Request Loan in Kenya

Requesting loans in Kenya is simple and convenient. You can either download the loan lender’s mobile app from the Google Play Store or the Apple App Store. Alternatively, you can access these loans using specific mobile USSD codes provided by the lenders.

List of where to Request Loan In Kenya

  1. KCB M-PESA:
  • Offers loans up to KES 1 million.
  • Flexible repayment terms from one week to twelve months.
  • Low-interest rates make it cost-effective.
  1. Tala Loan App:
  • Provides loans up to Ksh. 30,000.
  • Repayment period ranges from two weeks to six months.
  • Utilizes digital data for quick loan approval, particularly beneficial during emergencies.
  1. Branch Loan App:
  • Offers credit up to Ksh. 30,000.
  • Assess creditworthiness using data-driven technology.
  • No lengthy paperwork required, repayment durations align with financial capabilities.
  1. Timiza Loan App:
  • Swift access to funds for individuals and small businesses.
  • Repayment period ranges from one week to twelve months.
  1. M-Shwari:
  • Provides borrowing from Ksh. 100 to Ksh. 70,000.
  • Repayment periods extend up to 30 days.
  • Offers both savings and loan solutions directly to mobile phones.
  1. Haraka Loan App:
  • Employs proprietary credit scoring for instant loan decisions.
  • Caters to swift financial needs of Kenyan citizens.
  1. Zenka Loan App:
  • Offers instant loans for 61 days with processing fees ranging from 9% to 30%.
  • Exclusive zero-interest for first-time users.
  • Versatile loan limits from Ksh. 500 to Ksh. 30,000, with flexible repayment options.
  1. Stawika Loan App:
  • Interest rates range from 7% to 21%.
  • No processing fees required.
  • Borrowing options from Ksh. 500 to Ksh. 70,000.
  1. Hustler Fund:
  • Offers loans ranging from Ksh. 500 to Ksh. 300,000.
  • Flexible repayment windows up to 36 months.
  • Popular among Kenyan youth, operated by the Kenyan Government.

Factors to Consider before Requesting for a Loan in kenya

  1. Credit Score:
  • Lenders assess your credit score to gauge your creditworthiness.
  • Higher scores, typically in the 700s or 800s, are more favorable.
  • Scores range from 300 to 850, with FICO┬« Score and VantageScore being common models.
  1. Income and Employment History:
  • Demonstrating sufficient and consistent income is crucial.
  • Lenders may require higher income for larger loan amounts.
  • Steady employment enhances loan approval chances.
  1. Debt-to-Income Ratio (DTI):
  • Lenders prefer a low DTI, ideally below 43%.
  • DTI compares your monthly debt obligations to your income.
  • Lower DTI increases approval likelihood.
  1. Collateral Value:
  • Collateral secures loans and affects borrowing terms.
  • Secured loans, backed by collateral, often have lower interest rates.
  • Collateral value determines borrowing limits.
  1. Size of Down Payment:
  • Down payment size impacts loan amount.
  • Larger down payments reduce the need for borrowing.
  • Smaller or no down payments may lead to higher interest rates.
  1. Liquid Assets:
  • Having cash reserves or easily convertible assets reassures lenders.
  • Liquid assets ensure payment capability during financial setbacks.
  • Insufficient reserves may result in higher interest rates.
  1. Loan Term:
  • Shorter loan terms are preferred by lenders for increased repayment certainty.
  • Shorter terms save on interest but require higher monthly payments.
  • Loan term selection should align with financial stability and repayment ability.


Now equipped with knowledge on requesting loans, you can utilize these apps for quick loans during emergencies or personal development.

However, responsible borrowing is paramount. Prioritize understanding loan terms, interest rates, and repayment schedules before committing.

Borrow only what you genuinely need and ensure you can comfortably meet repayment obligations.

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