Top 10 Genuine Loan Apps in Kenya

What are genuine loan apps? Which are the genuine mobile loan apps in Kenya?If you have been looking for the answers to these questions,look no further because I have the answers for you today.

Genuine loan apps refers to those managed by banks and CBK approved Digital Credit Providers (DCP) in Kenya and I have the best and trusted 10 genuine loan apps in this article.

Loan apps backed by banks make the majority in the list of genuine loan apps in Kenya. Only few apps managed by DCP make it to the list an I'll tell you why.

Some of Digital Credit Providers owned loan apps still like to work like 'shylocks' posing scavenging activities in their loan lending.

The loan apps left out of the genuine and true loan apps in Kenya charges extremely high interest rates, give small loan amounts and shorter loan repayment durations. In addition,they harrass customers with poor customer care and loan recovery tactics.

Now let's get back to the top 10 genuine loan apps in Kenya.

Timiza loan app logo
Timiza loan app logo 


Top 10 genuine loan apps in Nairobi kenya 

Here is the list of the true and genuine loan apps to consider in Kenya while looking for mobile loans; 

1. Timiza loan app

This app is managed by Absa bank. It is very genuine with affordable loan interest rates,high loan amounts and good ,polite customer care.

Loan limits ranges from ksh1000 to ksh150,000 at an interest rate of 7.29% for 30 days. 

2. SC Juza loan app

SC Juza is another genuine loan app in Kenya managed by Standard Chartered Bank.

Loan limits ranges from ksh 1000 to ksh 100,000 at a processing fee or 5.5%  and an interest rate of 1.08% in 30 days.

3. KCB M-Pesa

The service is provided by KCB Bank. Loans ranges from Ksh 50 to Ksh 1,000,000 at an interest rate of 8.85% for 30 days.

4. M-Shwari

The service is provided by NCBA Bank. M-Shwari loans range from ksh 1000 to Ksh 150,000 at 7.5% interest rate for 30 days.

5. Vooma loan app 

Vooma is provided by KCB Bank. Loans ranges from Ksh 1000 to Ksh 300,000 at an interest rate of 7.13% for 30 days.

6. Whizz loan app

Loan service is provided by Housing Finance Corporation (HFC). Personal loans maximum limit is Ksh 50,000 at 10% for 30 days.

7. Tala loan app

Loans ranges from Ksh 500 to Ksh 50,000 at an interest rate of 0.3 % for 30 days.

8. Branch loan app

Branch loans are provided by Branch Microfinance Bank. Loans ranges from Ksh 500 to Ksh 300,000 at an interest rate of 1% to 21% in 30 days. Repayment duration can go up to 1 year.

9. Zenka loan app

Loans ranges from Ksh 500 to Ksh 50,000 at an interest rate of 9% to 39% for 30 days

10. Halal Pesa

Loans are provided by Gulf African Bank. Loan limits ranges from Ksh 1000 to Ksh 20,000 at a profit of 5 % for 30 days. No interest is charged.

In conclusion

If you're considering taking a loan from loan apps, start with the genuine loan apps listed above. They have affordable interest rates,high loan amounts and friendly customer care.

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