Best 10 Loan Apps In Kenya Without Registration Fees

There are several loan apps in Kenya that offer short-term mobile loans instantly. However, not all are convenient as some charge high interest and request registration fees.

Well, this article will help you save time by highlighting the best loan apps in Kenya that don’t request registration fees.

1. Zenka

Zenka is one of the best mobile loan apps in Kenya that provides financial services responsibly and immediately without the need for collateral. The app has a rating of 4.0 on Playstore.

They offer loans from Kshs 500 to 30,000 and charge a processing fee of 9-39% of the principal amount

2. Tala

Tala offers the most accessible consumer credit product instantly, all through a smartphone app. Their loans range from Kshs 100- 50,000.

Anyone with an Android smartphone can apply for a loan and receive an instant decision regardless of their credit history.

Their interest rates are 11% and 15% for repayments of 21 and 30 days respectively. The loan app has a rating of 4.4 on Playstore.

3. Branch

The branch offers loans by accessing people’s credit based on smartphone data. Their approval process is quick and gives people an opportunity to build credit regardless of their banking history.

The app can be downloaded from the Google Play store. Loan terms are from 4-52 weeks with an interesting range of 17%- 35%.


4. Opesa

Opesa uses data from your phone including your handset details and financial transaction messages to determine the loan offer suitable for you.

They offer loan limits between Kshs 2,000- 10,000 at a 16.8% fee, repayable after 14 days.

5. Okash

Okash loan app has a rating of 4.2 on the Google Play Store. They offer loans from Kshs 2,500- 50,000, with interest rates of 14% to 16.8% dependent on the repayment period.

The repayment period is between 14-21 days.

6. Kashway

Kashway offers loans from Ksh 500 to Kshs 50,000 at low-interest rates in the most convenient and secure way.

The application process is digital and hassle-free and can be completed via your smartphone anywhere. They charge a service fee of 22%, and an interest rate of between 30%-72% APR.

7. LionCash

LionCash provides timely and affordable loans from Kshs 500 up to Kshs 70, 000. They are transparent and ensure that your changing needs are met with flexible loan solutions to better your economic situation.

Interest rates are as low as 16%.

8. Bayes

Bayes offers instant, flexible, and affordable mobile loans with no hidden charges. They charge no registration fees. They only look at mobile data and request a six months Mpesa statement.

They offer loans from Kshs 1,000- 50,000 and charge 30% of the principal amount.

9. Credit Hela

Credit Hela is a reliable loan app that offers flexible loans from Kshs 1,500- 80,000. They don’t charge a registration fee when applying for a loan.

They charge a one-time service fee that ranges from Kshs 100 to 600.

10. Timiza

Timiza is a reliable loan platform offered by Absa Bank. It offers loans from as low as Kshs 50 up to Kshs 150,000, with interest rates at 6.08%. The repayment period is 30 days.

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