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Mobile apps with low loan interests

Today we will review a list of loan apps in Kenya that has low interests on loans and that you can access loans on your smartphone and receive your loan through Mpesa.


Saida is a mobile app that offers you loans as long as you’re Mpesa or Airtel Money accounts have been very active.

Saida’s minimum loan limit is 600 shillings with the maximum being 25000 shillings. The best news is that it offers you a 10 percent rate.


M-shwari is a product of Safaricom, which is why it disburses its loans via Mpesa. It was formed in partnership with Commercial Bank of Africa (CBA).

The app offers a minimum loan limit of 100 shillings with a maximum limit that is pegged on one’s use of the servicef.

M-Shwari attracts an facility fee of 7.5 with no charges when one is transferring the money from M-Shwari to M-Pesa.

KCB Mpesa

KCB M-Pesa’s inception followed Safaricom and Kenya Commercial Bank’s partnership in 2015.

It is not a requirement that one has an account with KCB to borrow a loan from KCB Mpesa.

KCB M-Pesa’s minimum loan limit is 50 shillings with a maximum of a whopping 1million shilling.

Loans from the app attract an interest of 4.08 percent on monthly basis. The loan also attracts a negotiation fee of 2.5 percent that is one-off.


Founded in 2015, Branch is one of the most downloaded mobile loan apps offering loans up to 50,000 shillings.

Branch’s interest is from 1 to 14 percent monthly depending on how the borrower repays the weekly installments required.

A good credit history is used to regulate loan limits with the minimum one can acquire being 1000 shillings and the highest limit relies on one’s credit history. The money is then sent to one’s MPesaa account and has to be repaid using the same mode.


Tala is easily accessed on smartphones and was the first instant mobile loan app to be launched in 2014.

Tala gives you loans with a one off processing fee of 5 to 15 percent. The loan given is dependent on your profile and the amount you need to take as a loan.

A fixed interest of 11 percent is charged on customers who repay their loans on weekly installments and 15 percent for those that repay on monthly installments.

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