Do you need quick cash? Are you in a fix and you cant access bank loans?  Mobile loans in Kenya has became  away of life to majority of low income earners in this country. One great thing about mobile loans is the agency at which you get the cash into your Mpesa account. You also need to be cautious not to be hooked to these loan apps. Mobile loan apps can ruin your financial life.

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Below is a list of ten most popular mobile loan apps in Kenya. These are mobile loan apps that will give you money without guarantor.

Top 10 Instant Mobile Loan Apps in Kenya

1. Tala Loan
2. KCB MPesa
3. Mshwari by Safaricom
4. Branch
5. Saida Loan
6. Haraka
7. Zidisha
8. Okoa stima
9. Shika Loan
10. Timiza from Barclays bank
11. Zenka Loan
12. Equity Eazy Loan

According to research, most people survive on mobile loans in Kenya. It is now easy to get instant unsecured loans through Loan Apps in Kenya. Getting personal loans online in Kenya is now faster and easier than getting a traditional bank loan thanks to the introduction of Mobile Banking.

If you need to get a loan of below KSH. 50, 000 you can get instant approval .

How to get quick loan in Kenya

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1.Zenka Loan Kenya

Zenka Mobile Loan App is one of the most popular mobile lenders which offers fast loan app solution in Kenya without the need for collateral.

Unlike most mobile loan apps, in Zenka loan app a customer can conveniently access a loan without necessarily having a smart phone

1. How to register with Zenka on an Android smartphoneTo register with with Zenka on an android smartphone follow these steps:
   1. First open the Google play store to download and install the Zenka loan app on your phone or click here.
   2. Open the app and honestly enter your personal details
   • Your first name
   • Your last name
   • your national ID
   • Education level
   • Source of income
   • Net monthly income
   • email
   • Select a security question
   • Answer to the security question

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2. KCB Mpesa Loan

KCB MPESA is a partnership between Mpesa and KCB which was started in 2015.

Upon activating the account, you will be issued with a loan limit from where you can borrow instantly. Loans issued are deposited into the KCB M-PESA Account.

You can access loan limits from as low as Kes. 50 and up to Kes. 1M.

• Enjoy repayment periods of 30 days.

Loan amount will be sent to your KCB M-PESA Account less the interest, negotiation fee and excise duty which is deducted upfront.

Conditions for KCB Mpesa loan

You must be a member of either KCB Bank or Mpesa for not less than six months.

Dial *844# and follow the steps to activate your KCB Mpesa account.

You can as well use the Safaricom App on your android or Iphone and activate.

Loan repayment can be made via M-PESA or from the KCB M-PESA account.

How does it work?

• Access the M-PESA menu.
• Select Loans and Savings.
• Select KCB M-PESA.
• Select Loan.
• Request Loan.
• Enter amount.
• Enter your M-Pesa PIN

• Loan amount will be sent to your KCB M-PESA Account less the interest, negotiation fee and excise duty which is deducted upfront.
• To access, the loan, go to KCB M-PESA menu and select Withdraw to M-PESA.

2. Mshwari Loan by Safaricom  

Mshwari is a partnership between Safaricom and Commercial bank of Africa. The M-Shwari Deposit Account is a micro-savings product which allows you to securely store your money for a specific purpose or for an unexpected event in your life.

The M-Shwari Loan Account is a micro-credit product which allows you to borrow money in times of need or to complement your savings towards an investment or enterprise. A one-time fee of 7.5% is levied for each loan.

Coditions to get Loan from Mshwari

Be Mpesa Member for not less than 6 Months.

Be an active Mpesa Member

Activate your SIM card for Mshwari.

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Downloan safaricom app here

3. Tala (Formerly Mkopo Rahisi)

If we look bank, back in 2014, Mkopo Rahisi was the first instant mobile loan in Kenya. Rebranded Tala in 2015, Tala maintained the easiest mobile app to get instant loan even with nothing.

Conditions to get Tala Mobile loan

To determine your loan limit, The App depends on your loan repayment behavior and on reading your Mpesa transaction activities. You shouldn’t delete your Mpesa messages.

• Download & install the Tala App from the Google Play store
• Link app to your Facebook account
• Answer a few personal questions

The loans are disbursed through your Mpesa account, and the minimum loan limit is Ksh 500 with a maximum of Ksh 50,000 at an interest rate of 15%.

The loan is to be paid back in weekly installments for three weeks through Mpesa Pay Bill number 851900. Loan defaulters are restricted from qualifying for future loans.

4. Branch

Branch was launched in Kenya in the year 2015. It is an international company based in San Francisco

Just like Tala, Branch has been one of the most popular Mobile loan app in Kenya.

With an active Mpesa account, you are good to go with Brach mobile loan.

Download and install Branch app from the Google Play store, link the app to your Facebook account, provide the required details like Phone number, National ID number, etc. Verify your Phone number by clicking on the link sent to your phone via SMS

The minimum Loan limit is Ksh 1000, and the maximum loan limit is currently unknown. The loan is disbursed via Mpesa, and the interest rate is dependent on the repayment of the weekly installments by the due date, which ultimately increases the credit score and decreases the interest rate.

Download Branch Loan App Here

5. Timiza by Barclays Bank

One of the recently launched loan apps in Kenya is a beautiful loan product from Barclays Kenya, Timiza. The best thing about Timiza is that it is open to anybody with a mobile phone. Most importantly, because you don’t need a Barclays account to use the Timiza App.

It is also suitable for saving, and you increase your chances of getting a loan by depositing money into the App through M-Pesa.

If you are not using a Smartphone, you still can access the loan services from Timiza by dialing *848# on your mobile phone.

To download Timiza Loan App