Timiza application allows users to view multiple banking attributes via the mobile phones. The assistance are immediate loans, money transmits, and buy insurance rates. Individuals who dont availableness the brand new Timiza application is dial *848# to join up and apply for mobile financing from Absa Lender.

6. Department

Branch is regarded as financing software for the Kenya in the place of CRB checks. Subscription is free in this and you can outside the nation. One can supply to Ksh.70,000 to the Branch software thru cell phones. Financing is actually approved within 24 hours out-of application, and there are not any invisible fees. Additionally, Branch cannot costs late fees or rollover charges.

seven. Shika

Shika is among the borrowing from the bank applications giving more than just finance. It has got different features for txt messaging and offers the fresh reports towards government, football, activities, etc. Shika application hosts numerous loan providers exactly who bring borrowing to help you website subscribers. Financing about application try customized to suit startups during the agriculture, resource finance, and you can invoice discounting.

8. iPesa

iPesa loan app offers loans regarding Ksh. five hundred in order to Ksh. fifty,000 contained in this 91 weeks to help you 180 days. The yearly interest rate try a dozen%, while the app does not have service costs. Obtain this new iPesa app into the mobile phone, install it, sign up to the Meters-Pesa number, and request a loan. Paying the credits on time gradually develops your loan limitation to help you to Ksh. fifty,000.

9. Zenka

Of several borrowers in the Kenya love Zenka application. Your first financing was appeal-totally free and contains no solution percentage. You just pay back the quantity you borrowed when you look at the stipulated go out, which is constantly 61 months. You could install this new app on mobile throughout the Zenka web site. Shortly after completing the application form and you can joining effectively, you are going to receive the loan in under five minutes.

ten. Zidisha

Zidisha is amongst the ideal the financing applications into the Kenya. It’s a low-money financing program, along with your borrowing arises from independent loan providers, perhaps not the organization in itself. New software only links lenders so you’re able to borrowers. You really must be working or in operation, has an active Twitter account, a nationwide ID, an authorized Safaricom sim card, and a beneficial credit history in order to be eligible for Zidisha borrowing.

eleven. Okash

Okash provides personal and business loans as much as Ksh. 60,100000. Down load the newest application from Yahoo Enjoy Store, set it up, and you will sign in to track down immediate money. Okash application find the loan restrict and payment several months from the checking out the personal info your promote throughout the membership. Brand new annual rate of interest to your Okash fund was fourteen%.

several. Eazzy

Like many mortgage software in Kenya, Guarantee bank’s Eazzy app gets quick loans within 24 hours away from winning application. The newest fund try disbursed into Collateral family savings, Mpesa line, or Equitel sim cards.

Switch *247# to get the financing directly to their sim credit in place of by using the software. You are entitled to as much as KSh2 million in the borrowing, therefore the system identifies your loan limit. Moreover it also provides a flexible cost age up to twelve weeks.

The latest application deducts funds out of your account when you look at the instalments paydayloansoklahoma.org payday loans Cushing on a good thirteen % per year interest. You may want to pay their Eazzy application instant funds throughout your Equitel sim card or use Mpesa Paybill count 247263 plus Equity account number.

13. Utunzi

Utunzi credit app provides Meters-Pesa pages. It mobile money borrowing system has the benefit of individual and you can company credits regarding Ksh.three hundred to Ksh.step one,100000,000. Utunzi software lets an installment ages of 91 days to thirty six months within a beneficial several% provider payment and you will a yearly attention away from twelve%. In addition shell out a supplementary Ksh.eight hundred since the a yearly membership administration fee.