Saturday, December 21, 2019

Top 10 Platforms To Get Online Loans In Kenya

In this post I will be teaching you about some of the platforms you can get online loans in Kenya and pay back later.

Most often, many individuals and business owners might need some extra-cash to in handling some financial issues around them. In times like this when all means of getting money has been exhausted, the best alternative is to consider getting a quick online loan.

The process of accessing online loans in banks is quite lengthy and tedious, therefore I have compiled a list of where you can get online loans in Kenya without any hassle.

Here is a list of top Platforms that gives Quick Online Loans In Kenya.

1. Utunzi:

Utunzi is an easy-to-use and entirely online lending platform that provides short-term loans to individuals and small businesses in Kenya to help cover unexpected expenses or urgent cash needs.

With Utunzi, you can access up to KSH5000 loan with no collateral. Once your application is approved, funds are typically received within 1 – 3 business days. Making on-time repayments can grant you access to higher credit limits for next loan request.

2. Branch:

Branch is another money lending platform that makes it easy for you to access a loan anytime and anywhere in Kenya. Branch offers minimum loans of up to KSH1000 within few hours on your mobile phone.

With Branch getting a mobile loan is simple. Apply for your credit limit in minutes, then take as many instant loans as you need without further approval steps. It’s a credit revolution!

3. Jazika:

Jazika is a simple yet powerful loan platform. Getting quick and instant online loans on  is so fast and easy. It will help you sort out your financial issues in real time.

Jazika offers loans up to KSH1000. Loan terms range. Interest ranges from 10% – 28% with an equivalent monthly interest of 1% – 21%, depending on selected loan option.

4. Mshwari:

Mshwari is a modern lending platform for individuals and small businesses. 
Mshwari uses mobile technology to enable individuals and small businesses to gain access to financial credit.

According to the platform, users can access quick and hassle-free loans of up to KSH10,000  without any collateral for a duration of either 15 or 30 days.

5. Kcb Mpesa:

Kcb mpesa is building platforms that make it easier for individuals and businesses in Kenya to gain access to financing. Mainly focused on lending and empowerment.
To access kcb mpesa loans, you need to have active Mpesa account for at least six months.

6. Tala:

Tala offers short-term loans to help cover for urgent needs, bills, business and much more. They give access to loans at any time and anywhere in kenya within 5 minutes.

Tala online loan packages include personal loan, education loan, business loan & more. With the effective use of technology, they are able to provide a speedy and efficient loan app to all their esteemed customers.

7.Shika Loan

Shika Loan is a mobile web app that gives you access to personal and small business loans to their users.

8. Haraka:
Haraka is one of the online loan platform that offer quick loans in Kenya.
The maximum loan amount is up to KSH 1000, with a maximum repayment period of 1-2 months depending on the loan amount borrowed(for existing applicants) and 30 days (for first-time applicants).
9. Pesazone loan:
Pesazone is mobile lending platform that gives online loans in Kenya, they give loans of minimum KSH1000.
10. Timiza:
Timiza offers online loans in kenya with reasonable interest rates, no registration fee, no management fee, and flexible repayment plans.
Timiza is an easy to use, and simple online lending platform that provides short term loans minimum of KSH500 to KSH10000.
There you have it! The updated list of top 19 online loans in Nigeria. As you have seen, some online lending platforms require collateral while some are without collateral, some target small businesses while others target civil servants.
There you have it on online loans in Kenya. Whatever you do, try as much as possible to check out the terms and conditions of each platform, and also the interest rates and payback time frame before you put in for an application.
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