10 New Loan Apps in Kenya 2022

The following is a list of new loan apps in Kenya 2022 that are still giving out loans. As you all know, the government of Kenya banned these unregulated loan apps through the Central Bank.

This means that you cannot be blacklisted on CRB if you happen to default on their loan. See the list of loan apps that are denied access to CRB.

A new 2021 Amendment Bill in Parliament seeks to license and regulate Digital money lenders despite the ban.

Also, read; List of Loan apps in Kenya.

List of New Loan Apps in Kenya

The following is a list of the latest loan apps in Kenya 2022 that still give out loans in Kenya. We have tried to categorize the loan apps based on the interest rate offered.

Some loan apps have adopted the characteristics of a common shylock. It is good to note that, despite the high-interest rates offered by these predatory loan apps. Expect the following;

  • You don’t call poor customer service, but they call and SMS you several times a day with threats and fake promises you often.
  • Expensive interest loan rates 400%
  • Short loan repayment periods (7 days).
  • Privacy invasion. They will contact your contacts(Friends and Family) if you are late in loan repayments.

Also, note that we are not affiliated with any of the below loan apps. We are just here to provide insights.

Last but not least, it is always good to read the customer reviews and experiences in the Google play store before downloading the app.

Finally, always read and understand TERMS AND CONDITIONS before accepting any loans.

Despite all of the above, you still need that money. I will share tips on how to eat their money in the next post. They won’t take you anywhere.

High-Interest rates Digital Lenders in Kenya

High-Interest Rate Apps

  1. L-cash
  2. Zash loan App
  3. Lion Cash loan app
  4. Credit Hela
  5. iPesa loan app

Low-interest rate

  1. NCBA Loop
  2. Zenka loan app
  3. Timiza
  4. Mshawri and Fuliza Mpesa
  5. KCB Mpesa
Stacy Ambani
Stacy Ambani
I used to work at a Fintech Startup. I'm currently pursuing my passion for writing and blogging by working on this website full-time.

Related

Continue reading

How to Get a Zenka Loan via SMS

Do you need a loan but don't have the time to go through the hassle of downloading a loan app? Or maybe you're just not a fan of paperwork. Whatever your reason, we've got good news for you: you...

Zenka Loan App Download Latest 2022

Are you looking for a loan that you can access through your mobile phone? Look no further because, in this article, I will tell you all about the Zenka loan app. I will also show you how to download, register...

Tala Loan Application Form Online 2022

Many people looking for a loan have been asking about Tala's loan application form in Kenya. If you are looking for a Tala loan application form online, This Article will help you find answers to your questions. Tala is a...

14 Online Loans in Kenya Via Mpesa 2022

This article will review a list of online loans in Kenya via mpesa. You apply for these loans, and the money is directly sent to your M-Pesa account. Most of these loans are accessible through mobile loan apps which one...