Why you can trust Loanappskenya?
We are committed to bringing you unbiased ratings and information. Our studies are not influenced by advertisers. We use data-driven methodologies to evaluate best loan apps and the trustworthiness of an institution. We also commissioned a survey of 200 adults to determine what Kenyans want from loan apps. Read our rating methodology, review methodology, and the scoring methodology to learn more about the ratings below.
- 157 national banks and credit unions analyzed
- 51 digital lenders investigated
- 20 data points weighed and ranked
| Lender | User Ratings | Best for... | APR range | Loan term | Loan amount | |
|---|---|---|---|---|---|---|
| Branch | Excellent credit | 22%-229% | 1-12 months | kes250 -Kes300,000 | See Personalized Results | |
| M-Shwari Loan | Transparency | 9% - 108% | 1 to 30 days | Kes100 - Kes50,000 | See Personalized Results | |
| Equity Eazzy Loan | Large loans with minimum fees | 7% - 35% | 1 to 24 months | Kes3,000 - Kes3,000,000 | See Personalized Results | |
| KCB M-Pesa | Big loans with transparency | 8.93% – 180% | 1 to 12 months | Kes1,000 - Kes1,000,000 | See Personalized Results | |
| Zenka Loan | small loan with transparent repayment | 475% - 1043% | 7 to 61 days | Kes500 - Kes200,000 | See Personalized Results | |
| Timiza Loan | Small loans | 22% - 183% | 7 to 30 days | Kes500 - Kes250,000 | See Personalized Results | |
| Tifi Slice Loan | Large loan with bad credit history | 21.6% - 72% | 7 to 61 days | Kes500 - Kes400,000 | See Personalized Results | |
| Tala Loan | small loan with bad credit | 109.5% - 219% | 30 to 61 days | Kes1000 - Kes50,000 | See Personalized Results | |
| Vooma loan | Large loans | 22% - 229% | 1 to 30 days | Kes1,000 - Kes1,000,000 | See Personalized Results | |
| SC Juza loan | Small loan with low interest | 1.6% - 19.2% | 1 to 61 days | Kes1,000 - Kes100,000 | See Personalized Results | |
| Pesapap loan | Small loans with low interest | 22% - 229% | 1 to 30 days | Kes1,000 - Kes50,000 | See Personalized Results | |
| Fuliza loan | Smalls loans with bad credit history | 22% - 229% | 1 to 30 days | Kes10 - Kes100,000 | See Personalized Results | |
| Hustler Fund | Small loans with quick approval | 22% - 98% | 14 to 30 days | Kes1000 - Kes50,000 | See Personalized Results | |
| McoopCash | Small loans with low interest rate | 17% - 35% | 1 to 3 months | Kes1000 - Kes500,000 | See Personalized Results |
A mobile loan app is a type of digital lending that offers an unsecured personal loan to borrowers who require instant and emergency funding. These mobile loan apps are financial platforms that disburse credit to borrowers who have low creditworthiness. Some of the loan apps in this document do not require checking the CRB to be eligible for a loan. However, legitimate unsecured personal loans, such as Equity Eazzy Loan, Mshwari loan, Fuliza Loan, KCB M-Pesa Loan, Timiza Loan, and MCO-Op Cash, require a borrower to clear their negative CRB listings before the loan is disbursed. Loan apps such as Branch, Zash Loan, Tala, TiFi Slice, Ipesa, and Hustler Fund do not require any CRB checks; a borrower that is blacklisted is able to apply for a loan.
The loan apps discussed below are recommended because of their ease of loan disbursal. The loan apps discussed below have low interest rates compared to other digital lenders on the market. Loan amounts typically range from Ksh. 1000 to Ksh. 50,000, with few lenders offering loan amounts up to Ksh. 3,000,000. When searching for the best loan apps, consider those that offer user-friendly interfaces, transparent terms, quick approval processes, and low interest rates. Always review the terms and conditions carefully and compare multiple options to find the best fit for your financial needs.
Branch loan app
Branch is an online lender that offers a range of products, including large personal loans that you can use for various purposes, such as debt consolidation, home improvement, medical expenses, major purchases, and emergency funds.
Why we like it?
Branch offers loans with interest rates as low as a monthly interest rate of 1.7%, which is one of the lowest minimum interest rates among personal loan lenders. Branch has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
Although Branch loan charges rates as low as 1.7%, some borrowers could be offered the maximum rate of 17%–35%, which is high compared to other lenders. The repayment period for the Branch loan is short, ranging from 1 to 12 weeks. which may force the borrower to encounter a late payment penalty fee of 6%.
Who is it best for?
A Branch unsecured personal loan is best for borrowers with bad credit histories or who may have inconsistent income. The Branch is one of the best loan apps that provides financial support to small businesses struggling to maintain a positive cash flow.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- No CRB Checking
- No Collateral
- Valid phone number
Loanappskenya Advisor Rating
M-Shwari
M-Shwari is a mobile lender that offers a range of products such as savings and checking accounts, including small, easy personal loans that you can use for various purposes, such as medical treatments, vehicle expenses especially unexpected car repairs or maintenance costs, unpaid tolls or traffic fines, unexpected towing or roadside assistance and lastly for home maintenance.
Why do we like it?
M-Shwari offers loans with a monthly interest rate of 9%, which is one of the highest interest rates among personal loan lenders. M-Shwari has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
M-Shwari loan charges a facility fee of 7.5% on each loan disbursed and a roll over fee of 7.5% for all loan principal balances those are unpaid on day 31, which is high compared to other lenders. The repayment period for the M-Shwari loan is short, which is 30 days. which may force the borrower to encounter a late payment penalty fee of 7.5% for extending the loan
Who is it best for?
An M-Shwari unsecured personal loan is best for borrowers with an emergency and no collateral. The loan is suitable for students without enough fees.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- Checks CRB listing
- No Collateral
- Valid phone number
Loanappskenya Advisor Rating
Equity Eazzy loan
Equity Eazzy is a mobile loan app that offers a range of products, including large personal loans, that you can use for various purposes such as business expenses such as marketing, inventory, and equipment repair. Other purposes include personal expenses; household expenses; and vehicle expenses.
Why we like it?
Equity Eazzy Loan offers loans with interest rates as low as a monthly interest rate of 2% to 10%, which is one of the lowest minimum interest rates among other loan apps disbursing unsecured personal loans. Equity Eazzy Loan has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
Although Equity Eazzy Loan charges rates as low as 2%, some borrowers could be offered the maximum rate of 10%, which is high compared to other lenders. The repayment period for the Equity Eazzy Loan is short, ranging from 1 to 24 months. This may force the borrower to encounter a late payment penalty fee of 6%.
Who is it best for?
An Equity Eazzy unsecured personal loan is best for borrowers with no collateral but who would like to expand their business. It is suitable for students without collateral but want school fees or pocket money.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- Checks CRB listing
- No Collateral
- Valid phone number
- It takes up to 6 months to assign loan limits.
Loanappskenya Advisor Rating
KCB M-Pesa
KCB M-Pesa is a mobile lender that offers a range of products, including large personal loans that you can use for various purposes such as business expenses such as marketing, inventory, and equipment repair. Other purposes include personal expenses; household expenses; and vehicle expenses.
Why we like it?
KCB M-Pesa offers loans with interest rates as low as a monthly interest rate of 2% to 8.93% for a loan term of 30 days, which is one of the lowest minimum interest rates among personal loan lenders. KCB M-Pesa has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
The repayment period for the KCB M-Pesa loan is short, ranging from 30 days to 24 months for a higher loan limit. This may force the borrower to encounter a late payment penalty fee of 10% per year.
Who is it best for?
An KCB M-Pesa unsecured personal loan is best for borrowers with no collateral who would like to expand their business.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- Checks CRB listing
- No Collateral
- Valid phone number
- It takes up to 6 months to assign loan limits.
Loanappskenya Advisor Rating
Zenka loan app
Zenka is a loan app that offers a range of products, including small personal loans that you can use for various purposes such as business expenses such as marketing, inventory, and equipment repair. Other purposes include personal expenses; household expenses; and vehicle expenses.
Why do we like it?
Zenka offers a quick loan approval process. Zenka has flexible withdrawals so that you can access your money anytime, anywhere.
Use the promo code LOANAP during your application and enjoy exclusive savings on your repayment.
What we don’t like
Zenka loan charge a higher interest rate of 9% to 39%. This means you will have to pay for higher loan amounts.
Who is it best for?
A Zenka unsecured personal loan is best for borrowers with bad credit histories or who may have inconsistent income. Zenka is one of the best loan apps that provides financial support to borrowers with financial emergencies.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- No CRB Checking
- No Collateral
- Valid phone number
Loanappskenya Advisor Rating
Timiza loan app
Timiza is a loan app that offers a range of products, including large personal loans that you can use for various purposes. The purpose of Timiza loan varies depending on individual usage; however, these loan can be used for household expenses such as utility bills, rent or mortgage payments, home repairs and maintenance. Additionally, the loan can be used for business expenses, medical expenses, and personal expenses, such as unexpected funeral expenses, relocation expenses, unexpected legal expenses, such as court fees or attorney fees, and debt consolidation without collateral.
Why we like it?
The Timiza loan app charges 1% to 3% on a daily basis and a 15% monthly interest rate. Timiza has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
Timiza loan has a short repayment period of 30 days.
Who is it best for?
A Timiza unsecured personal loan is best for borrowers with bad credit histories or who may have inconsistent income. Timiza is one of the best loan app that provides financial support to small businesses struggling to maintain a positive cash flow.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- Checks CRB listing
- No Collateral
- Valid phone number
- It takes up to 6 months to assign loan limits.
Loanappskenya Advisor Rating
TiFi Slice
TiFi Slice is a mobile lender that offers easy and fast loans without checking if you’re blacklisted by CRB. This makes it legitimate for borrowers who want quick and easy loans, even if they have a bad credit score. Tifi Slice loan be used for the following purposes;
Medical Expenses
- Unforeseen medical treatments: Unexpected surgeries, procedures, or treatments.
- Prescription medications: High-cost medications not covered by insurance.
- Dental emergencies: Urgent dental procedures or repairs.
Vehicle Expenses
- Repairs and maintenance: Unexpected car repairs or maintenance costs.
- Tolls and fines: Unpaid tolls or traffic fines.
- Emergency towing: Unexpected towing or roadside assistance.
Household Expenses
- Utility bills: Late payments or unexpected increases in utility costs.
- Rent or mortgage payments: Temporary assistance for rent or mortgage payments.
- Home repairs: Urgent repairs to prevent damage or maintain safety.
Personal Expenses
- Debt consolidation: Combining multiple debts into a single loan with a lower interest rate.
- Funeral costs: Unexpected funeral expenses.
- Relocation expenses: Temporary assistance for moving costs.
- Legal fees: Unexpected legal expenses, such as court fees or attorney fees.
Why do we like it?
TiFi Slice offers a loan of up to Ksh. 400,000
TiFi Slice charges a minimum 1.8% to Maximum 6% monthly interest rate.
What we don’t like
TiFi Slice loan app contains some hidden fees, which may be bad for borrowers. The main reason we don’t is because of a lack of transparency.
Who is it best for?
A TiFi Slice unsecured personal loan is best for borrowers with bad credit histories or who may have inconsistent income.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- No CRB Checking
- No Collateral
- Valid phone number
Loanappskenya Advisor Rating
Tala loan
Tala is an online lender that offers a range of products, including small personal loans, that you can use for various purposes, such as medical expenses such as unseen medical treatments, prescription medications, and dental emergencies. Other purposes the loan can serve include business expenses such as marketing, inventory, and equipment repair; personal expenses; household expenses; and vehicle expenses.
Why we like it?
Tala offers loans with interest rates as low as a monthly interest rate of 0.3%, 0.6% {daily}, and 15% {monthly}, which is one of the lowest minimum interest rates among personal loan lenders. Tala has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
Although Tala loan charges rates as low as 15% {monthly}, some borrowers could be offered the maximum rate of 17%–35%, which is high compared to other lenders. The repayment period for the Tala loan is short, ranging from 61 days. This may force the borrower to encounter a late payment penalty fee of 8%.
Who is it best for?
A Tala unsecured personal loan is best for borrowers with bad credit histories or who may have inconsistent income. Tala is one of the best loan apps that provides financial support to small businesses struggling to maintain a positive cash flow.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- No CRB Checking
- No Collateral
- Valid phone number
Loanappskenya Advisor Rating
Vooma loans
Vooma is a mobile loan app that offers a range of products, including large personal loans that you can use for various purposes such as business expenses such as marketing, inventory, and equipment repair; personal expenses; household expenses; and vehicle expenses. Other purposes the loan can serve include medical expenses such as unseen medical treatments, prescription medications, and dental emergencies; personal expenses; household expenses; and vehicle expenses.
Why we like it?
Vooma offers loans with interest rates as low as a monthly interest rate of 2% to 8.93% for a loan term of 30 days, which is one of the lowest minimum interest rates among personal loan lenders. Vooma has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
The repayment period for the Vooma loan is short, ranging from 30 days to 24 months for a higher loan limit. This may force the borrower to encounter a late payment penalty fee of 10% per year.
Who is it best for?
A Vooma unsecured personal loan is best for borrowers with no collateral who would like to expand their business.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- Checks CRB listing
- No Collateral
- Valid phone number
- It takes up to 6 months to assign loan limits.
Loanappskenya Advisor Rating
Pesapap Mobile loans
Pesapap is owned and controlled by Family Bank. Pesapap is a mobile lender that offers easy loans, including large personal loans that you can use for various purposes such as medical expenses such as unseen medical treatments, prescription medications, and dental emergencies. Other purposes the loan can serve include business expenses such as marketing, inventory, and equipment repair; personal expenses; household expenses; and vehicle expenses.
Why do we like it?
Pesapap offers loans with interest rates as low as a monthly interest rate of 2%, which is one of the lowest minimum interest rates among personal loan lenders. Pesapap has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
Although Pesapap charges rates as low as 2%, its loan products contain more additional fees, which is high compared to other lenders. The repayment period for the Pesapap loan is short, which is 30 days. This may force the borrower to encounter a late payment penalty fee of 6%.
Who is it best for?
A Pesapap unsecured personal loan is best for borrowers with bad credit histories or who may have consistent income. Pesapap is one of the best loan apps that provides financial support to small businesses struggling to maintain a positive cash flow.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- Checks CRB listing
- No Collateral
- Valid phone number
- It takes up to 6 months to assign loan limits.
Loanappskenya Advisor Rating
Fuliza loans
Fuliza is an overdraft loan disbursed within an M-Pesa transaction. Fuliza loan is a soft unsecured personal loan that can be accessed through an M-Pesa transaction. The loan can be used for household expenses such as utility bills, rent or mortgage payments, home repairs, and maintenance. Other purposes of Fuliza loan include covering personal expenses, such as unexpected funeral expenses, relocation expenses, unexpected legal expenses, such as court fees or attorney fees, and debt consolidation without collateral.
Why we like it?
Fuliza offers loans with interest rates as low as a daily interest rate of 1%, which is one of the lowest minimum interest rates among personal loan lenders. Fuliza has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
The repayment period for the Fuliza loan is only 30 days. This may force the borrower to default on the Fuliza loan.
Who is it best for?
Fuliza personal loans are best for borrowers with bad credit histories or who may have inconsistent income. Fuliza is best for borrowers who need an overdraft loan to complete an M-Pesa transaction.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- No CRB Checking
- Must be an active M-PESA customer for a minimum of 6 months
- No Collateral
- Must be a registered M-PESA Customer
Loanappskenya Advisor Rating
Hustler Fund loan app
Hustler Fund is a personal loan lender that offers a range of products, including short-term and long-term savings. The purpose of Hustler Fund loans varies depending on individual usage; however, these loans can be used for household expenses such as utility bills, rent or mortgage payments, home repairs, and maintenance. Additionally, the loan can be used for business expenses, medical expenses, and personal expenses, such as unexpected funeral expenses, relocation expenses, unexpected legal expenses, such as court fees or attorney fees, and debt consolidation without collateral. To understand more about the fund read our full review guide on Hustler Fund loan review.
Why we like it?
Hustler Fund offers loans with interest rates as low as 8% per year, which is one of the lowest minimum interest rates among personal loan lenders. Hustler Fund has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
Hustler Fund has a short repayment period of 14 days and can be extended to 30 days.
Who is it best for?
The Hustler Fund loan is best for small rural business owners who need a quick and easy loan with a minimal approval process.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- No CRB checking
- No collateral
- Valid phone number
Loanappskenya Advisor Rating
MCo-Op Cash loan app
MCo-Op Cash is a loans app that offers a range of products, including large personal loans that you can use for various personal expenses, such as unexpected funeral expenses, relocation expenses, unexpected legal expenses, such as court fees or attorney fees, and debt consolidation without collateral.
Why we like it?
MCo-Op Cash offers loans with interest rates as low as a monthly interest rate of 1.7%, which is one of the lowest minimum interest rates among personal loan lenders. MCo-Op Cash has flexible withdrawals so that you can access your money anytime, anywhere.
What we don’t like
MCo-Op Cash charges a one-off fee of 8% for a term of 1 month, 10% for a loan term of 2 months, and 12% for a loan term of 3 months on the loan amount + 0.034% pm insurance fee (insurance is for all loan types) + excise duty of 20%.
Who is it best for?
MCo-Op Cash personal loan is best for borrowers with good credit histories or who may have a consistent income. MCo-Op Cash is one of the best loan apps that provides financial support to small businesses struggling to maintain a positive cash flow.
Pros and Cons
Pros
Cons
Eligibility
- Valid National ID
- Checks CRB listing
- Collateral
- Valid phone number
- It takes up to 6 months to assign loan limits
Loan Details
- Loan Amount: KSh 1,000 – KSh 500,000
- Repayment Period: 1 to 3 months
- Approval: Same day
Loanappskenya Advisor Rating
What is a Personal loan without CRB?
A personal loan without CRB (Credit Reference Bureau) typically refers to a loan product that does not require the lender to check the borrower’s credit history or CRB status before approval. Such loans are designed to be accessible even to individuals with poor credit scores, a lack of credit history, or those blacklisted by CRB.
Key Features of Personal Loans Without CRB:
- No Credit Check: The lender does not perform a credit check or rely on CRB reports to evaluate the borrower’s creditworthiness.
- Alternative Eligibility Criteria: Lenders often focus on other factors like income, employment status, bank statements, or collateral to assess the borrower’s ability to repay.
- High Interest Rates: Due to the higher risk involved, these loans often come with higher interest rates compared to traditional loans that require CRB checks.
- Short-Term Nature: These loans are usually offered for smaller amounts and shorter repayment periods.
- Quick Approval: The approval process is typically faster, as it skips the credit history verification step.
Who Can Benefit?
- Individuals with poor or no credit history.
- People blacklisted or negatively listed on CRB.
- Borrowers in urgent need of funds who cannot go through a lengthy credit check process.
Personal loans without CRB check Rates
| Credit Score Range | Average APR | Average Loan Amount (KES) |
|---|---|---|
| 720+ | 17.43% | 2,394,828 |
| 680-719 | 30.65% | 1,861,121 |
| 660-679 | 44.74% | 1,285,395 |
| 640-659 | 58.24% | 1,026,687 |
| 620-639 | 75.18% | 790,475 |
| 580-619 | 117.65% | 573,011 |
| 560-579 | 160.30% | 428,077 |
| Less than 560 | 191.19% | 333,437 |
How Loanappskenya chose the best personal loan lenders
We reviewed more than 51 digital lenders and 25 banks that offer personal loans to determine the overall best 15 loan products. To make our list, lenders must offer competitive APRs. From there, we prioritize lenders based on the following factors:
- Accessibility: Lenders are ranked higher if their personal loans can be accessed by more people and require minimum conditions. This may consist of faster funding and easier and more transparent prequalification and application processes.
- Rates and terms: Loanappskenya prioritizes lenders with more competitive fixed rates, fewer fees and greater options for repayment terms, loan amounts and APR discounts.
- Repayment experience: Loanappskenya considers each lender’s reputation and business practices. We also favor lenders that report to all major credit bureaus, offer reliable customer service and provide any unique perks to customers, like free wealth coaching.
- Convenience: Loanappskenya ensures that lenders prioritize a seamless borrowing experience by offering user-friendly platforms, quick application processes, and faster approvals. We highlight lenders that provide mobile-friendly services and support tools, making it easier for borrowers to access personal loans anytime and anywhere.
- Affordability: Loanappskenya focuses on connecting users with lenders offering competitive interest rates, minimal fees, and affordable repayment plans. By prioritizing affordability, we help borrowers secure loans that fit their budgets without overburdening them with excessive costs.
- Flexibility: Understanding that borrowers have diverse financial needs, Loanappskenya emphasizes lenders that provide a variety of loan options, adjustable repayment terms, and loan amounts. This flexibility ensures borrowers can find loans tailored to their unique circumstances.
- Availability: Loanappskenya ranks lenders higher if their loans are accessible to a wider audience. This includes considering lower credit requirements, broader geographic reach, and services that cater to diverse borrower profiles, ensuring no one is left behind.
- Transparency: Loanappskenya values lenders who maintain clear communication and upfront disclosure of loan terms, fees, and conditions. We favor those who simplify complex financial jargon, empowering borrowers with the information needed to make informed decisions confidently
According to Loanappskenya systematic scoring and review process, the best personal loans come from Branch, M-Shwari, Tifi Slice, KCB M-Pesa, Equity Eazzy loan, Fuliza, SC Juza, Zenka, Vooma and Timiza.
Loanappskenya reviews and fact-checks our top lender picks on a monthly basis.
