Free Loan Apps in Kenya Without a Registration Fee

Most loan apps in Kenya have been charging a registration fee for first sign-ups. Have you ever downloaded a loan app then before accessing the loan, you are asked for a sign-up fee? This has happened to me severally and I think this is not right because people look for loans to service their emergencies. If you are looking for emergency loans in Kenya via Mpesa, then this post is for you. We have compiled a list of free loan apps in Kenya without a registration fee. This will eliminate the challenge of paying unnecessary registration fees to access loans services.

1. Tala

Tala is one of the best mobile loan apps in Kenya. Apart from providing excellent services to customers, the Tala loan app will give you a loan at low interest rates of between 11% to 15%. The good thing with Tala loan app is that after downloading it, you will not be asked to pay a registration fee. Therefore, you will go straight to provide personal details and check whether you qualify for a loan.

2. Jazika

Jazika loan app will not ask you for a registration fee after downloading it. As an online loan platform, Jazika will ask you to provide personal details to be reviewed and determine the loan amount you qualify for. You must fulfill the relevant specifications before accessing a loan from the Jazika loan app. For instance, you must have the application installed on your phone.

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3. CreditHela

CreditHela is among the few loan apps in Kenya without a registration fee. To access this loan app, just head over to your Google Play Store or App Store and download it. After installing, you will be prompted to provide personal information for validation. You will then get a notification of the amount you qualify for. The good thing with CreditHela is that it gives customers loans at a low interest rate of 8.9%.

4. Haraka App

As the name suggests, this application ensures faster disbursement of loans to customers. Haraka loan app does not charge customers any registration fee to access its loan services. Therefore, you can be sure before even downloading it that the chances of getting a loan are high. If you are in good standing, this app can give you a loan of between Ksh. 250-5,000.

The interest rate of this loan app is also low for the principal amount borrowed. However, one disadvantage of Haraka loan app is its short loan repayment period. You are expected to pay back your loan within one month.

5. Saida

Saida is among the loan apps in Kenya without a registration fee. This app gives loans to its customers at an interest rate of 15% for one month. Thus, after downloading this app on your phone, just provide your personal details for verification. After that, you will be asked to choose the loan amount. You can apply for a loan between Ksh. 600-100,000.

6. Stawika

Stawika is among the best loan apps in Kenya without a registration fee. To access this app, head over to your phone’s play store or app store, search and download it. Provide your details for validation by the application. After the validation process, you will get a notification informing you of the loan amount you qualify for. With Stawika, you can apply for a loan between Ksh. 500-50,000. However, you should note that the interest rate is 1% per day for 21 days. Therefore, the Stawika loan app is good for very short-time loans, for example, less than 5 days. The more time you stay with the loan, the more the daily interest.

7. Tunzi

Tunzi loan app is very common in Kenya. It’s one of the loan apps in Kenya without a registration fee. The app gives different types of loans ranging from Ksh.1,000-250,000. Additionally, it has a flexible repayment plan spanning from 90 days to 48 months. However, the repayment duration depends on the type of loan you get.

8. Zenka

Zenka is one of the trusted loan apps in Kenya. Apart from having flexible loan repayment plans, Zenka will not charge you a registration fee to access its loan services. You don’t need collateral to access a loan from Zenka. If you are looking for a loan between Ksh.500-30,000 through Mpesa, then the Zenka loan app is your go-to place.

9. Kashway

Kashway provides loans for Kenyans at flexible interest rates and repayment plans. Furthermore, you will not be asked to pay a registration fee to use this app. After downloading and installing this application on your phone, you will be able to access a loan between Ksh.500-50,000.

10. LionCash

LionCash is among the convenient loan apps in Kenya based on its high transparency level. Apart from being among loans apps without a registration fee in Kenya, it also has a low-interest rate of 16%. Thus, when borrowing from this app, you are sure you will not be overcharged.

11. Timiza

Timiza loan app is owned and managed by the Absa Bank Kenya PLC. It’s a trusted app providing emergency loans via Mpesa to Kenyans. The app ensures that its customers are satisfied by ensuring transparency in its lending services. Timiza is among the few loan apps in the country with very low-interest rates at 6.08% per month. If you decide to use the Timiza loan app, they can give you a loan between Ksh. 50-150,000.

12. Bayes

Bayes is one of the new loan apps in Kenya without a registration fee. The app does not have any hidden charges. Therefore, it’s safe to use this app when you need an emergency loan through Mpesa. You can get a loan of between Ksh.1,000-50,000 at an interest rate of 30% for one month.

13. Stawi

Stawi is the final among the loan apps in Kenya without a registration fee. With the Stawi loan app, you can access any loan amount up to Ksh. 250,000 through your phone. Stawi has a flexible loan repayment period which takes a maximum of 1 year. Therefore, if you are taking a loan for an SME business, you can be sure that by the end of 1 year, you will have repaid the loan and stabilized the business.

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