan, as well as the interest rates and loan amount, before applying for a loan.

Timiza loan app

Timiza is a loan app offered by Barclays Bank Kenya ( Absa Bank Kenya) that provides instant loans to Kenyans. The app uses advanced machine learning algorithms to assess loan applications and make lending decisions, allowing for quick processing and disbursement of loans. With Timiza, you can apply for a loan from the comfort of your home or on-the-go using your smartphone.

Features of Timiza Loan App:

Easy Loan Application: Timiza makes it easy to apply for a loan. You can apply for a loan by downloading the app and submitting your loan application.

Quick Loan Disbursement: Once your loan application is approved, you can expect to receive your loan within a few minutes.

Competitive Interest Rates: Timiza offers competitive interest rates on its loans, making it an affordable option for Kenyans.

Repayment Flexibility: Timiza offers flexible repayment options to suit your needs, including weekly, bi-weekly, and monthly repayments.

Financial Education: Timiza provides financial literacy content and tips to help you make informed financial decisions.

In conclusion, Timiza is a reliable and convenient loan app for Kenyans. With its quick loan disbursement, competitive interest rates, and flexible repayment options, Timiza is a popular choice for those seeking financial assistance. However, it's important to consider the terms and conditions of the loan, as well as the interest rates and loan amount, before applying for a loan.

M-Shwari

Yes, M-Shwari is a mobile savings and loan service offered by Commercial Bank of Africa (CBA) - now NCBA Bank in partnership with Safaricom's M-PESA platform in Kenya. It was launched in November 2012 and has since become one of the most popular mobile financial services in the country.

With M-Shwari, you can save money and access loans on your mobile phone without having to visit a bank. The service offers a range of financial products, including savings accounts, short-term loans, and insurance services. The interest rates on loans and savings accounts are competitive and are designed to benefit the customer.

Features of M-Shwari:

Mobile Savings: M-Shwari allows you to save money on your mobile phone, making it convenient and accessible.

Quick Loan Disbursement: You can apply for a loan through M-Shwari and receive the loan amount within a few minutes.

Competitive Interest Rates: M-Shwari offers competitive interest rates on both savings and loans.

Convenient Repayment: Repayment of loans can be done through M-PESA, making it easy and convenient.

Financial Education: M-Shwari provides financial literacy content and tips to help you make informed financial decisions.

In conclusion: M-Shwari is a reliable and convenient mobile financial service that provides savings and loan services to Kenyans. With its competitive interest rates, quick loan disbursement, and convenient repayment options, M-Shwari is a popular choice for those seeking financial assistance in Kenya. However, it's important to consider the terms and conditions of the loan, as well as the interest rates and loan amount, before applying for a loan through M-Shwari.

Vooma

Vooma is a mobile loan app in Kenya that provides instant loans to users. The app uses artificial intelligence and machine learning algorithms to assess loan applications and make lending decisions, allowing for quick loan disbursement. With Vooma, you can apply for a loan from the comfort of your home or on-the-go using your smartphone.

Features of Vooma Loan App:

Easy Loan Application: Vooma makes it easy to apply for a loan. You can apply for a loan by downloading the app and submitting your loan application.

Quick Loan Disbursement: Once your loan application is approved, you can expect to receive your loan within a few minutes.

Competitive Interest Rates: Vooma offers competitive interest rates on its loans, making it an affordable option for Kenyans.

Repayment Flexibility: Vooma offers flexible repayment options to suit your needs, including weekly, bi-weekly, and monthly repayments.

Financial Education: Vooma provides financial literacy content and tips to help you make informed financial decisions.

In conclusion: Vooma is a reliable and convenient loan app for Kenyans. With its quick loan disbursement, competitive interest rates, and flexible repayment options, Vooma is a popular choice for those seeking financial assistance. However, it's important to consider the terms and conditions of the loan, as well as the interest rates and loan amount, before applying for a loan.


Here are ten of the best loan apps in Kenya in 2023: 

In  list form again here are the best 10 loan apps in Kenya this year 2023;

  1. Branch
  2. Tala
  3. KCB M-PESA
  4. Timiza
  5. M-Shwari
  6. Zenka
  7. Saida
  8. Haraka
  9. Okolea
  10. Vooma

These loan apps offer quick and convenient loans to users, using advanced technology and machine learning algorithms to make lending decisions. They provide competitive interest rates, flexible repayment options, and financial education to help users make informed financial decisions. However, it's important to consider the terms and conditions of the loan, interest rates, loan amount, and repayment options before applying for a loan through any of these apps.

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