Not one,but there are several loan apps in Kenya like Zenka and in this article I will be describing some of the apps which are similar to Zenka loan app.
But first,what is Zenka? Zenka Loan App is one of the most popular mobile lenders which offers fast loan app solution in Kenya without the need for collateral. It allows customers to apply for a first loan of fixed term 61 days, with a one-time interest fee of 9-30% (risk-based pricing). Customers can also extend their repayment period up to 12 months or top up their existing loan with extra cash.
Zenka Loan App has won several awards for being the most preferred, promising and fastest growing mobile loan platform in Kenya.
Some of the features that make Zenka Loan App stand out are:
- Easy registration and application process
- Money transferred to M-Pesa account in minutes
- Flexible additional amount and extension options
- Positive credit history rewarded with higher loan limits
- Privacy and security of personal information
Loan apps like Zenka in Kenya
Some of the other loan apps that are similar to Zenka Loan App in Kenya are:
Tala Loan App
Tala offers instant loans ranging from KSh 500 to KSh 30,000 with a service fee of 5-15% depending on the loan amount and duration.
Tala also allows customers to repay their loans in weekly or monthly instalments, and rewards timely payments with lower fees and higher limits.
Tala requires customers to have an active M-Pesa registered number (account) and a valid ID to apply for a loan.
Branch Loan App
Branch is another mobile lender that provides loans from KSh 250 to KSh 100,000 with a service fee of 10-27% depending on the loan amount and duration. Branch also offers flexible repayment options, ranging from weekly to monthly instalments, and rewards good credit history with lower fees and higher limits.
Branch requires customers to have an active M-Pesa registered number and a valid ID to apply for a loan.
iPesa Loan App
This app provides fast and affordable loans to customers. To apply you must have an M-Pesa line and a national ID.
Stawika loan app
Stawika is another app which is similar to Zenka in providing fast loans to borrowers via M-PESA.
The app is available on Google play store where one can download and apply for instant loans.
Carbon loan app
Loan application is simple with Carbon loan app. Loan amounts depend on the borrower's credit score.
To apply for loans download carbon loan app from Google play store and create your account.
Patron Loan App
One of the newest loan apps but similar to Zenka. Patron doesn't ask for any statements,or selfies.
To apply for patron loans you can download the app from Google play store and create your account today.
Okash Loan App
Okash is a mobile lending app that offers loans from KSh 500 to KSh 50,000 with a service fee of 14-16% depending on the loan amount and duration.
The lender also allows customers to repay their loans in weekly or monthly instalments, and rewards timely payments with lower fees and higher limits.
To apply okash requires customers to have an active phone number, a valid ID and access to M-Pesa to apply for a loan.
In conclusion
These are some of the loan apps that are similar to Zenka Loan App in Kenya.
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