Loan Apps that belong to banks are generally more stable, reliable and mostly offer higher loan limits especially if you have an existing account with good credit score in the bank. So when you go to play store or google store and mpesa app you will find these apps below which are owned by kenyan banks like NCBA, KCB,Equity, family bank etc.
- M-Shwari
This is co-owned by Safaricom & NCBA bank. It is accessible via the M-Pesa menu or app, it allows for instant borrowing and saving with very low interest rates. The repayment period is upto a month. This one looks at the CRB of a person and mpesa transactions to offer a loan limit.
2. Timiza
This is a popular digital wallet owned by ABSA and loan service that provides instant credit to both Absa and non-Absa customers. You just go to playstore and search Timiza, fill in your details and you’ll be shown your limit.
3. KCB M-PESA
Found in mpesa app similar to mshwari. Offers competitive rates for one-month loans and allows for multiple active loans if within your credit limit. Owned by KCB bank and also checks the Crb of someone before giving loans.
4. Equity Mobile / Eazzy Loan
This is owned by Equity bank group. It provides instant loans up to KSh 3 million with flexible repayment periods of up to 24 months for Equity customers. Also checks for CRB and transaction records in the bank.
5. PesaPap
It is owned by Family Bank. It provides quick, reliable and flexible loans for urgent needs without requiring branch visits. You also will fid the app in the playstore.
6. SC Juza App
This loan app is owned by standard chartered bank. It has up to 60 days repayment period and one can qualify for a loan up to 100,000 kenyan shillings.
