In recent years, Kenya has become one of the leading countries in mobile banking and payment technology. As a result, the banking industry has been revolutionized, and users now use mobile loan apps for quick, easy, and secure access to personal loans. There are numerous mobile loan apps available in Kenya, and this article outlines the top six mobile apps for loans in the country.
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Branch
Branch provides affordable access to credit for Kenyans, without requiring a bank account. It offers small, short-term loans with a repayment period of up to 30 days.
Tala
Tala is an app that provides quick and easy access to short-term loans for Kenyans. It offers loan amounts from as low as Ksh 500 to as high as Ksh 50,000.
Okash
Okash is a mobile loan app that provides quick access to loans from Ksh 500 to Ksh 50,000. It also offers flexible repayment terms and competitive interest rates.
KCB M-PESA
KCB M-PESA is a joint venture between Safaricom and Kenya Commercial Bank (KCB) that provides mobile money services and access to loans.
Kopa Chapaa
Kopa Chapaa is a mobile loan app that offers short-term loans of up to Ksh 30,000 with repayment terms of up to 30 days.
Timiza
Timiza is a mobile loan app offered by Barclays Bank that provides short-term loans of up to Ksh 50,000. It also offers a range of other financial services.
