How to borrow money fast in Kenya?

How to borrow money fast in Kenya?

Life is full of unexpected twists and turns, and sometimes, you might find yourself in need of some extra cash urgently. Whether it's to cover an unforeseen medical bill, repair your car, or seize a business opportunity, borrowing money quickly can be a lifesaver. In Kenya, the rise of online loan apps has made accessing fast cash easier than ever before. 

In this comprehensive guide, we'll show you how to navigate the world of online loans and borrow money swiftly when you need it most.

Where can I borrow money urgently in Kenya?

When unexpected financial emergencies strike, knowing where to borrow money urgently in Kenya can be a lifesaver. Fortunately, there are several options available to you, from traditional banks to online lenders. 

Online loan apps have gained immense popularity in Kenya due to their speed and accessibility. Some well-known loan apps in Kenya include Tala, Branch, and M-Shwari. These apps offer fast approval and disbursement of loans directly to your mobile money account. 

Loan Apps to borrow money in Kenya

In Kenya, the fintech industry has seen a surge in the popularity of loan apps that offer quick and convenient access to cash. These apps have become a lifeline for individuals facing urgent financial needs. Here are some reputable loan apps to consider when you need to borrow money quickly:

Tala (formerly Mkopo Rahisi)

Tala is one of the most well-known loan apps in Kenya. It provides unsecured personal loans with flexible repayment terms. Tala uses mobile data and algorithms to determine your creditworthiness, making it accessible to a wide range of borrowers.


Branch is another popular loan app in Kenya that offers fast and convenient access to loans. It provides loans based on your mobile phone data, and the approval process is typically quick. Branch also encourages responsible borrowing and offers lower interest rates for repeat borrowers who repay on time.


M-Shwari is a product of Safaricom and the Commercial Bank of Africa (CBA). It's integrated with the M-Pesa mobile money platform, making it easy to access loans and savings products. M-Shwari provides short-term loans with no collateral requirements.

KCB M-Pesa

KCB M-Pesa is a partnership between KCB Bank and Safaricom's M-Pesa. This mobile banking service allows you to access loans and savings products through your mobile phone. It offers various loan options, including business loans and development loans.


Okash is an online loan app that offers instant mobile loans in Kenya. It provides loans ranging from small amounts to more substantial sums, depending on your credit history and repayment behavior.

Zenka Finance

Zenka Finance is a loan app that offers personal loans with flexible repayment options. It's known for its straightforward application process and quick approval times.


Saida is an app designed to help users manage their finances and access credit when needed. It provides loans based on your financial behavior and allows you to repay in installments.

Choosing the right online loan App

Selecting the right online loan app in Kenya is crucial to ensure you have a positive borrowing experience and don't fall into a cycle of debt. Here are the key factors to consider when choosing the right online loan app;

  1. Interest rates and fees

Interest rates and fees can significantly impact the cost of borrowing. Look for loan apps with competitive interest rates and transparent fee structures. Be aware of hidden charges or late payment penalties.

  1. Loan amounts

Different loan apps offer varying loan amounts. Choose an app that provides the amount you need to cover your financial emergency. Avoid borrowing more than necessary to minimize the repayment burden.

  1. Repayment terms

Consider the repayment terms offered by the loan app. Some apps offer flexible terms, allowing you to choose a repayment period that suits your budget. Others may have fixed repayment schedules.

  1. Approval speed

One of the advantages of online loan apps is their quick approval process. Check how long it typically takes for the app to approve and disburse loans. In emergencies, faster approval can be critical.

  1. Credit scoring and requirements

Understand the app's credit scoring criteria and requirements. Some apps use alternative data, such as mobile phone usage and transaction history, to assess your creditworthiness, making loans accessible to more people. Others may require a higher credit score.

How to borrow money urgently from loan Apps

Start by visiting your device's app store, whether it's the Apple App Store for iOS devices or Google Play for Android devices. Use the search function to find the specific loan app you've chosen, such as Tala, Branch, or any other reputable option. Download and install the app on your smartphone

  • Launch the installed loan app and open it. Sign up for an account by providing your personal details. You'll typically need to provide your name, phone number, and sometimes your national ID or passport number.
  • After successfully registering, navigate within the app to find the loan application section. Specify the loan amount you need and the desired repayment duration. Be mindful of your ability to repay within the chosen timeframe.
  • The loan app will initiate a verification process to confirm your identity and assess your creditworthiness. This verification often involves checking your mobile money transaction history, including your income, expenses, and repayment behavior. 
  • If your application is approved, you will receive a loan offer from the app. This offer will include details such as the approved loan amount, interest rate, and repayment terms. Carefully review the terms of the loan to ensure they align with your needs and financial capacity.
  • Repaying the loan is a crucial step to maintaining a positive borrowing history and avoiding penalties. Loan repayment methods vary by app and may include automatic deductions from your mobile money wallet or bank account, manual payments through the app, or other specified payment options.


In the dynamic financial landscape of Kenya, borrowing money fast has become more accessible than ever before, thanks to the convenience and speed of online loan apps. By carefully choosing the right lender, understanding the borrowing process, and repaying loans responsibly, Kenyan individuals and businesses can confidently navigate their financial challenges while building a secure and prosperous future.


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