(Our Top 10 Picks) List Of Best Online Loans In Kenya 2021

Filed in Article by on August 14, 2020 0 Comments

Have you ever find yourself in a situation that requires urgent money? If yes, then at that point, what was your thought? I know, the first thing that comes to your mind was a loan which you can get it easily and fast online. Getting a loan online is quite easy and fast, so in this article, you will be given detailed information about the best online loans in Kenya.

Best Online Loans In Kenya

Here is a list of the best online loans in Kenya that you can easily borrow some cash from.

1. Mshwari

Mshwari stands as one of the best loan apps in Kenya for all Safaricom users. Apart from being one of the fastest and most reliable ones, one of the other key benefits is the ability to grow your limit every month. To access Mshwari credit, all you need is to set it up in your Mpesa menu by updating it.


  • The minimum limit is Ksh.100
  • The maximum limit is Ksh. 20,000
  • Duration of repayment is 30 days
  • You must have used the Mpesa line for not less than six months.

2. KCB Mpesa

Are you wondering how to attain loans in Kenya without security? KCB Mpesa is one of the most accessible online money lenders to consider. With this credit application, you are at liberty of choosing the repayment period, which is either one, three, or six months. However, the more the repayment period, the higher the interest will be.

  • You must be 18 years and above
  • You should have a registered and active Mpesa account for not less than six months.
  • The minimum limit is Ksh. 50
  • The maximum limit is Ksh.1 million
  • The repayment period is one, three, or six months.

3. Branch

Branch stands as one of the best-rated instant unsecured loans in Kenya. The application is available on either Google Play Store or online thus, you can access it at any time and place. Becoming a regular user of the application and one who pays their installments on time helps you to build up your credit level. Besides, this enables you to unlock not only bigger loans but also long-term ones.

  • You must be a registered and active user of Mpesa
  • You must have an active Facebook account
  • You should link your Facebook account to the Branch application
  • Minimum limit: Ksh. 1,000
  • Maximum limit: Ksh. 50,000.

 4. Tala Mobile Loan

Formerly known as Mkopo Rahisi, Tala is one of the best online loans in Kenya. It is ranked as the second-best online loan in Kenya via M-Pesa, and it has more than 100,000 Google Play Store downloads. To get an advance from this application, all you need to do is to download the app and allow M-Pesa to verify the details of your identity and creditworthiness.

  • Minimum limit: Ksh.2,000
  • Maximum limit: Ksh. 50, 000
  • Repayment period: 3 weeks or one month.

5. Zawadi Loans

Zawadi is one of the instant online loans same day in Kenya service that takes a maximum of two hours to get approved. The amount you can qualify for depends on their evaluation of your capability to pay back the credit on time.

The repayment period varies from one user to another. Instant advance requires a repayment period of one month while school fees advance has a repayment period of three months. Although it is a reliable source of online credits, you must be employed to attain one.

  • Must be employed
  • Instaloans have an interest rate of 17% payable in 30 days
  • ShuleChumz has an interest rate of 19% payable in 3 months.

6. Saida Loans

Saida is one of the quick money loans in Kenya and is readily available to individuals using either M-Pesa or Airtel Money. Besides, the individuals should be a person who regularly receives and makes calls with either Safaricom or Airtel sim cards daily.

Upon approval of your application, the money will be instantly sent to your mobile money service, that is, Mpesa or Airtel money.

  • Minimum amount: Ksh. 600
  • Maximum amount: Ksh. 100,000
  • Repayment period: 30 days.

7. Shika Loan

Shika loan is an online money lending application readily available for Android mobile phone users. Currently, the credits are offered only to Safaricom Subscribers, and this makes it one of the leading online loans in Kenya via m-Pesa.

  • Minimum limit: Ksh. 500
  • Maximum limit: Ksh. 20, 000
  • Interest rate: 15%
  • Repayment period: 30 days and failure to pay in one month attracts a rollover fee of 10%in addition to the amount owed.

8. Timiza

Barclays Bank of Kenya launched an online digital banking platform to offer instant unsecured loans to Kenyans. It is one of the best loan apps in Kenya, which is readily available on the Google Play Store. Alternatively, you can use your Safaricom line to register by dialing *848#.

  • You must be a Mpesa subscriber for not less than six months.
  • You must be an active user of Mpesa and Safaricom services.
  • Maximum possible limit: Ksh. 150, 000
  • Interest rate: 6.17 %
  • Repayment period: 30 days.

9. Haraka

The term “haraka” is a Swahili translation of quick, and just as the name suggests, the service offers its users quick advances. To create an account with the Haraka application, you have to login in with your Facebook account then create a profile. Once they access your eligibility and creditworthiness, you can go ahead and apply for the amount that you qualify for. Once the loan has been approved, it will be instantly sent to your Mpesa account.

  • You must have a facebook account
  • Minimum limit: Ksh. 500
  • Maximum limit: Ksh. 5, 000.

10. Zidisha

If you want to obtain small online loans in Kenya for your personal use or business purposes, Zidisha is one of the most viable options. The platform is known as a peer to peer (P2P) lending method as it links borrowers to money lenders in both Kenya and across Africa.

The minimum credit limit you can acquire is Ksh. 10, 000, which is payable in either weekly or monthly installments. One reason that makes this service a majority’s favorite is the fact that it does not charge any interest rates.

In this 21st century, making long queues in the bank, filling lots of paperwork, struggling to get guarantors is no longer a struggle for anyone wanting to get a quick loan. All this is thanks to the easy accessibility of online loans at the tap of your phone as various platforms and applications are offering the best online loans in Kenya.

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