Majority of Kenyans take loans through mobile phones. There are many available mobile loan apps but most of them are not good enough. Some of the Apps will charge unrealistic interest rates. Others will access your contacts and start troubling your relatives and friends asking them to remind you to pay the loan. But here is a list of the best places to take mobile loans in Kenya for the year 2024:


Fuliza is owned by Mpesa.It gives a loan of up to Ksh 70,000. The good thing about the App is that it doesn’t list your name in CRB.The loan is approved instantly.

What you need is to have Safaricom line and already using Mpesa.The company will set a limit based on your Mpesa usage history. Loan limit can be increased by repaying your loan in time and also taking loans regularly.

—-Zash Loan

Zash is an App that gives loans instantly.

Loan Amount: KSh 500 – KSh 50,000
 Loan period: 91 days – 365 days
Maximum loan limit: Ksh 50,000

All you need is to install the App and apply for the loan.

The company has a good reputation.


Zenka gives loans of up to Ksh 100,000. The company is best known for increasing loan limits faster. For instance, if you want a loan of Ksh 100,000, start taking loans from today for the next 1 year, your limit will be raised to Ksh 100,000

—–Little Pesa

Little Pesa offers short and long term loans.

About Short-Term Loans

  • Loan available for 7 days, 15 days, 30 days and 62 days.
  • Loan limits: Minimum: Ksh 5,000 Maximum: Ksh 200,000
  • No Processing Charges or Hidden Costs!
  • Competitive Interest Rates of 4.75%, 6.75%, 8.75% & 18.75% for Loan Tenures of 7, 15, 30 and 62 days respectively
  • No Questions asked!
  • Flexible Repayment of Loans through our full or partial repayment module.
  • No Security Required!
  • Three Top ups available within your approved limit across all loan tenures!
  • 100% Interest Refund on every 7th loan provided the previous six loans are paid on or before the due date.
  • Referral Bonus available for referring Colleagues/Friends.

Little Pesa also offers product finance, where you take a loan to buy products like TV, microwave etc.Below are terms for the product finance loans:

  • Loan Repayment spread over 3 – 12 months.
  • Loan Amount available up to Ksh 300,000
  • Competitive Interest Rates of 5% p.m. for 3 months, 4.5% p.m. for 6 months, 4% p.m. for 9 months and 3.5% p.m. for 12 months
  • No Processing Charges or Hidden Costs
  • 10% Down payment required

There is also Flexipay with a loan limit of Ksh 300,000. The repayment period is 3-12 months.


Tala is one of the oldest loan Apps in Kenya. It gives loan of up to Ksh 50,000. The interest rate is as low as 0.3% per day.

Due to the trust Kenyans have on Tala, the loan App has managed to exist until today.


Another best loan App is LendPlus which gives mobile loans of up to Ksh 40,000. The loan is approved within 15 minutes.

Features of the loan

Loan amount Ksh 500 to Ksh 40,000
Loan term From 61 days including all loan extend
Interest rate 2,2% per day
Loan decision 5–15 minutes
Age of borrower 23-60 years old
Occupation Currently employed or with a stable source of income
Location Kenyans that are currently living in the Kenya
What are the requirements National ID, Mobile phone

—-KCB Mobile Loan

You can apply for a loan through your phone from KCB Bank. The first thing to do is open an account with KCS, then install their App.The loan they offer is between Ksh 1,001 and Ksh 300,000.

D. Product Pricing

Loan Repayment Period Interest rate Facilitation Fee rate Total Cost   Penalty  
1 day 1.00% 1.00%     5% p.a.  
 7 days 0.28% 2.50% 2.78%
14 days 0.56% 3.50% 4.06%
30 days 1.21% 5.00% 6.21%
Annuity Loans (Interest accrues daily on outstanding balance, facilitation fee is once off e.g. 93 days = 5% x (0.036% x 93) = 8.34% Total Cost)
3 months 13.00% p.a. 5.00% 5% +0.036% Daily interest accrual   5% p.a.
6 months 13.00% p.a. 5.00%
12 months 13.00% p.a. 5.00%

To get the loan, you must have operated your account for at least 6 months.


Stawika is a mobile loan App that offers instant loan of up to Ksh 20,000.The loan is approved within 10 minutes.


The reviews by iPesa are good.Once you take their loan,they let you pay in peace.

Features of the loan App

1. Loan Amount: 500 Ksh ~ 50,000 Ksh

2. Loan Term: the shortest tenor is 91 days, the longest is 180 days

3. APR : Minimum 36% to Maximum 72%

4. Service Fee: 0%

5. Loan request: Need to be at least 18 years old or above

All you need is to install the App and apply for the loan.

—-Zuri Cash

Zuri Cash loan limit is Ksh 50,000.The App is among those approved by CBK.Once the loan is approved,you will be required to repay within 360 days.

Features of the loan

1. Loan Amount: 500 Ksh ~ 50,000 Ksh

2. Loan Term: the shortest tenor is 91 days, and the longest is 360 days

3. Interest rate: 18%-36% APR


Loan features

– Loan Amount: from KES 2000 to KES 50,000
– Minimum period for repayment: 91 days
– Maximum period for repayment: 365days

—-Equity Bank Eazzy Loan

If you have an account at Equity Bank,there is no need of taking mobile loan elsewhere.Eazzy loan will award you a loan of up to Ksh 3,000,000.

Features of the loan

  1. Loan amounts range between KSh 1,000 and KSh 3,000,000
  2. Loans are available for both one month and multiple monthly Instalments
  3. Funds from the facility are instantly available into your account
  4. Customer is pre-scored and given a loan limit based on ability to repay.

Why you should sign up for this product

  1. Eazzy Loan is an easy loan to get, No guarantors, No forms, no branch visits.
  2. Get up to KSh 3 million instantly
  3. You receive the loan instantly on your phone, saving you valuable time.
  4. It offers a flexible repayment period of up to 24 months.
  5. This loan facility is safe and secure.
  6. Instant loan disbursement


Branch is among the oldest loan Apps in Kenya.The App offers loans from Ksh 500 to Ksh 300,000. Loan terms range from 1 – 12 weeks. Interest ranges from 17% – 35% with an equivalent monthly interest of 1.7% – 17.6% and APR of 22% – 229%, depending on your loan option. There is no collateral necessary. Interest rates are determined by a number of factors, including your repayment history and the cost of lending for Branch.

Contact Information

9th Floor, Reliable Towers,

11 Mogotio Road, Off Chiromo Lane,

Westlands, Nairobi.

+254 730731222

SMS – 24788


FlashPesa loan limit is Ksh 80,000. The company’s loan terms are as follows:

• Loans from Ksh 1000 to Ksh 80,000
• Loan terms: From 91 days to 365 days

The loan is approved within 5 minutes.

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January 19, 2024

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