Top 10 New Loan Apps in Kenya (2021 Update)

The following is a list of new loan apps in Kenya 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.

Despite the ban, a new 2021 Amendment Bill in Parliament seeks to license and regulates Digital money lenders.

Also, read; List of Loan apps in Kenya.

Top 10 New Loan Apps in Kenya

The following is a list of loan app that still give out loans in Kenya. We have tried to categorize the loan apps in terms of 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) in case 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 with you 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
Tim Jumah
Tim is a practising farmer based in Trans-Nzoia. His love for technology in agriculture led to the establishment of this website.



PesaPap Loan App Guide 2021

PesaPap Loan App is an online banking platform for Family Bank. This application was developed to ease the banking processes for customers. With the PesaPap...

Stawika Loan App Downloads and Contacts

Today we look at Stawika Loan App in Kenya from Stawika Capital Limited. The mobile App for Android smartphones gives instant mobile loans in Kenya. We...

UbaPesa Loan: How to Download & Apply for Loans

UbaPesa Loan App is a platform where lenders and borrowers interact. It can also be referred to as the money market, where lenders profit...