Demand for quick and easily available loans has been on the rise in the last couple of years and mobile loan apps have been on a rise to cater to this new demand. Below is a list of the Top 5 loan apps based on the reviews and downloads on the google play store.
They have been around since 2014 and they have grown to become one of the most popular mobile lending apps in the country with over 5M+ downloads. Their loans range from as low as Ksh 500 to over Ksh 30000 with an interest rate of 11% for 21 Days and 15% for 30 Days
Get Tala Loan app HERE.
Berry offers some of the most low-cost instant mobile loans in the country with easy and flexible repayment methods. Their loans range from Ksh 500 to over Ksh 50000 with the interest of up to 9% to 16% of the principal amount.
You can download the Berry App Here
Branch is one of the earliest pioneers of the mobile lending apps in the country having been started in 2015 by Branch international. Their loans range from Ksh 250 to highs of up to Ksh 70,000 with interest rates of 13% to 29% with repayments spans of 21 Days and 30 Days respectively
Download the Branch App here
They have been around for 3 years now having been established in 2018 by OneSpot Technology Ltd. Their loans range from Ksh 2,500 and Ksh 50,000. Interest rates range from 14% for 14 days and 16.8% for 21 days
Download Okash Here
Opesa is owned and operated by Tenspot Kenya Limited and has been around for a while now. Their loans range from Ksh 1500 to Ksh 50000
Downlaod the Opesa App Here