Choosing a Genuine Loan Apps in kenya can be tricky, but with the right information, you can find a safe and reliable lender. It succinctly captures the growing popularity of instant digital loans in Kenya and neatly positions your article as a guide to navigating the landscape of popular mobile loan apps.
Genuine Loan Apps in kenya For Android Users 2024
Popular Genuine Loan Apps in kenya are listed below. Safaricom’s M-pesa is the nation’s first mobile money transfer and lending app; it has influenced banks and other financial institutions to adopt the instant mobile app lending system and has even formed partnerships with some of these institutions. More and more Kenyans are turning to instant digital loans, particularly in times of need.
Genuine Loan Apps in kenya
- M-pesa by Safaricom: This Genuine Loan Apps in kenya offers loans from Ksh 200 to Ksh 1 million with repayment periods of up to 48 months. It’s available on the Google Play Store.
- Tala: This app offers loans from Ksh 500 to Ksh 70,000 with repayment periods of up to 56 days. It’s available on the Google Play Store.
- Branch: This app offers loans from Ksh 250 to Ksh 600,000 with repayment periods of up to 60 months. It’s available on the Google Play Store.
- Okash: This app offers loans from Ksh 500 to Ksh 70,000 with repayment periods of up to 61 days. It’s available on the Google Play Store.
- Zenka: This app offers loans from Ksh 500 to Ksh 50,000 with repayment periods of up to 30 days. It’s available on the Google Play Store.
Things to Consider Before Choosing a Genuine Loan Apps in kenya:
- Legitimacy: Ensure the app is licensed and regulated by the Central Bank of Kenya.
- Interest Rates and Fees: Compare interest rates and fees across different apps to find the most affordable option.
- Loan Amount and Repayment Terms: Choose a loan amount and repayment term that you can comfortably afford.
- User Reviews and Ratings: Read reviews from other users to get an idea of the app’s reliability and customer service.
- Data Security: Make sure the app has strong data security measures in place to protect your information.
Things to Remember Before Taking a Loan:
- Always borrow from a genuine and licensed lender.
- Read the loan terms and conditions carefully before you agree to them.
- Make sure you can afford the repayments.
- Don’t borrow more than you need.
- Have a plan for how you will repay the loan.
Bank Loan Apps:
- MCo-opCash by the Co-operative Bank of Kenya: This Genuine Loan Apps in kenya offers loans from Ksh 500 to Ksh 70,000 with flexible repayment periods. It’s available on the Google Play Store.
- Timiza app from Absa Bank Kenya Plc: This app offers loans from Ksh 200 to Ksh 1 million with repayment periods of up to 60 months. It’s available on the Google Play Store.
- KCB mobile app from the KCB Bank Kenya Limited: This app offers loans from Ksh 500 to Ksh 2 million with repayment periods of up to 48 months. It’s available on the Google Play Store.
- KCB Vooma by KCB Bank Kenya Limited: This app offers loans from Ksh 500 to Ksh 1 million with repayment periods of up to 24 months. It’s available on the Google Play Store.
- Eazzy app from the Equity Bank Kenya Limited: This app offers loans from Ksh 100 to Ksh 1 million with repayment periods of up to 36 months. It’s available on the Google Play Store.
- NCBA Loop by NCBA bank: This app offers loans from Ksh 500 to Ksh 2 million with repayment periods of up to 60 months. It’s available on the Google Play Store.
- PesaPap by Family Bank: This app offers loans from Ksh 200 to Ksh 1 million with repayment periods of up to 48 months. It’s available on the Google Play Store.
- Wezesha by Absa Bank: This app offers loans from Ksh 200 to Ksh 1 million with repayment periods of up to 60 months. It’s available on the Google Play Store.
- SC Juza by Standard Chartered Bank: This Genuine Loan Apps in kenya offers loans from Ksh 500 to Ksh 1 million with repayment periods of up to 36 months. It’s available on the Google Play Store.