Top 10 mobile Loan Apps In Kenya With Low Interest in 2025
We are in 2025 and the year has seen changes in digital lending where Central bank of Kenya is now regulating a number of digital lenders to ensure customers are protected. With this Most digital lenders had to comply and one major area was to reduce the interest rates they charge on their clients.
These apps have become a lifeline for many, especially small business owners, students, and individuals facing emergencies. However, with so many options available, it’s crucial to choose apps that offer low-interest rates and flexible repayment terms. Here’s a list of the top 10 mobile loan apps in Kenya that stand out for their affordability and reliability.
Top 10 mobile Loan Apps In Kenya With Low Interest in 2025
1. KCB M-Pesa
KCB M-Pesa is a collaboration between Kenya Commercial Bank (KCB) and Safaricom’s M-Pesa. This app allows users to access loans directly from their phones, with interest rates as low as 2% per month. The loan amounts range from Ksh 50 to Ksh 1 million, depending on your creditworthiness. Repayment periods are flexible, making it a popular choice for many Kenyans.
2. Mshwari
Mshwari, powered by NCBA Bank and Safaricom, is one of the pioneers of mobile lending in Kenya. It offers loans with an interest rate of 7.5% on the principal amount, which is relatively low compared to other apps. Mshwari is known for its simplicity and accessibility, as it operates directly through the M-Pesa menu. Loan limits start from Ksh 100 and can go up to Ksh 50,000 for first-time borrowers.
3. Fuliza
Fuliza is a unique overdraft facility offered by Safaricom, allowing M-Pesa users to complete transactions even when they have insufficient funds. The interest rate is 1% per day, which may seem high, but it’s a lifesaver during emergencies. Fuliza is ideal for short-term needs, and repayment is automatic once funds are deposited into your M-Pesa account.
4. Hustler Fund
Launched by the Kenyan government, the Hustler Fund aims to provide affordable credit to small-scale traders and individuals. With interest rates as low as 8% per annum, this fund is one of the most affordable options in the market. Borrowers can access loans ranging from Ksh 500 to Ksh 50,000, depending on their credit score. The app also encourages savings, which can improve your borrowing limit over time.
5. Timiza
Timiza, by Absa Bank Kenya, is another reliable mobile loan app. It offers loans at an interest rate of 6% per month, with amounts ranging from Ksh 100 to Ksh 150,000. Timiza also provides other services like savings accounts and bill payments, making it a versatile financial tool. The app is user-friendly and accessible to both banked and unbanked individuals.
6. Branch
Branch is a popular digital lending app that uses alternative data to determine creditworthiness. It offers loans with interest rates starting from 15% per annum, which is relatively low compared to other digital lenders. Loan amounts range from Ksh 500 to Ksh 70,000, and repayment periods can extend up to 12 months. Branch also rewards timely repayments with higher loan limits and lower interest rates.
7. Tala
Tala is a global lending app that has gained popularity in Kenya due to its quick disbursement and flexible terms. The interest rate is 15% per month, which is higher than some apps but still competitive. Tala offers loans ranging from Ksh 500 to Ksh 50,000, and borrowers can improve their credit scores by repaying on time. The app also provides financial education tips to help users manage their loans better.
8. Bayes
Bayes is a fast-growing mobile loan app in Kenya that offers competitive interest rates and flexible repayment terms. With interest rates starting from 10% per annum, Bayes is an affordable option for borrowers. Loan amounts range from Ksh 1,000 to Ksh 50,000, and the app is designed to be user-friendly, making it accessible to a wide range of users. Bayes also rewards consistent borrowers with higher loan limits and lower interest rates over time.
9. Okash
Okash, operated by Opera, is a digital lending platform that offers loans with interest rates starting from 12% per annum. Loan amounts range from Ksh 500 to Ksh 50,000, and repayment periods can extend up to 365 days. Okash is ideal for short-term financial needs, and the app is designed to be simple and easy to use.
10. Fadhili Loan App
Fadhili Loan App is a newer entrant in the market but has quickly gained traction due to its low-interest rates and customer-friendly policies. The app offers loans with interest rates as low as 10% per annum, making it one of the most affordable options. Loan amounts range from Ksh 1,000 to Ksh 50,000, and repayment periods are flexible.
Conclusion
Mobile loan apps have made it easier than ever for Kenyans to access credit, but it’s essential to choose apps with low-interest rates and transparent terms. The apps listed above are some of the best in the market, offering affordable loans tailored to different financial needs. Whether you’re looking for a small loan to cover an emergency or a larger amount for business purposes, these apps provide reliable and convenient solutions. Always remember to borrow responsibly and repay on time to maintain a good credit score and enjoy better terms in the future.
