It has been rightly observed that a good percentage of apps being downloaded in Kenya are apps that offer loans and betting services. Whether this is a clear indication of the state of our economy is subject to confirmation. One thing is for sure, there is a need of money and entrepreneurs have identified it as a problem and offering a solution.

Therefore let us look at some of the loan offering apps/companies and their interest rate/charges. The order is not an indication of rankings at all.

To avoid disappointments/inconveniences, always read the terms and conditions of every loan service provider you wish to use as part of doing your due diligence.



Loans offered in branch vary from ksh 250-70,000. The interest rate depends on your repayment history, generally ranging from 10%-27%, equivalent to a monthly interest of 1%-21%. Raise your loan limits by paying before the due date and requesting for the loan more often.




Offering loans in different countries, Tala loan services in Kenya are up to Ksh 30,000 with a charge fee of between 5%-15%. The first loans range between Sh 1,000-5,000. The loan offered maybe a 30 days loan which attracts a fee in the range of 7-15% or a 21 days loan with a fee in the range of 5-11%


Saida offers loans in the range of Ksh 600-100,000 with a 30 days repayment duration. Unlike most loan service providers, the interest rate is tailor made for different customer. But will in most cases be in the range of 7.5%-10%. A downside to that is you cannot calculate your loan interest before hand.




Offered by the Barclays bank, Timiza has equally low interest rates. The loan procured is of up-to Kshs. 150,000 with a onetime facility fee of 5% being charged. Repayment period is 30 days. The loan is disbursed to the customers Timiza account after which Customers will access the funds by withdrawing from Timiza to Mpesa.


O-kash can offer up to a maximum of Kes 500,000 at an interest rate of 14% for a 14 days loan and 16.8% for a 21 days loan. Pretty high I must say.

 Mcoop Cash

With the lowest interest rates Mcoop cash offers three kinds of loans as follows. You can borrow from Ksh 3,000 to a maximum of Ksh 100,000.

  • 1 Month individual loans – 1.166%
  • 3 Month individual loans – 3.498%
  • Business Loan – 1.166%
  • Insurance on 3 Month Loan – 0.102%


    Common to many, Mshwari offers loans in the range of Kshs 100-50,000. The loan amount is dependent on your credit history. A one-time fee of 7.5% is levied for each loan with a repayment period of one month.



    You can access loan limits from as low as Kes. 50 and up to Kes. 1M for a repayment period of one month. loans will now be charged 3.6% per month. This constitutes a one off 2.5% loan negotiation fee and a 1.16 % interest per loan per month. Excise duty (tax) is applicable on the non interest rate fees / negotiation fees, as required by law