Best Loan Apps Without CRB Check In Kenya

Reading Today: 272

Loan Apps Without CRB Check: All lenders must know their customers and part of the process is checking whether a customer is a promising loanee. That is where the CRB comes in. CRB stands for Credit Reference Bureau, an entity mandated to collect information about your credit history and provide this to lenders.

Last year, The Central Bank of Kenya barred many mobile loan apps from accessing CRB services.

So in this article, I will list loan apps in Kenya without CRB checks and registration fees.

List of Loan apps without CRB Check

The following are the best loan apps in Kenya without CRB check:

1. Tala

Tala has been a popular loan app in Kenya for a few years.

Since they don’t need CRB to approve a loan, it is easy to get approved and takes less time. Although, they will try to check your phone data, like M-Pesa messages, to determine whether you are a loyal customer.

2. Okash

Okash is a Kenyan-based company that provides loans to people without CRB checks. They have been operating for some time now and offer customers the chance to borrow up to KES 70,000.

They can quickly assess your creditworthiness using data like Mpesa transactions or phone calls on your mobile phone.

3. Branch loan

The popular mobile loan app has also been blocked from accessing CRB. The branch is a Kenyan-based online lender that provides loans to people without CRB checks.

Their rates are higher than Okash’s, but they take less time to process your application since they don’t need you to run for it at their branches.

Loan amounts range from KES 250 to KES 70,000, with repayment periods between one month and 365 days.

The Branch loan is accessed through an app where customers can apply any time of day or night as long as they are connected to their mobile phone—even when there is no network connection.

4. Opesa

The Opesa loan app is another option that requires no CRB checks. Opesa offers loans with an interest rate of 36% per annum.

Their repayment terms range from one month to three months, depending on your needs—you can repay any time before it is due until you reach a total repayment term of six months.

The application process takes about five minutes on their app, using your phone number and email address as identification.

5. Fadhili Loan app

Fadhili app is a mobile loan app that offers loans to Kenyans. The application process only requires the user to enter their phone number, email address, name, occupation, monthly salary, and desired loan amount, with repayment terms ranging from one month to three months.