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May 30, 2018

Instant Mobile Loans in Kenya

Instant Mobile Loans in Kenya Image
  1. BRANCH MOBILE LOAN APP

An applicant can acquire as low as Kshs. 250 to highs of 50,000. Branch mobile App can be linked to Facebook and gives loans through the MPESA. The interest on the loan ranges from 1% to 4%. The interest rate becomes better as one continues procuring loans and maintaining good credit history. This mobile loan app service does not charge lateness or rollover fees.

 How to acquire the Branch loan App       

  • Download the Branch loan
  • Sign up using Facebook
  • Fill in the required particulars desired
  • An applicant can authenticate the account by clicking on the link that will be referred to you through SMS in your phone

 

  1. TALA MOBILE LOAN APP

Tala was formerly referred to as Mkopo Rahisi. An applicant can only access the loan through the Mobile Money Service MPESA. With the Tala mobile loan app one is able to check their credit limit and see testimonials from people who have been using the loan.

  1. UTUNZI MOBILE LOAN APP

How to acquire the Utunzi loan;

  • Login into your utunzi app
  • Then select ‘Apply for a loan’
  • Enter the amount of money you wish to borrow
  • Answer the questions provided
  • Attach a photo of your Identification Card
  • Submit
  • If your application is approved, the loan amount applied for will be sent to you via your MPESA number. The duration of repaying the loan is at variance as per amount loaned out

Use this number ‘800950’ as the Utunzi Ventures Pay-bill number

  1. STAWIKA MOBILE LOAN APP

Stawika Mobile Loan app is an Android mobile app currently based in Kenya that offers instant mobile loans. Stawika mobile loan usually evaluates mobile phone data as well as other factors to assign loans. This process takes less than 5 minutes.

  1. HARAKA MOBILE LOAN APP

How to acquire the Haraka mobile loan app;

  • Create your account using Facebook login
  • Apply for the loan
  • Receive your loan straight in your mobile wallet

Features;

  • No paperwork is needed
  1. SAIDA MOBILE LOAN APP

With the Saida mobile loan app an applicant can access loans of up-to 25,000 with a duration period of repaying the loan is 90days. When you are starting the loan limit is small but it increases as you improve your profile through repaying the loan on time

How to acquire a Saida mobile app;

  • Download the Saida mobile loan app
  • Create a Saida account
  • Answer the personal questions given
  • Saida will notify you of the amount of money you can apply for
  • The loan issued will be sent to your M-Pesa account immediately
  • The repayment terms will be explained
  1. JAZIKA MOBILE LOAN APP

How to acquire the Jazika mobile loan App?

  • Download the Jazika Loan app from google play
  • Create an account
  • Answer the personal questions given
  • Jazika will notify you of the amount of money you can apply for
  • The loan issued will be sent to your M-Pesa account immediately
  • The repayment terms will be explained
  1. EAZZY BANKING APP

The Eazzy banking App is a type of bank account on your phone. An applicant can acquire an Eazzy loan of up to Kshs. 3,000,000 instantly on your phone.

Requirements;

  • An applicant must have:
  • An active Equity Bank account for at least 6 months
  • An active Equitel line
  • An Eazzy App

Features;

  • An applicant does not need to fill any forms
  • There are no guarantors required
  • It is an instant loan
  • Repayment term period is up to 12 months
  • It is safe and secure

How to access Eazzy loan from your Equitel line;

  • Go to the Equitel menu
  • Choose My Money
  • Select loans
  • Select Get Loan
  • Select the Loan Type you want
  • Select the Account
  • Enter the Amount
  • Confirm the Details
  • Enter your PIN
  • Click on the Navigation menu (=) on the top left corner
  • Log onto the Eazzy App

How to access Eazzy Loan from Eazzy App;

  • Choose loans
  • Click on the (+) sign at the bottom right hand side
  • Select request loan
  • Choose the bank account that the loan should be deposited into
  • Type in the amount you would like to borrow
  • Click enter (The sliding bar will become active and using the tool, you will be able to see payment details i.e. the loan duration, estimated amount due and estimated repayment date)
  • Click on the request loan
  • Confirm details, accept the terms and conditions and click request loan
  • You will receive an SMS confirmation

If an applicant does not have an Equity Bank account, simply dial *247# using your current number and open one instantly.

Pick your Equitel line today at any Equity Branch or at select Equity Agents

  1. CRAFT MOBILE LOAN APP

Craft app is a mobile loan App that enables instant application of loan to Craft inventors. The decision is instant. When the loan is approved, the cash is sent immediately and into your MPESA account.

  1. OKASH MOBILE LOAN APP

This is a mobile loan app by Opera.

How to acquire Okash mobile loan App?

  • Create an account using the M-Pesa login
  • Apply for the loan
  • Receive the loan issued straight into your M-Pesa
  • An applicant can build up the loan limit by making repaying the loan on time
  1. ZIDISHA MOBILE LOAN APP

The main objective of this mobile loan app is to connect entrepreneurs with the lenders. The loans are usually funded by the other Zidisha members, not banks.

Requirements;

  • An applicant must own a Facebook account with extensive social connections
  • Ought to have a source of income that will allow you to make repayments each week
  • Be able to secure recommendations from people in the community

Features;

  • An applicant does not need to have collateral assets, a bank account, guarantors, or a salaried job to raise a loan
  • Free interest
  • Each loan contains a 5% of service fee
  • The duration of repaying the loan is flexible
  1. USAWA MOBILE LOAN APP

How to acquire the Usawa Mobile Loan App?

  • Download the Usawa mobile loan app
  • Then create your account
  • The App will show you the amount of loan your eligible for
  • Answer the questions provided
  • The loan is then disbursed
  1. TIMIZA APP

It was invented by Barclays Bank of Kenya, designed and created by Craft Silicon. Timiza app allows Kenyans to acquire instant low loans at low interest rates. This App runs on Android OS 4.0.

How to acquire the Timiza App?

  • Download the Timiza App
  • Then apply for the loan
  • The loan is disbursed into the customers’ Timiza account
  • An applicant can access the loan via the M-Pesa.

Features;

  • Timiza loans have a facility fee of 5%
  • If one fails to pay within 30 days there is a rollover fee of 5%.
  1. BALANCE MOBILE LOAN APP

It takes 3 minutes to register and the amount up to 10,000 Kshs will credited to your M-Pesa account. Balance mobile loan App offers individual loan conditions. An applicant with a bad credit history can procure a loan. Unlike other Apps, the Balance mobile loan App will protect your credit history from negative records even if your payment of the loan is late.

Requirements;

  • The National ID
  • A registered and active M-Pesa account

Features;

  • The interest rate for loan received is specified in your contract
  • There are no references and guarantors required in procuring the loan
  • It is a secure loan
  1. KCB M-PESA

A mobile based account offered exclusively to M-Pesa customers enabling you to access loans at attractive low interest rate. The KCB Bank and Safaricom are the companies that facilitate the KCB M-Pesa.

How to acquire a KCB M-PESA Loan?

  • Access it via the M-PESA menu
  • Choose Loans and Savings
  • Then select KCB M-PESA and Activate
  • Request for the loan
  • Enter amount you wish to borrow
  • Enter your M-PESA PIN
  • Loans issued are deposited into the KCB M-PESA Account
  • To access, the loan, go to KCB M-PESA menu and select withdraw to M-PESA

The loan amount will be sent to your KCB M-PESA Account less the interest, negotiated fee and excise duty which is deducted upfront

Features;

  • The loan limit is as low as Kshs. 50 up to Kshs 1,000,000
  • The duration of repaying the loan is 30 days
  • Loan repayment is made through KCB M-PESA or from the M-PESA

 

 

 

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