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Tag: loan apps

  • Mobile Loan Apps that are Owned by Banks in Kenya

    Mobile Loan Apps that are Owned by Banks in Kenya

    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.

    1. 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.

  • Top Mobile Loan Apps in Kenya for Quick Money

    Top Mobile Loan Apps in Kenya for Quick Money

    1. Zash Loan App

    Zash loan app is one of the leading mobile leanding apps in kenya as its common and known by so many people. They offer loans ranging from ksh500 to 200000 kenyan shillings. The amount one qualifies increases as you build credibility and so does the repayment period. They only need your ID and like two to three referees and you can check your loan limit. You can watch to know more here (click).

    2. Zenka

    Zenka is another loan loan. Gives one for 30 days the first time. Advntage with them they give you the amount you want they add intrest after. Range is from 500 to 200,000 Kenyan Shillings.

    3. Kashbean

    Ideal for individual seeking instant loans with less documentation. Maximum loan limit is 200,000 kshs but increases as one repays on time. Repayment goes up to 91 days. You should note, as a firstimer you might just get a loan limit of 500 kenyan shillings but it goes up as you repay on time.

    4. Kashway

    This loan app is also good. Repayment period normally starts with 14 days but as you build trust, it increases with the loan amount. Loan limit is upto 200,000 also. No CRB required. No hidden fees unless you late on repayment.

    5. Bayes

    Bayes has a range of 1000 to 500000 kenyan shillings. The repayment goes from 30 days to 180 days. The have good customer service. They even respond to chats on whatsapp. Once your loan is approved, its kept in the bayes app then you able to transfer it anywhere you want like to mpesa or even bank account.

    6. Instacash

    This loan app, actually all loan apps i have mention above entailing this can all be found in playstore. Instacsh as a first-timer you can be given 7 days repayment but increases as you build trust. The loan apps has several loans inside it meaning you can even take another loan category without paying back another first so that you pay back all of them at once.

    In conclusion, loan apps are good. They assist one in cases of emergencies and even can save life’s but caution should precede everything. Do not take a loan with no plan especially no plan of paying back. It affects your credibility and next time when you need it most you wont qualify.