Kenya’s digital lending space continues to evolve, with new loan apps offering faster approvals, lower interest rates, and more flexible repayment terms than ever before. Whether you need emergency cash, business funding, or personal financing, these apps provide quick solutions directly to your M-Pesa account.
In this guide, we’ll explore the best new loan apps in Kenya for 2025, their features, interest rates, and eligibility criteria—helping you make an informed borrowing decision.
Why Use New Loan Apps in Kenya?
Kenya’s fintech boom has introduced innovative lending platforms that stand out for:
✅ Instant approvals – Funds disbursed in minutes.
✅ No collateral – Most apps require only an ID and M-Pesa.
✅ Flexible repayment – Extensions and partial payments available.
✅ Credit-building – Timely repayments increase loan limits.
✅ Lower interest rates – Competitive compared to traditional lenders.
With mobile penetration at over 66 million subscriptions, these apps are transforming access to credit.
Top 10 New Loan Apps in Kenya.
1. FlashPesa
- Loan Range: Ksh 2,000 – Ksh 80,000
- Interest: 0% interest, but a one-time origination fee (Ksh 150–600).
- Repayment: 91–365 days.
- Key Feature: No interest charges, just a small processing fee.
- Best For: Borrowers needing medium-term loans without high interest.
2. Berry
- Loan Range: Ksh 500 – Ksh 20,000
- Interest: Varies (APR up to 36%).
- Repayment: Short-term (flexible).
- Key Feature: No CRB checks, quick approval.
- Best For: Small emergency loans with minimal requirements.
3. SC Juza (Standard Chartered)
- Loan Range: Ksh 1,000 – Ksh 100,000
- Interest: 1.6% monthly (only pay for days borrowed).
- Repayment: Up to 61 days.
- Key Feature: Bank-backed reliability with fast digital approval.
- Best For: Those who prefer regulated lenders.
4. Credit Hela
- Loan Range: Ksh 1,500 – Ksh 80,000
- Interest: Competitive APR.
- Repayment: Flexible terms.
- Key Feature: Straightforward application via Google Play.
- Best For: Borrowers with stable income.
5. Chapeo Cash
- Loan Range: Ksh 1,000 – Ksh 100,000
- Interest: 0.03%–0.06% daily (APR: 11%–22%).
- Repayment: 91–121 days.
- Key Feature: Instant approval & airtime discounts.
- Best For: Users needing quick cash with low daily interest.
6. Utunzi
- Loan Range: Ksh 500 – Ksh 100,000
- Interest: No CRB checks.
- Repayment: Extended limits for repeat borrowers.
- Key Feature: Ideal for those with poor credit scores.
- Best For: Emergency funding without strict checks.
7. Zash
- Loan Range: Ksh 800 – Ksh 50,000
- Repayment: 7–90 days.
- Key Feature: Grace period options.
- Best For: Short-term borrowers needing flexibility.
8. Okash
- Loan Range: Varies (profile-based).
- Interest: Competitive rates.
- Repayment: USSD & app access.
- Key Feature: Telkom Kenya integration.
- Best For: Users preferring USSD loans.
9. Haraka
- Loan Range: Up to Ksh 15,000
- Interest: Transparent pricing.
- Repayment: Quick disbursement.
- Key Feature: Responsible lending focus.
- Best For: Small, urgent needs.
10. LendPlus
- Loan Range: Ksh 1,000 – Ksh 50,000
- Interest: 0.9%–2.2% daily.
- Repayment: 5–30 days.
- Key Feature: High approval rate & 15-minute funding.
- Best For: Fast business or personal loans.
11. Helacash
- Loan Amount: KSh 2,000 – 100,000
- Interest Rate: 12% to 24% APR
- Repayment Period: 91 to 365 days
- Features: No CRB check, no upfront fees, fast approval
- Requirements: Kenyan ID, active M-Pesa account, age 18–60, employed
12. Zuri Cash
- Loan Amount: KSh 500 – 50,000
- Interest Rate: 18% to 36% APR
- Repayment Period: 91 to 360 days
- Features: No CRB check, zero transaction fees, user-friendly interface
- Requirements: Kenyan ID, active M-Pesa account, age 20–60
13. TruePesa
- Loan Amount: KSh 2,000 – 80,000
- Interest Rate: 12% to 25% APR
- Repayment Period: 91 to 365 days
- Features: No CRB check, low-interest rates, quick processing
- Requirements: Kenyan ID, active M-Pesa account, age 18–65, regular income
14. Airpesa
- Loan Amount: KSh 1,000 – 120,000
- Interest Rate: 36% to 72% APR
- Repayment Period: Up to 6 months
- Features: No collateral required, fast disbursement, easy application
- Requirements: Kenyan ID, active M-Pesa account
How to Choose the Best Loan App
When selecting a new loan app, consider:
✔ Interest Rates – Compare APRs (e.g., Tala: 0.3% daily, Branch: 1.7% monthly).
✔ Repayment Terms – Look for flexibility (e.g., Zenka allows 61-day terms).
✔ Fees – Avoid hidden charges (e.g., origination or late fees).
✔ Customer Reviews – Check app store ratings (e.g., FlashPesa: 4.7/5).
✔ Security – Ensure data encryption & licensing (e.g., Tala is CBK-regulated).
Risks & Safety Tips
⚠ Avoid High-Interest Loans – Some apps charge up to 39% interest.
⚠ Beware of Scams – Only download from Google Play or the App Store.
⚠ Protect Your Data – Check privacy policies before granting permissions.
⚠ Repay On Time – Late payments can hurt your CRB score and limit future borrowing.
Final Thoughts
Kenya’s new loan apps offer fast, convenient, and affordable credit solutions. Whether you choose FlashPesa (0% interest), Chapeo Cash (low daily rates), or SC Juza (bank-backed security), always borrow responsibly.
Need a loan? Compare options, read reviews, and select the best app for your needs!
🔗 Explore More: Top Loan Apps in Kenya 2025 | How to Avoid Loan Scams
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