Money lending apps in Kenya
For the longest time, for one to get a loan you had to visit a bank or a sacco, your credit history checked and you could either qualify or not.
If you qualified,you had to wait for a few days for your details to be processed and your loan disbursed.
Good thing is, today you don’t have to worry about all that. You don’t have to worry about what money you have in your account or credit history.
There are several loan lending apps that have helped millions of Kenyans access loans anytime,anywhere at the snap of a finger.
You just request a loan and immediately it’s approved, it reflects in your Mpesa. All you need is to install the apps on your phone and grow your credit worth.
Here are a few mobile apps that you can get loans from in 2020
- Pesa flash
To get a loan with pesa flash, you only need to be a kenyan citizen aged between 21 and 60 years. After downloading the app on your mobile, you can get a loan of between ksh2000-5000.
Zenka offers a 61 days repayment loan of between ksh 500-30,000.It won the most preferred non banking loan platform in 2019.
To get an instant loan from Mshwari, you need to be a regular saver with them. You just go to the safaricom toolkit on your mobile, go to mpesa and request for a loan. The minimum amount you can borrow from Mshwari is Ksh 2000.
Branch offers a loan of between ksh 500-70,000. All you needis to download the app and sign up with either facebook or your google account and select the loan of your choice.
Tala has been in existence for the past 5 years. To get a loan, you just need to download the app and answer a few questions you are then able to borrow money depending on your requirements.
Okash gives instant loans from as low as ksh 1500 to 70,000.Loan is repayable within a duration of 90 days to 365 days.