Absa Financial Kenya Plc (previously Barclays Financial Kenya Limited) is one of the banking companies that have cellular loan software within the Kenya

Timiza app allows profiles to view multiple financial services thru their phones. The support is quick loans, currency transmits, and purchase insurance. Those who never access the Timiza software is also switch *848# to register thereby applying having cellular funds regarding Absa Lender.

6. Part

Branch is one of financing programs during the Kenya in the place of CRB monitors. Registration is free contained in this and beyond your country. You can availability up to Ksh.70,one hundred thousand toward Part app thru cell phones. Funds is acknowledged in 24 hours or less from application, there are not any invisible fees. Also, Part cannot fees later costs otherwise rollover costs.

7. Shika

Shika is amongst the borrowing from the bank software giving more than just financing. It’s got cool features to own texting and offers this new development for the government, football, activities, an such like. Shika application computers several lenders just who bring borrowing from the bank so you can subscribers. Financing on this application was tailored to suit startups into the farming, advantage loans, and invoice discounting.

8. iPesa

iPesa mortgage software has the benefit of loans out of Ksh. five hundred to help you Ksh. 50,100000 in this 91 days so you can 180 months. Its yearly rate of interest is actually 12%, as well as the app doesn’t have services charge. Obtain the brand new iPesa software towards the cellular telephone, install it, register with your M-Pesa matter, and ask for that loan. Paying the credit promptly slowly grows the loan limitation so you can as much as Ksh. fifty,100.

nine Seneca payday loans paydayloanssouthcarolina.org. Zenka

Of a lot consumers from inside the Kenya love Zenka application. The first loan is actually notice-free and also no services fee. You simply pay-off extent your debt inside stipulated day, which is usually 61 days. You might install the brand new software to the phone regarding the Zenka webpages. Just after filling out the application form and you may registering effectively, might receive the loan within just five full minutes.

ten. Zidisha

Zidisha is just one of the most readily useful the brand new financing applications inside Kenya. It’s a low-cash lending program, plus borrowing from the bank comes from independent loan providers, perhaps not the business in itself. The new software only connects lenders in order to individuals. You should be functioning otherwise running a business, provides a dynamic Twitter membership, a nationwide ID, a subscribed Safaricom sim cards, and you will a credit score to help you be eligible for Zidisha borrowing from the bank.

eleven. Okash

Okash brings private and you may loans all the way to Ksh. sixty,100. Obtain the fresh new software of Yahoo Enjoy Store, install it, and you may check in to locate instantaneous funds. Okash software determines the loan restriction and you can fee months because of the looking at the private facts you render throughout membership. Brand new annual interest for the Okash money was 14%.

a dozen. Eazzy

Like many financing apps in the Kenya, Guarantee bank’s Eazzy app brings instant finance within 24 hours out-of profitable application. The new loans are disbursed toward Collateral checking account, Mpesa range, or Equitel sim card.

Control *247# to find the mortgage right to your own sim cards rather than making use of the software. You’re qualified to receive to KSh2 mil within the borrowing, while the system determines your loan limitation. It also offers a flexible payment ages of up to a dozen days.

The software deducts funds from your account into the instalments during the an effective 13 % per annum interest rate. You’ll be able to shell out the Eazzy app quick money using your Equitel sim card otherwise have fun with Mpesa Paybill count 247263 and your Guarantee membership amount.

13. Utunzi

Utunzi borrowing software suits Meters-Pesa profiles. So it mobile money borrowing program now offers private and you can organization credit away from Ksh.three hundred in order to Ksh.1,100,000. Utunzi app lets an installment age 91 weeks to help you thirty-six months at an excellent several% solution percentage and you can a yearly notice regarding a dozen%. You also spend a supplementary Ksh.400 while the a yearly membership administration commission.