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Top 10 Best Mobile Money Loan Apps In Kenya

Advancement in technology has caused a paradigm shift from the traditional bank loan application to unsecured loan application that can be applied by the tap of a button on your phone. Many Kenyans have impressed these form of acquiring instant swift soft loans causing a big disruption to the banking sector. All that one needs is a smartphone installed with loan provider app or use the USSD code of the loan provider. A number of banks have also jumped on the band wagon and introduced mobile Apps.

With all these at our disposal one must be careful while choosing a loan app or partner. Interest rates, security, loan processing time and terms of repayment are some of key factors one must consider while applying for a mobile loan.

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With these factors put in consideration, below is a list of reliable mobile money lenders you can rely on for quick cash. Majority of them offer a loan repayment period of 1 month with some giving a flexible repayment period one can choose from.

  1. Mshwari by Commercial Bank of Africa (CBA)
  2. KCB Mpesa by Kenya Commercial Bank (KCB)
  3. Eazzy Loan by Equity Bank
  4. Tala
  5. Branch
  6. Timiza by Barclays Bank
  7. Saidia
  8. Haraka
  9. HF Whizz
  10. Zidisha

Below are some details on the history and terms you should know concerning these loan app


Mshwari is a mobile Money offered through Mpesa  in partnership with Commercial Bank Of Africa. The minimun amount one can borrow is Ksh. 100 and the maxmum is Ksh.50,000. A facilitation fee of 7.5% is charged on the amount borrowed and repayment period is 30 days. One can as well save with Mshwari and earn an interest. For one to qualify for Mshwari loan services you must have an active registered Safaricom line for atleats 6 months. It takes minutes to get your loan after approval

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KCB Mpesa

This is  a partnership between KCB bank and safaricom Mpesa. With KCB Mpesa one can borrow as low as Ksh. 50 to 1 Million. It is not a must to have saved with KCB to qualify for the loan. They are preferably the best in terms of interest rates as they charge an interest of 1.16% per month or a negotiable one off fee at 2.5% for a higher loan.

Eazzy Loan

One must be a customer with Equity bank to qualify for this loan. Through equitel SIM card clients can easily apply for the loan depending on the limit set and receive it within minutes.


Formally known as Mkopo Rahisi, tala has been around for the longest time. It was introduced in 2014 and serves a large number of clients. Tala charges an interest of 15% per month and the minimum amount one can borrow is Ksh. 500 and the maximum is Ksh. 50,000.  One needs to download Tala App and your Mpesa history will be a determinant factor to qualify for a loan. If your credit score is too low it might take some time before you qualify for the loan.


Branch is  a company owned by Branch international Inc a San Fransisco based company. It has its branch in Nairobi Kenya and entered the local market back in 2015. Branch works almost in a similar manner as Tala only that you will need your facebook account to verify your details upon registration. With Branch you can borrow from Ksh. 1000 to Ksh.5000. The repayment period you choose will determine the interest you will pay.

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Timiza offers friendly loan with low interest to borowers through mobile App or through USSD code *848#. Timiza is a product of Barclays bank. You need to be in good standing to increase your borrowing limit and timely repayment of your loan is key. You don’t need to have an account with Barclays to access Timiza loan.


Saidia offers loans to borrowers through its mobile App. Eligible applicants can borrow from as low as Ksh. 600 to Ksh. 25,000. They charge an interest rate of 10% per month. You also need to have a positive rating to qualify for the loan.


Just as the name suggest, Haraka processes your request in the shortest time possible as long as you qualify. You can borrow from as low as Ksh. 500 to Ksh.50,000. However i find their interest rate a little bit high. They have minimum requirements but one needs to ave an active facebook account to register

HF Whizz App

HF Whizz is a product of Housing finance. It is pretty efficient in terms of service and you stand to qualify for a higher loan even at the first time application. The App also allows you to send money and pay bills among other services. It is worth trying.


Zidisha is an international firm which was found in 2008 and has been active ever since. Zidisha is a peer to peer lending platform for individual or business organizations via an online platform that matches creditors directly to borrowers.

Zidisha is a non-profit organization which connects borrowers from Kenya and across Africa, with creditors from North America and Europe. To qualify for a loan with Zidisha, you need to:

  1. Be either employed or have an active business
  2. Have good conduct and reputation
  3. Have a good credit score record
  4. One should also have an excellent online presence to be able to respond to Zidisha queries and products on their website
  5. You also need to have an active facebook account with good social connections
  6. Reside in a country where Zidisha operates.
  7. Be able and committed to posting frequent updates and reviews regarding the use of the loan and progress of the business on the Zidisha website.
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With many money lending App out there you can choose your most preferred. But it is important to read the terms and conditions before making your choices. It should also be noted that these money lending Apps checks with Credit Reference Bureau and you therefore risk listing with CRB in case you default.



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Majira M

Keeping you in the loop. I write to share information that matter. From technology to business tips, I share information to inspire and educate