Mobile credit lending in Kenya has seen tremendous growth since the launch of M-Shwari in November 2012, a service by Safaricom and the Commercial Bank of Africa (CBA). Today, the sector is populated with various providers, each vying to meet the growing demand for quick and short-term mobile loans. Here is an updated list of the best mobile loan apps in Kenya, based on ratings, reviews, and downloads from the Google Playstore.
Criteria for Ranking
- Ratings of 3.9+
- Reviews of 6K+
- Downloads of 100K+
Top Mobile Loan Apps
- Tala
- Launch Date: March 16, 2014
- Provider: Tala Mobile
- Rating: 4.7 stars
- Reviews: 346K+
- Downloads: 5M+
- Loan Amounts: KES 500 – KES 30,000
- Interest Rates: 11% (21 days), 15% (30 days)
- Download: Tala
- Branch
- Launch Date: March 19, 2015
- Provider: Branch International
- Rating: 4.7 stars
- Reviews: 186K+
- Downloads: 5M+
- Loan Amounts: KES 250 – KES 70,000
- Interest Rates: 13% – 29%
- Repayment Period: 21 days, 30 days
- Download: Branch
- Timiza
- Launch Date: March 15, 2018
- Provider: Barclays
- Rating: 4.2 stars
- Reviews: 10K+
- Downloads: 1M+
- Loan Amounts: KES 50 – KES 150,000
- Interest Rates: 6.08%
- Repayment Period: 30 days
- Download: Timiza
- Zenka
- Launch Date: November 13, 2018
- Provider: Zenka Finance
- Rating: 4.2 stars
- Reviews: 10K+
- Downloads: 500K+
- Loan Amounts: KES 500 – KES 20,000
- Interest Rates: 29% (30 days)
- Download: Zenka
- Okash
- Launch Date: February 1, 2018
- Provider: OneSpot Technology Ltd
- Rating: 4.1 stars
- Reviews: 45K+
- Downloads: 1M+
- Loan Amounts: KES 2,500 – KES 50,000
- Interest Rates: 14% (14 days), 16.8% (21 days)
- Download: Okash
- Opesa
- Launch Date: December 6, 2018
- Provider: TK Ltd
- Rating: 4.1 stars
- Reviews: 14K+
- Downloads: 1M+
- Loan Amounts: KES 2,000 – KES 10,000
- Interest Rates: 16.8% (14 days)
- Download: Opesa
- Okolea
- Launch Date: March 22, 2017
- Provider: Okolea International
- Rating: 3.9 stars
- Reviews: 6K+
- Downloads: 100K+
- Loan Amounts: KES 500 – KES 50,000
- Interest Rates: 5% (2 days), 8% (7 days), 11% (14 days), 13% (21 days), 15% (30 days)
- Download: Okolea
These apps have been evaluated based on user ratings, the number of reviews, and the volume of downloads, ensuring they meet high standards of customer satisfaction and reliability.
