Top Loan Apps In Kenya
If you’re in search of large loans from trusted loan apps in Kenya, then this article is for you.
People take loans from mobile loan apps for various reasons, and depending on their needs, they seek out lenders who can provide the required amount to meet those needs.
With the vast number of loan apps available on the Google Play Store today, it can be challenging for borrowers to easily identify which apps offer the large loans they need.
To simplify the process, I’ve taken the time to explore all the loan apps on the Play Store and identified the four most reliable apps that can provide substantial loans instantly.
In Kenya, KES 100,000 is considered a significant loan amount, especially from a digital credit provider.
So, in this post, I’ll be listing the loan apps that can offer KES 100,000 or more as instant loans.
4 Reliable Loan Apps for Large Loans
Here are the four mobile loan apps we’ll be exploring, along with their respective maximum loan limits:
| Loan App | Maximum Loan Limit |
|---|---|
| Branch | 300,000 KES |
| Timiza | 150,000 KES |
| Zenka | 100,000 KES |
| SC Juza | 100,000 KES |
Maximum Loan Limits
Branch
Branch, the only neobank in Kenya, can provide up to KES 300,000 to eligible customers. With KES 300,000, you can accomplish a lot with your ongoing projects. Branch loans have an interest rate ranging from 1.7% to 17.6% per month, making them quite affordable. You can download the Branch loan app from the Google Play Store, create an account, and see how much you qualify for right away.
Timiza
Owned by Absa Bank Kenya, the Timiza loan app can offer a maximum loan amount of KES 150,000 to its customers. Timiza loans have an interest rate of 1.083% per month, along with a facilitation fee of 5.0% and a 20% excise duty. To get started, download the Timiza loan app from the Google Play Store and try your luck.
Zenka
Zenka is one of the more popular loan apps in Kenya, similar to Tala. With Zenka, customers can receive an instant mobile loan of up to KES 100,000. However, Zenka’s interest rates are on the higher side, ranging from 9% to 30% per month. If you’re interested, you can find and download the Zenka app on the Google Play Store.
SC Juza
SC Juza is a newly launched loan app by Standard Chartered Bank of Kenya and has already made it to the list of top large loan providers in the country. The SC Juza app offers a maximum loan amount of KES 100,000 at an interest rate of 1.6% per month, with a total cost of 6.58% including a service fee and government excise duty. You can download the SC Juza app from the Google Play Store to give it a try.
Conclusion
While there are many loan apps available in Kenya, Branch, Timiza, Zenka, and SC Juza are the most reliable options for obtaining large loans through the Google Play Store.
