Mobile loan apps in kenya. 7 Best Loan Apps in Kenya in 2019: Instant Unsecured Mobile Phone Loan Apps 2018-07-20

Mobile loan apps in kenya Rating: 6,9/10 1898 reviews

Mobile loans apps in Kenya

mobile loan apps in kenya

These apps are available on Google Play Store and therefore you might need to have an android phone to access easy loans in Kenya. The repayment period is up to 90 days and interest rates start at 7. Stanzi enables clients to apply for loans ranging from ksh500 to ksh100, 000. Launch the app and link your Facebook account and you will be ready to start using the service. The soft mobile loans in Kenya are unsecure for lending parties in te sense that you the borrower does not have to commit any property as insurance in case you default on your loan.

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Top 20+ Mobile Loan Apps in Kenya 2018

mobile loan apps in kenya

In Kenya, there are a number of online platforms which offer mobile loans to customers — { Online Mobile Loan Apps In Kenya 2018 }. To borrow a loan you will be required to download Tala App from play store, then the app will be linked to your Facebook account. Overall, amongst , Tala is ranked third, after WhatsApp and Facebook. And for the repayment of loans, customers are given a 30-day deadline. The following fees apply for the type of service requested for.

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The best mobile loan apps in Kenya

mobile loan apps in kenya

Find the best by reading online reviews or asking around for loan apps that provide the best rates and packages. Keep in mind that these services mostly provide micro-loans. When joining or borrowing a loan, you start with the smallest amount, the loan limit increases as settle your payment on time. You also might need to walk or drive to the offices. Branch is one of the best mobile loan app providers and is highly recommended.

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Need a quick, easy, unsecured loan in Kenya?? Here are the top lenders (No Bank account required)

mobile loan apps in kenya

Tala claims that it does not charge interest on their mobile loans but rather charge a service fee. The minimum loan amount issued is usually Sh. This service facilitated by Paddy Micro-investments is one of the lesser known, but still highly efficient provider of micro-loans in Kenya. Read: Their loan interest rate starts at 7. You can access loan limits from as low as Kes.

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Mobile loans apps in Kenya

mobile loan apps in kenya

Moreover, the loan system sets limits to what you can obtain and this means a sum of Ksh 50,000 is the maximum loan while the minimum loan is Ksh 500. To access Tala loans , you need to have an android smartphone as well as an active Facebook account. Get access to unsecured mobile loans in Kenya; Download a choice of your loan Apps in Kenya. The app requires you to log in through Facebook but it is not mandatory that you have a Facebook account. While loan apps present enormous benefits, picking the right one will ensure you reap maximum advantages and value for money.

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LOAN APPS IN KENYA 2018 BEST

mobile loan apps in kenya

If you already have an account with us, simply sign In. Tala app has been developed to fill that gap. So if you run a business, you can try out Zidisha. It has been revealed in research that more Kenyans survive on mobile loans thanks to the innovative ways of getting a loan in Kenya. Today, most Kenyans more so those unemployed, survive on mobile loans. First-time applicants can only access Ksh.

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Need a quick, easy, unsecured loan in Kenya?? Here are the top lenders (No Bank account required)

mobile loan apps in kenya

Now that you know the different types of loans you might get and the basic requirements, let's take a look at some of the best loan apps in Kenya Best Loan Apps in Kenya Branch — Branch is available on Google Play Store. Are you in need of a quick, mobile loan in Kenya without security? Once your application is approved, first-time loans are charged a processing fee of Ksh. Hold no debt currently — usually you will be asked whether you have other outstanding debts with other lenders. Today, Tala offers a minimum loan amount of Ksh 500 to first-time users and up to a maximum of Ksh 30,000 for subsequent users with good loan repayment history. Simply send your loan request and lenders will contact you directly. Next, specify your desired loan amount and repayment period. Fill in your mobile number and wait for an invitation to access loans, the invitation could take up to 3 -7 days for approval.

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The best mobile loan apps in Kenya

mobile loan apps in kenya

You do not have to stand in a line, fill out numerous forms, provide collateral or wait for your application to go through a lengthy processing period. The minimum Loan limit is Ksh 1000, and the maximum loan limit is currently unknown. You can access a loan amount of up to Ksh. Stawika charges an interest rate of 15% and the loan is repayable through Mpesa. To qualify you need to have an active Mpesa account for at least 6 months. We are company located in the United Kingdom and we are into pure loan and debt financing of project s i.

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